Economic Theory, Vol. 21, No. 2/3, Symposium in Honor of Mordecai Kurz (Mar., 2003), pp. 347-397 (51 pages) We build a one-period general equilibrium model with money. Equilibrium exists, and fiat ...
Explore John R. Hicks' impact on economics, including his Nobel-winning work in general equilibrium and welfare theory, and ...
This paper introduces a new curve in the familiar IS-LM graph. The points on this curve correspond to long run equilibria in the capital and labor factor markets. A graphical analysis is developed to ...
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