| Titre | The Instability of Market Economies | |
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| Auteur | Franck Portier | |
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Revue | Revue de l'OFCE (Observations et diagnostics économiques) |
| Numéro | no 157, septembre 2018 Whither the Economy? | |
| Page | 225-233 | |
| Résumé anglais |
The modern approach to macroeconomic fluctuations considers that the economy is fundamentally stable, and fluctuates around a stationary state because of exogenous shocks. This article presents some thoughts and avenues of research for a different approach in which the decentralised market economy may prove to be fundamentally unstable and thus fluctuates both endogenously and exogenously. This has implications for the conduct of macroeconomic stabilisation policies. Source : Éditeur (via Cairn.info) |
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| Article en ligne | http://www.cairn.info/article.php?ID_ARTICLE=REOF_157_0225 |
