Cuddington, John T., Per-Olov Johansson and Karl-Gustaf Löfgren. (1984). Disequilibrium macroeconomics in open economies. Oxford, England: B. Blackwell.
This work examines fixed-price models, where prices are exogenously imposed on the model.
Friday, May 2, 2008
Cuddington, et. al.: Disequilibrium Macroeconomics in Open Economies
Labels:
Economic Modeling,
Equilibrium Seeking