The Ad-As Model and its Solutions: Some New Results in A Disequilibrium Perspective

Chirco, Alessandra ; Colombo, Caterina (1996) The Ad-As Model and its Solutions: Some New Results in A Disequilibrium Perspective. Bologna: Dipartimento di Scienze economiche DSE, p. 26. DOI 10.6092/unibo/amsacta/5073. In: Quaderni - Working Paper DSE (241). ISSN 2282-6483.
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Abstract

This paper extends the disequilibrium approach to aggregate demand and aggregate supply to situation in which the level of the fixed nominal wage is compatible with shortage of labour. We show that discontinuities arise in the AD-AS curves and that only a 'one sided,, not bilaterally stable equilibrium exists, which corresponds to the underconsumption regime. In order to show peculiarities, this extends AD-AS framework is then applied to a standard policy problem.

Abstract
Tipologia del documento
Monografia (Working paper)
Autori
AutoreAffiliazioneORCID
Chirco, Alessandra
Colombo, Caterina
Settori scientifico-disciplinari
ISSN
2282-6483
DOI
Data di deposito
28 Apr 2016 09:34
Ultima modifica
28 Apr 2016 09:34
URI

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