Abstract This article develops a new model of business cycles. The is economical in that it solved with an aggregate demand–aggregate supply diagram, and the effects shocks policies are obtained by comparative statics. builds on two unconventional assumptions. First, producers consumers meet through matching function. Thus, features unemployment, which fluctuates response to demand shocks. Seco...

More that ever before nowadays is extremely important to consider the impact of high technologies on the sustainable economical and society development of the country. One of the main reasons is the high technologies and the underlining sophisticated knowledge themselves, whereas the other is the fact human resource mobility hence high education and training are an intrinsic part of the ongoing...