A Nonwalrasian Model of the Business Cycle
A Nonwalrasian Model of the Business Cycle
复制标题
经济周期的非瓦尔拉斯模型
DOI：
10.1016/0167-2681(84)90027-1
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发表时间：
1983
期刊：
影响因子：
--
通讯作者：
J. Bénassy
中科院分区：
文献类型：
--
作者：
J. Bénassy
本文展示了短期非瓦尔拉斯均衡的动态演化如何产生周期。系统的循环行为是不稳定加速效应和稳定价格效应共同作用的结果。相对于非线性循环理论的先前贡献，本文所提出的模型的新颖之处在于在短期内使用了非瓦尔拉斯均衡结构，并且无需为所涉及的各种函数假设任何特殊形状即可获得循环。此外，该模型还弥补了周期理论与传统的短期IS-LM分析之间的差距。
This paper shows how the dynamic evolution of a short-run non-Walrasian equilibrium can generate cycles. The cyclic behavior of the system results from the combination of an unstable accelerator and of stabilizing price effects. The novelties of the model presented in this paper with respect to previous contributions in non-linear cycle theory are the use of a non-Walrasian equilibrium structure in the short run, and the fact that a cycle is obtained without having to assume any ad hoc shape for the various functions involved. Moreover the model bridges the gap between cycle theory and the traditional short-run IS-LM analysis.