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Static Models of the Edgeworth CycleNicolas De RoosUniversity of Sydney June 14, 2012 Abstract: We provide a reduced form model that encompasses a range of static explanations for the Edgeworth cycle. The model distills two common features that lie behind a range of intuitive explanations for Edgeworth cycles: discontinuity in demand and a positive residual demand.
Number of Pages in PDF File: 3 Keywords: Edgeworth cycles JEL Classification: L13 working papers seriesDate posted: June 15, 2012Suggested CitationContact Information
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