Download or read book Temporary Equilibrium and Long Run Equilibrium Routledge Revivals written by Willem H. Buiter and published by Routledge. This book was released on 2014-06-27 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title, first published in 1979, presents the Ph.D. thesis of the world-renowned economist and financial expert, Willem Buiter. In Part I, three alternative specifications of temporary equilibria in asset markets, including their implications for macroeconomic models, are discussed; Part II examines the long-term implications of some short-term macroeconomic models. The analysis of the theoretical foundations of ‘direct crowding out’ and ‘indirect crowding out’ is particularly prominent, with the result that a synthesis of short-term macroeconomic analysis and long-term growth theory is formulated. The traditional tools of comparative dynamics and stability analysis are employed frequently. However, it is also argued that the true scope of government policy can only be adequately evaluated with the aid of concepts such as dynamic and static controllability. Temporary Equilibrium and Long-Run Equilibrium is a valuable study, and relevant for all serious students of modern economic theory.
Download or read book Temporary Equilibrium and Long Run Equilibrium written by Willem H. Buiter and published by . This book was released on 1975 with total page 594 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Studies in the History of Long run Equilibrium Theory written by Tom Kompas and published by Manchester University Press. This book was released on 1992 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the theories of Walras and Wicksell.
Download or read book Temporary Equilibrium written by Jean-Michel Grandmont and published by . This book was released on 1988 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: The collection of journal articles reproduced in this volume provides a synthesis of the progress made in the last 15 years in the theory of temporary equilibrium. Key Features * Decision making * Competitive assets markets * Models of money * Deterministic dynamics * Stochastic processes * Quantity rationing
Download or read book Temporary Equilibrium and Long Run Equilibrium Routledge Revivals written by Willem H. Buiter and published by Routledge. This book was released on 2014-06-27 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title, first published in 1979, presents the Ph.D. thesis of the world-renowned economist and financial expert, Willem Buiter. In Part I, three alternative specifications of temporary equilibria in asset markets, including their implications for macroeconomic models, are discussed; Part II examines the long-term implications of some short-term macroeconomic models. The analysis of the theoretical foundations of ‘direct crowding out’ and ‘indirect crowding out’ is particularly prominent, with the result that a synthesis of short-term macroeconomic analysis and long-term growth theory is formulated. The traditional tools of comparative dynamics and stability analysis are employed frequently. However, it is also argued that the true scope of government policy can only be adequately evaluated with the aid of concepts such as dynamic and static controllability. Temporary Equilibrium and Long-Run Equilibrium is a valuable study, and relevant for all serious students of modern economic theory.
Download or read book Temporary Equilibrium written by Jean-Michel Grandmont and published by . This book was released on 1988 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Some Aspects of the Theory of Short Run Equilibrium written by Daniel Stanley Christiansen and published by . This book was released on 1975 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Studies in the History of Long run Equilibrium Theory written by Thomas Frank.* Kompas and published by . This book was released on 1989 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book General Equilibrium Capital and Macroeconomics written by Fabio Petri and published by Edward Elgar Publishing. This book was released on 2004-01-01 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Fabio Petri has been a persistent critic of marginalist theories of value and distribution. In this provocative book, he presents an extensive scrutiny of the reasons why many economists are unsatisfied with the Neo-Walrasian approach to General Equilibrium theory and why some reject it altogether. General Equilibrium, Capital and Macroeconomics throws down a challenge to all economic theorists.' - Neri Salvadori, University of Pisa, Italy 'General Equilibrium, Capital and Macroeconomics is a thorough and deep book. It contains a remarkably clear and precise statement of the conceptual, methodological and analytical difficulties besetting the demand and supply approach to economics as it is advocated in partial and general equilibrium models, old and new, micro and macro. This work covers essential parts of modern economics, it is well written and the subject matter is carefully arranged. The book will be of interest to a wide range of economists.' - Heinz D. Kurz, University of Graz, Austria This book argues that the shift in general equilibrium theory, from its early long-period to the modern very-short-period versions, has had very important consequences which are insufficiently appreciated by large parts of the economics profession. This shift has produced new difficulties, and has undermined central tenets of neoclassical macroeconomic theory (such as the negative dependence of aggregate investment on the interest rate, or the existence of a downward-sloping demand curve for labour) which had their basis in the long-period versions where capital was treated as a single factor.
Download or read book Temporary Equilibrium Expectations and Notional Spillovers written by Christopher J. Ellis and published by . This book was released on 1980 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Heterogeneity and Dynamics of Temporary Equilibria written by Isabelle Maret and published by . This book was released on 1994 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Temporary Equilibrium Disequilibrium and Economic Fluctuations written by Wai-Man Tse and published by . This book was released on 1989 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Stationary Temporary Equilibrium in a General Model of Optimal Accumulation and Trade written by Manjira Datta and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the movement of market-clearing prices in an intertemporal general equilibrium framework and, in particular, proves the existence of a stationary temporary equilibrium. A model of a competitive economy is developed which consists of several "small" countries engaged in consumption, production and trade. Following Hicks, one way to look at the evolution of an economic system is to view it as a succession of temporary competitive equilibria. The aspect of stationarity is interesting because if the sequence of temporary equilibria converges to a steady-state, it must converge to a stationary temporary equilibrium. A linear-logarithmic economy exhibits convergence.
Download or read book A Theory of General Short run Equilibrium written by Donald Marion Fort and published by . This book was released on 1944 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital and Credit written by Michio Morishima and published by Cambridge University Press. This book was released on 1994-03-25 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contemporary general equilibrium theory is characteristically short-run, separated from monetary aspects of the economy, and as such does not deal with long-run problems such as capital accumulation, innovation, and the historical movement of the economy. These phenomena are discussed by growth theory, which assumes a given or shifting production function, and in turn cannot therefore deal with the fundamental problem of growth, namely how the production function is derived. Thus traditional theories have a common weakness in that they divorce real economic growth from the activities of the financial sector. This book provides a much-needed synthesis of growth theory and monetary theory. Professor Morishima draws on the work of Schumpeter, Keynes and the pre-war neoclassical economists to formulate a capital-theoretic general equilibrium theory.
Download or read book Temporary Monetary Equilibrium Theory written by Kuan-Pin Lin and published by Dissertations-G. This book was released on 1984 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Temporary Equilibrium with Rationed Borrowing and Consistent Plans written by Roberto Francesco Cippà and published by . This book was released on 1985 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt:
