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Grandmont, Jean-Michel - 2017 - Revised October 2017

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Credit crunch and downward nominal wage rigidities

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Search frictions and the business cycle in a small open economy DSGE model

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Orlando, Giuseppe; Sportelli, Mario C. - In: Nonlinearities in economics : an interdisciplinary …, (pp. 153-168). 2021

In this chapter, we outline the reasons why economics has been concerned with non-linear dynamics, with a particular focus on business cycles and on economic growth. Using varying perspectives, we discuss the salient historical mathematical approaches to the problem and the results that were...

Persistent link: https://www.econbiz.de/10012648040