Foundations for a Disequilibrium Theory of the Business Cycle: Qualitative Analysis and Quantitative Assessment by Peter Flaschel, Reiner Franke, Carl Chiarella

Foundations for a Disequilibrium Theory of the Business Cycle: Qualitative Analysis and Quantitative Assessment

Peter Flaschel, Reiner Franke, Carl Chiarella

550 pages • missing pub info (view editions)

nonfiction business economics medium-paced
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In a non-market-clearing approach to business cycle theory, this book builds an advanced model of economic activity, inflation and income distribution in a Keynesian spirit. After a qualitative analysis of the basic feedback mechanisms, the author...

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