Dimand on the Corridor of Stability
This chapter draws on the debt-deflation process of <link rid="b17">Fisher (1933</link>) as well as on <link rid="b30">Keynes (1936</link>, chapter 19) and <link rid="b51">Tobin (1975</link>, <link rid="b52">1980</link>) to explore the concept of a corridor of stability, where an economy will be self-adjusting only for demand shocks small enough to leave it within that corridor. Copyright 2005 American Journal of Economics and Sociology, Inc..
Year of publication: |
2005
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Authors: | Dimand, Robert W. |
Published in: |
American Journal of Economics and Sociology. - Wiley Blackwell. - Vol. 64.2005, 1, p. 185-199
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Publisher: |
Wiley Blackwell |
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