Déséquilibre général et investissement
We analyze an intertemporal disequilibrium macroeconomic model under perfect foresight and with a fixed real wage. The focus is on investment behavior derived from an intertemporal optimization. The introduction of overtime work ensures the absence of discontinuities between regimes. This enables us to clarify the respective rôles of the real wage level, of autonomous demand and of expectations in the determination of the level of output both in the short and in the long run.
Year of publication: |
1986
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Authors: | D'AUTUNE, Antoine ; MICHEL, Philippe |
Published in: |
Annales d'Economie et de Statistique. - École Nationale de la Statistique et de l'Admnistration Économique (ENSAE). - 1986, 4, p. 23-51
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Publisher: |
École Nationale de la Statistique et de l'Admnistration Économique (ENSAE) |
Saved in:
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