scholarly journals Macroeconomic Dynamics with Rigid Wage Contracts

2021 ◽  
Author(s):  
Tobias Broer ◽  
Karl Harmenberg ◽  
Per Krusell ◽  
Erik Öberg

2015 ◽  
Vol 49 ◽  
pp. 72-80 ◽  
Author(s):  
Muneya Matsui ◽  
Taiyo Yoshimi


2021 ◽  
Author(s):  
Tobias Broer ◽  
Karl Harmenberg ◽  
Per L. Krusell ◽  
Erik Öberg


2009 ◽  
pp. 90-97 ◽  
Author(s):  
V. Burlachkov

The article discusses turbulence of economic processes as a result of relative velocities of economic system elements. It is underlined that turbulence is the property of macroeconomic dynamics. The main reason of turbulence in economic system is the discrepancy between the velocity of deals contracting and the velocity of obligations executing. The process approach to the analysis of economic system as a set of processes is proposed. Using Lorentz transformations for turbulence analysis is discussed.



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