Quarterly Journal of Economics Vol. 82 No. 4 1968

Stochastic Stability of Short-Run Market Equilibrium Under Variations in Supply

Stephen J. Turnovsky^1,2

¹ California University of Pennsylvania · ² University of Pennsylvania

Abstract

I. Introduction, 666. — II. Expectations and deterministic stability, 668. — III. Stochastic stability, 672. — IV. Stochastic stability of simple first order system, 675. — V. Stochastic stability of short-run fluctuations, 676. — VI. Stochastic stability with autocorrelated disturbances, 680. — VII. Concluding remarks, 681.

DOI

10.2307/1879606

Volume

82

Issue

4

Pages

666

Sources

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Cite

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