Rationing Macroeconomics: A Graphical Exposition

Sneessens, Henri
(1984) European Economic Review — Vol. 26, n° 1/2, p. 187-201 (1984)

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  • Sneessens, HenriUniversité Catholique de Lille
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Abstract
(en) The paper provides a graphical exposition of the most significant results of comparative statics obtained in a four-market macroeconomic model with fixed commodity prices and wages. The main tool of analysis remains the usual IS-LM apparatus modified to account for the possibility of rationing on the goods as well as on the labour market.
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Sneessens, H. (1984). Rationing Macroeconomics: A Graphical Exposition. European Economic Review, 26(1/2), 187-201. https://doi.org/10.1016/0014-2921(84)90029-1 (Original work published 1984)