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  • Modeling Economic Instability: an History of early Macroeoonomics
    • Part I: Instability and cycles
    • Part II: Economic policy, instability and collapse
    • Part III: Coordination and global instability
  • Modeling Economic Instability in the Post-War Period

Category: Part II

Bridging comparative statics and dynamics in Samuelson’s 1941 IS-LM model

November 18, 2021 Michaël Assous and Vincent Carret

This post is based on parts of chapter 7 of our book that have already been published here. All comments…

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Posted in: Part II, Part III

Out of the beaten path: Lundberg’s take on instability

November 6, 2021 Michaël Assous and Vincent Carret

The idea that the economy can be fluctuating even if markets are at equilibrium was built into early macro-dynamic models.…

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Posted in: Part II, Part III Filed under: business cycle, disequilibrium

Priming the pump: on some lessons learned from Samuelson’s 1939 accelerator-multiplier model 

October 16, 2021 Michaël Assous and Vincent Carret

The Great Depression led to a profound renewal of how problems of governmental fiscal policy were tackled. With reference to…

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Posted in: Part II Filed under: cycle, economic policy

Back to the future: Meade meets M.E.A.D.E. in the person of Tinbergen

June 28, 2021 Michaël Assous and Vincent Carret

This post is based on parts of a working paper accessible here. All comments are welcomed. In a recent issue…

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Posted in: Part I, Part II

Tinbergen (1935): Wage policy and collapse

March 21, 2021 Michaël Assous and Vincent Carret

This post is based on some parts (mainly part I.2) of a working paper accessible here. All comments are welcomed.…

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Posted in: Part II Filed under: collapse, economic policy, wage changes
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