Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/1492 
Authors: 
Year of Publication: 
1991
Citation: 
[Journal:] Jahrbuch für Sozialwissenschaft [ISSN:] 0075-2770 [Volume:] 42 [Issue:] 2 [Publisher:] Vandenhoeck & Ruprecht [Place:] Göttingen [Year:] 1991 [Pages:] 224-233
Publisher: 
Vandenhoeck & Ruprecht, Göttingen
Abstract: 
In this paper an inflationary regime is added to the Metzlerian inventory cycle model. It is shown that for all originally instable parameter values the time paths are stabilized to limit cycle oscillations between the Keynesian and the inflationary regimes. This result is due to the fact that the inflationary regime reacts like an upper limit for economic activity. Therefore one contribution of disequilibrium economics to business cycle theory may be a consistent formulation of the ideas of ceilings and floors.
Document Type: 
Article
Document Version: 
Digitized Version

Files in This Item:
File
Size
431.96 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.