Lux, Thomas - In: Jahrbuch für Sozialwissenschaft 42 (1991) 2, pp. 224-233
In this paper an inflationary regime is added to the Metzlerian inventory cycle model. It is shown that for all originally instable parameter values the time paths are stabilized to limit cycle oscillations between the Keynesian and the inflationary regimes. This result is due to the fact that...