Publisher Summary This chapter reviews the recent literature on disequilibrium and
selectivity models. The cornerstone of the disequilibrium models is the minimum condition …

The paper aims at evaluating the efficiency of traditional Keynesian (demand) or neo-
classical (income) policies in the presence of an irregular sector. The analysis is applied to …

Macroeconomics: An Introduction to the Non-Walrasian Approach provides the approach to
macroeconomic theory based on the non-Walrasian method. This book presents the …

With a GDP of less than 100billionandexportsofmorethan 60 billion, Belgium comes perhaps
closer than any other country to being a 'small open economy'. Consequently, trends in …

The decline of employment in German manufacturing industries is often attributed to
technological advance, declines in demand and to increases in labor costs. Using business …

ÖZET Türkiye'de (2005: 01-2013: 07) döneminde işsizlikte histeri etkisi ile işsizlikte histeri
etkisinin araştırılmasında işsizlik oranları serisinin kullanılıp kullanılamayacağının …

We specify and estimate a small fix-price model with quantity rationing on both the goods
and labor markets. The side of the market which is rationed is random. The model is able to …

In this study, we test the validity of unemployment hysteresis in G7 countries over the period
of 1991–2019 using monthly data by suggesting a new unit root test that considers both …

The past decade has seen the econometric implementation of macroeconomic multi-market
fix-price models for a number of European countries. The procedure in use, the full …

Les annees 70 ont vu se realiser un pas important vers une comprehension meilleure des
problemes de chomage, suite notamment aux travaux de BARRO et GROSSMAN [1971] …