Titlebook: Quantum Theory; A Mathematical Appro Peter Bongaarts Textbook 2015 Springer Nature Switzerland AG 2015 Coherent States.Group Representation

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Regime Switching and the Wage-Price Spiralin the long run. What is needed is a model that can permit rapidly changing wages and prices in the short to medium run, but which does not lead to explosive behavior in the long run. One way of dealing with this problem is to assume a business cycle perspective and to formulate a model that permits changes in regime.

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