Showing 1 - 7 of 7
Persistent link: https://www.econbiz.de/10013481613
Classical theories -- Puzzles -- Stylized facts -- What matters -- What doesn't matter -- Aspects of general equilibrium -- General utility -- Consumption smoothing -- Local substitution -- Production -- Output -- Firms -- Inputs -- Smoothed output -- Units and unit value -- Consumption --...
Persistent link: https://www.econbiz.de/10003915335
Persistent link: https://www.econbiz.de/10001471131
The general equilibrium models in this paper, with complete markets, can give the major features of business cycles. The models include real investment, but information is costless and is available to everyone at the same time. Fluctuations in the match between resources and wants across many...
Persistent link: https://www.econbiz.de/10012478155
Persistent link: https://www.econbiz.de/10001348815
Persistent link: https://www.econbiz.de/10001349845
The general equilibrium models in this paper, with complete markets, can give the major features of business cycles. The models include real investment, but information is costless and is available to everyone at the same time. Fluctuations in the match between resources and wants across many...
Persistent link: https://www.econbiz.de/10013248427