CATASTROPHE THEORY AND THE BUSINESS CYCLE
作者:
HAL R. VARIAN,
期刊:
Economic Inquiry
(WILEY Available online 1979)
卷期:
Volume 17,
issue 1
页码: 14-28
ISSN:0095-2583
年代: 1979
DOI:10.1111/j.1465-7295.1979.tb00293.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
We use the approach of R. Thom's “Catastrophe Theory” to construct a generalization of Kaldor's 1940 trade cycle. The model allows for cyclic behavior which exhibits either rapid recoveries (recessions) or slow recoveries (depressio
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