stable equilibrium in combination with rational expectations allow the conclusion that a built-in process of quick self … equilibrium and of strong disequilibrium. Hence the paper ends with the proposal to utilize a number of sub-models each one of …

equilibrium system, and therefore loanable funds …

of medium of exchange, money. The core microfoundation in this model comes from the Arrow-Debreu general equilibrium …

The monetary economy has properties that cannot be analyzed using the tools of today's dynamic general equilibrium … trading at "false" prices, a phenomenon ruled out by assumption in dynamic general equilibrium models. Not only Keynes … thought of as relying on this factor. -- Crises ; money ; monetary economy ; general equilibrium ; cycles ; sticky prices …

This paper analyses two types of models: 1. Those based on assumptions of monetary and financial market equilibrium …

Neoclassical economics is bifurcated between Marshall’s partial-equilibrium and Walras’s general-equilibrium analyses … flexibility leads to equilibrium derives from Marshallian PE analysis, with prices equilibrating supply and demand. But … Marshallian PE analysis presumes that all markets, but the small one being analyzed, are at equilibrium, so that price adjustments …