Modern mainstream macroeconomics treats the economy “as if” always in equilibrium. Two older traditions, Monetarism and …-ordination of their activities are prior problems requiring attention before equilibrium can, or cannot, be assumed. They have …

resources at equilibrium; with a money-supply policy, the indeterminacy is real. Portfolio policy sets the portfolio of assets … that the monetary authority employs in open market operations; it determines the equilibrium if the policy is non … revenue at each dateevent determines equilibrium allocations and prices. long-lived nominally riskless assets can substitute …

is a non-trivial multiplicity of equilibrium paths of prices of commodities. Determinacy requires that, subject to no …-arbitrage and in addition to rates of interest, the prices of state-contingent revenues be set. – Money ; equilibrium …

short to medium run effects on financial stability are properly captured. -- general equilibrium ; financial fragility …

capital regulation in a general equilibrium setting. There are two types of money created and destructed: bank deposits, when …

uniqueness of equilibrium, the optimal inflation rate, and the occurrence of explosive hyperinflations. In consequence, the paper …