disequilibrium is introduced by allowing for a sluggish adjustment of wages and prices. The model of the firm is complemented by …

for disequilibrium microfoundations to Keynesian macroeconomics. Third, Clower's (1967) project was to formulate a … disequilibrium monetary theory. Fourth, such a project failed because of Clower's (1965) approach to disequilibrium economics. …

are likely in disequilibrium. We develop a new methodology to improve the estimation of a reduced form disequilibrium …-indicator informed disequilibrium model includes as a special case the foundational model of Maddala and Nelson (1974). We demonstrate … market for anesthesiologists, a profession susceptible to disequilibrium. In this application, we find that our new …

with his Ph.D thesis and still continues, is important and deserves attention. It lies firmly in the Keynesian macro-disequilibrium …. However, the development of agent based modelling and behavioural economics will perhaps give disequilibrium macroeconomics a …

structural two-market disequilibrium model that can be estimated using full-information methods and applied to analyse housing …-market disequilibrium model specifications f or Lithuanian m onthly d ata. U sing t he model estimates, we identify the historical drivers …