Continuum of equilibria and business cycles: a dynamic model of mesoeconomics.
A model of a monopolistically competitive representative firm was developed that maximizes its profits, subject to a demand function derived from a dynamic IS-LM aggregate demand function and cost conditions that reflect the outcome in an imperfect labor market. The conditions for the existence of...
| Publicado en: | American Economic Review Vol. 82; pp. 372 - 379 |
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| Formato: | Artículo |
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American Economic Association
May 1992
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| Acceso en línea: | Ver este registro en EBSCOhost |