Assenmacher, Walter:
Die Zeitstruktur des monetaristischen Konjunkturmodells von Laidler: Kritik und Modifikation. (With English summary.)
1991
In: Zeitschrift fur Wirtschafts- und Sozialwissenschaften, Band 111 (1991), S. 91 - 96
Artikel/Aufsatz in Zeitschrift1991Wirtschaftswissenschaften
Titel:
Die Zeitstruktur des monetaristischen Konjunkturmodells von Laidler: Kritik und Modifikation. (With English summary.)
Autor(in):
Assenmacher, WalterLSF
Erscheinungsjahr
1991
WWW URL
WWW URL

Abstract:

In D. Laidler's monetarist business cycle model, the time reference of the expected growth factor of price level is not clearly specified. Thus, there exist two possibilities of its interpretation. In both cases, the time structure of the model leads to shortcomings in its decision theoretical foundation. These weaknesses can be solved with reference to the monetarist paradigma and other concept of competitive temporary equilibrium without altering the dynamic properties of the model.