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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

Tag: disequilibrium

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
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