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Grauwe, Paul De - Princeton University Press

the fluctuations of economic activity that are an endemic feature of market economies. This new approach illustrates a … richer macroeconomic dynamic that provides for a better understanding of fluctuations in output and inflation. De Grauwe …

Persistent link: https://www.econbiz.de/10010862630

Crise de la théorie et crise de la politique économique : des modèles d’équilibre général stochastique aux modèles de dynamique hors de l’équilibre

Gaffard, Jean-Luc - Sciences économiques, Sciences Po - 2012

reconsidérer la nature des fluctuations et produire des arguments en faveur d’une approche ‘hors de l’équilibre’. Cette approche …

Persistent link: https://www.econbiz.de/10011003763

Money, Income, Inflation and the Acceleration Principle

Karpetis, Christos; Varelas, Erotokritos - In: Economia Internazionale / International Economics 58 (2005) 2, pp. 179-201

In this paper we develop a simple dynamic New Keynesian type model using the multiplier – accelerator principle in our effort to determine the time paths of income, actual and expected inflation towards their long – run equilibrium values. Assuming that expectations are adaptive, we...

Persistent link: https://www.econbiz.de/10008490663