| Record ID | ia:exploringgeneral0000blac_s7c7 |
| Source | Internet Archive |
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001 4244702
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006 m o d
007 cr cn|||||||||
008 940922s1995 mau ob 001 0 eng d
035 $a(OCoLC)ocm42922774
035 $a(NNC)4244702
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050 4 $aHB145$b.B54 1995eb
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049 $aZCUA
100 1 $aBlack, Fischer,$d1938-
245 10 $aExploring general equilibrium /$cFischer Black.
260 $aCambridge, Mass. :$bMIT Press,$c©1995.
300 $a1 online resource (xii, 318 pages)
336 $atext$btxt$2rdacontent
337 $acomputer$bc$2rdamedia
338 $aonline resource$bcr$2rdacarrier
504 $aIncludes bibliographical references (pages 263-284) and index.
520 $aThe general equilibrium approach, Black asserts, can be used to explain most of the economy's behavior. It can explain business cycles and growth without using sticky prices, irrationality, economies of scale, or imperfect competition. It can explain the volatility of consumption, output, sales, investment, and inventories with axiomatic utility and constant-returns-to-scale production. It can explain temporary layoffs, job changes with and without intervening unemployment, and the behavior of vacancies. It can explain lower wages in part-time jobs, wages that increase rapidly with time on the job, and the forces that cause migration from poor to rich countries.
520 8 $aAlthough the general equilibrium approach cannot be tested in conventional ways, it can be used to generate examples that explain stylized facts - generalized observations from the real world - that have preoccupied macroeconomists for the last decade. Black contrasts his interpretation of these facts with conventional views. Finally, he reviews a substantial body of literature on these topics.
588 0 $aPrint version record.
650 0 $aEquilibrium (Economics)
650 0 $aBusiness cycles.
650 6 $aCycles économiques.
650 7 $aBUSINESS & ECONOMICS$xEconometrics.$2bisacsh
650 7 $aBUSINESS & ECONOMICS$xStatistics.$2bisacsh
650 7 $aBusiness cycles.$2fast$0(OCoLC)fst00842457
650 7 $aEquilibrium (Economics)$2fast$0(OCoLC)fst00914547
650 17 $aEvenwichtsmodellen (Economie)$0(NL-LeOCL)096190817$2gtt
650 17 $aBusiness cycles.$2gtt
776 08 $iPrint version:$aBlack, Fischer, 1938-$tExploring general equilibrium.$dCambridge, Mass. : MIT Press, ©1995$z0262023822$w(DLC) 94036476$w(OCoLC)31288101
856 40 $uhttp://www.columbia.edu/cgi-bin/cul/resolve?clio4244702$zAll EBSCO eBooks
852 8 $blweb$hEBOOKS