Working Paper
Fixprice models for dynamic studies
Abstract: A specification of static fixprice (or disequilibrium) models developed for dynamic extension in the companion piece, Working Paper 8505. This paper, using only static analysis, gives the disequilibrium explanation for the existence of business cycles.
Keywords: Equilibrium (Economics); Business cycles;
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Working Papers (Old Series)
Publication Date: 1985
Number: 8504