作者：Gong Gang and Gao Yang

发布日期：2014年8月

摘要： We study economic fluctuation and business cycles from the perspective of stabilizing and destabilizing mechanism. While recognizing the existence of stabilizing mechanism, such as price adjustment among others, whether there exist other mechanisms to destabilize the economy? We find that as earlier as in 1939, Harrod had already proved the existence of destabilization mechanism---the firm's inves

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