A Working Model of Slump and Recovery from Disturbances to Capital-Goods Demand in a Closed Non-Monetary Economy.
Certain long swings in activity may involve one or more non-monetary mechanisms not yet studied. Unlike the fundamentally classical 'real' theory of the business cycle refined in this decade, the emerging line of 'real' models called structuralist, such as the model here, hinges...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1988.
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| Series: | IMF Working Papers; Working Paper ;
No. 1988/082 |
| Online Access: | Full text available on IMF |