Abstract
Macroeconomic theory now recognizes that a number of phenomena have their origin in incomplete market clearing. Rigorous consolidation of this theory, as well as its development in new directions, requires models in which some disequilibria explicitly appear. This is why the Barro-Grossman model proves to be so pedagogical.
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© 1982 D. Reidel Publishing Company
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Malinvaud, E. (1982). An Econometric Model for Macro-Disequilibrium Analysis. In: Hazewinkel, M., Kan, A.H.G.R. (eds) Current Developments in the Interface: Economics, Econometrics, Mathematics. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-7933-8_22
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DOI: https://doi.org/10.1007/978-94-009-7933-8_22
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