Economics, Econometrics and Finance
8 years ago

New model predicts economic shifts, revolutionizing understanding of non-equilibrium economy.

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Science Bulletin
Using a general equilibrium model for the non-equilibrium economy
Maksim Sergeyevich Perlov, V.V. Kiselev

Paper Summary

The article explores how a general equilibrium model can be used to understand the economy, even when it's not in perfect balance. The researchers found that this model can help predict how changes in one part of the economy can affect other parts, giving a more complete picture of how things work together.

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