Disequilibrium goods market model for the U.S.A.: a disaggregated approach.

An approach known as smoothing by aggregation is paired with data for the period 1946-91 to show that the aggregate U.S. goods market is a disequilibrium market. Therefore, the Keynesian, rather than the new classical equilibrium framework, is more appropriate for analyzing the market. It is also...

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Bibliographic Details

Published in:	Southern Economic Journal Vol. 61; pp. 415 - 426
Main Author:	Bhaskara Rao, B.
Format:	Article
Published:	Southern Economic Association October 1994
Subjects:	Aggregation (Statistics) Mathematical models of supply & demand Economic equilibrium
Online Access:	View this record in EBSCOhost