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Foundations for a Disequilibrium Theory of the Business Cycle - Chiarella, Carl (University of Technology, Sydney) a Flaschel, Peter (Universitat Bielefeld, Germany) a Franke, Reiner (Technische Universitat Wien, Austria)

An advanced model of economic activity, inflation and income distribution in a Keynesian spirit is developed in this book. The model is used to produce macroeconomic simulation studies and a detailed study of the macroeconomic impact of various monetary policy rules. It will appeal both to theorists and economic policy-makers.

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