Copied Regime Transitions, Spillovers and Buffer Stocks
Regime Transitions, Spillovers and Buffer Stocks
This book develops a macro disequilibrium model, focusing on the production sector and the associated spillover effects. Firms' decisions on investment, output supply and labor demand are analysed on basis of an approach involving excess demand, profitability and relative prices. As a novelty in such an analysis, inventories and unfilled orders act as buffer stocks.
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