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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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  • Bignami, Fernando & Colombo, Luca & Weinrich, Gerd, 2004. "Complex business cycles and recurrent unemployment in a non-Walrasian macroeconomic model," Journal of Economic Behavior & Organization, Elsevier, vol. 53(2), pages 173-191, February.
    • Handle: RePEc:eee:jeborg:v:53:y:2004:i:2:p:173-191
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    References listed on IDEAS

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    1. Gerd Weinrich, 1997. "Endogenous fixprices and sticky price adjustment of risk-averse firms," Journal of Economics, Springer, vol. 66(3), pages 283-305, October.
    2. Bean, Charles R, 1994. "European Unemployment: A Survey," Journal of Economic Literature, American Economic Association, vol. 32(2), pages 573-619, June.
    3. Weinrich, Gerd, 1984. "On the theory of effective demand under stochastic rationing," Journal of Economic Theory, Elsevier, vol. 34(1), pages 95-115, October.
    4. Shaked, Avner & Sutton, John, 1984. "Involuntary Unemployment as a Perfect Equilibrium in a Bargaining Model," Econometrica, Econometric Society, vol. 52(6), pages 1351-1364, November.
    5. Shapiro, Carl & Stiglitz, Joseph E, 1984. "Equilibrium Unemployment as a Worker Discipline Device," American Economic Review, American Economic Association, vol. 74(3), pages 433-444, June.
    6. Ball, Laurence & Romer, David, 1991. "Sticky Prices as Coordination Failure," American Economic Review, American Economic Association, vol. 81(3), pages 539-552, June.
    7. George A. Akerlof & Janet L. Yellen, 1985. "A Near-Rational Model of the Business Cycle, with Wage and Price Inertia," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 100(Supplemen), pages 823-838.
    8. Lars E. O. Svensson, 1980. "Effective Demand and Stochastic Rationing," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 47(2), pages 339-355.
    9. Douglas Gale, 1981. "Large Economies with Trading Uncertainty: A Correction," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 48(2), pages 363-364.
    10. Douglas Gale, 1979. "Large Economies with Trading Uncertainty," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 46(2), pages 319-338.
    11. Green, Jerry, 1980. "On the Theory of Effective Demand," Economic Journal, Royal Economic Society, vol. 90(358), pages 341-353, June.
    12. Weinrich, Gerd, 1997. "Endogenous Fixprices and Sticky Price Adjustment of Risk-averse Firms," MPRA Paper 6302, University Library of Munich, Germany.
    13. 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, 2003. "Unemployment and Inventories in the Business Cycle," Computing in Economics and Finance 2003 156, Society for Computational Economics.
    2. 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.
    3. Francesco Saraceno, 2003. "Wage Regimes, Accumulation and Finance Constraints: Keynesian Unemployment Revisited," Macroeconomics 0311007, University Library of Munich, Germany.
    4. repec:hal:spmain:info:hdl:2441/6762 is not listed on IDEAS
    5. Robert Jump, 2014. "Animal spirits and unemployment: a disequilibrium analysis," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 9(2), pages 255-274, October.
    6. Gerd Weinrich & Luca Colombo, 2005. "Money, Inventories and Underemployment in Deflationary Recessions," Computing in Economics and Finance 2005 156, Society for Computational Economics.

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