Equilibrium adjustment of disequilibrium prices
نویسندگان
چکیده
منابع مشابه
Equilibrium Sticky Prices ∗
I offer a macroeconomic view of product markets that combines the desirable properties of the market-clearing models descended from the real business cycle model, on the one hand, and the sticky-price disequilibrium model of modern inflation analysis, on the other hand. I adhere strictly to the basic concept of equilibrium, in that buyers and sellers never transact in my model under conditions ...
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ژورنال
عنوان ژورنال: Journal of Mathematical Economics
سال: 1997
ISSN: 0304-4068
DOI: 10.1016/0304-4068(95)00761-x