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Complex business cycles and recurrent unemployment in a non-Walrasian macroeconomic model

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  • Bignami, Fernando
  • Colombo, Luca
  • Weinrich, Gerd

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Behavior & Organization.

Volume (Year): 53 (2004)
Issue (Month): 2 (February)
Pages: 173-191

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Handle: RePEc:eee:jeborg:v:53:y:2004:i:2:p:173-191

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  1. Gale, Douglas, 1979. "Large Economies with Trading Uncertainty," Review of Economic Studies, Wiley Blackwell, vol. 46(2), pages 319-38, April.
  2. Svensson, Lars E O, 1980. "Effective Demand and Stochastic Rationing," Review of Economic Studies, Wiley Blackwell, vol. 47(2), pages 339-55, January.
  3. Green, Jerry, 1980. "On the Theory of Effective Demand," Economic Journal, Royal Economic Society, vol. 90(358), pages 341-53, June.
  4. Gale, Douglas, 1981. "Large Economies with Trading Uncertainty: A Correction," Review of Economic Studies, Wiley Blackwell, vol. 48(2), pages 363-64, April.
  5. Shaked, Avner & Sutton, John, 1984. "Involuntary Unemployment as a Perfect Equilibrium in a Bargaining Model," Econometrica, Econometric Society, vol. 52(6), pages 1351-64, November.
  6. C Bean, 1992. "European Unemployment: A Survey," CEP Discussion Papers dp0071, Centre for Economic Performance, LSE.
  7. Gerd Weinrich, 1997. "Endogenous fixprices and sticky price adjustment of risk-averse firms," Journal of Economics, Springer, vol. 66(3), pages 283-305, October.
  8. Ball, Laurence & Romer, David, 1991. "Sticky Prices as Coordination Failure," American Economic Review, American Economic Association, vol. 81(3), pages 539-52, June.
  9. Weinrich, Gerd, 1984. "On the theory of effective demand under stochastic rationing," Journal of Economic Theory, Elsevier, vol. 34(1), pages 95-115, October.
  10. Shapiro, Carl & Stiglitz, Joseph E, 1984. "Equilibrium Unemployment as a Worker Discipline Device," American Economic Review, American Economic Association, vol. 74(3), pages 433-44, June.
  11. Weinrich, Gerd, 1997. "Endogenous Fixprices and Sticky Price Adjustment of Risk-averse Firms," MPRA Paper 6302, University Library of Munich, Germany.
  12. Honkapohja, Seppo & Ito, Takatoshi, 1985. " On Macroeconomic Equilibrium with Stochastic Rationing," Scandinavian Journal of Economics, Wiley Blackwell, vol. 87(1), pages 66-88.
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Cited by:
  1. Gerd Weinrich & Luca Colombo, 2005. "Money, Inventories and Underemployment in Deflationary Recessions," Computing in Economics and Finance 2005 156, Society for Computational Economics.
  2. Francesco Saraceno, 2004. "Wage Regimes, Accumulation and Finance Constraints: Keynesian Unemployment Revisited," Documents de Travail de l'OFCE 2004-01, Observatoire Francais des Conjonctures Economiques (OFCE).
  3. Gerd Weinrich & Luca Colombo, 2003. "Unemployment and Inventories in the Business Cycle," Computing in Economics and Finance 2003 156, Society for Computational Economics.
  4. Luca Colombo & Gerd Weinrich, 2006. "The Role of Expectations in a Macroeconomic Model with Inventories," Computing in Economics and Finance 2006 65, Society for Computational Economics.

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