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General Equilibrium and Business Cycles

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NBER1982-08-01 更新2025-01-04 收录
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The general equilibrium models in this paper, with complete markets, can give the major features of business cycles. The models include real investment, but information is costless and is available to everyone at the same time. Fluctuations in the match between resources and wants across many

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1982-08-01
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