Unanticipated money, ‘disequilibrium’ modelling and rational expectations
Autor: | Kenneth W. Clements, Peter D. Jonson |
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Rok vydání: | 1979 |
Předmět: | |
Zdroj: | Economics Letters. 2:303-308 |
ISSN: | 0165-1765 |
DOI: | 10.1016/0165-1765(79)90040-5 |
Popis: | This paper provides a synthesis of two recent approaches to macroeconomics, rational expectations and disequilibrium macromodelling. The unifying theme of the two approaches is the emphasis on the effects of the difference between actual and anticipated (or equilibrium) values of important variables such as the money supply. |
Databáze: | OpenAIRE |
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