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Intertemporal macroeconomic equilibrium
1999Macroeconomic models with imperfect competition have been investigated intensively over the past two decades. Most of these models abstract from aggregation issues and consider representative agent economies with three types of goods: labor, a consumption good, and fiat money.
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On Macroeconomic Equilibrium with Stochastic Rationing
The Scandinavian Journal of Economics, 1985The purpose of this paper is to apply the ideas of stochastic rationing mechanisms to a simple disequilibrium macroeconomic model. It has been shown that effective demands with stochastic rationing, as opposed to those derived from deterministic constraints (the Clower-Benassy or Dreze effective demand), are consistent with the maximization of expected
Seppo Honkapohja, Takatoshi Ito
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General Equilibrium, Capital and Macroeconomics
2004Neoclassical theory has undergone a radical shift from long-period general equilibirum models to neo-Walrasian general equilibirum models which, owing to given endowments of each capital good, allow no time-consuming disequilibria. This shift is a cause of much-lamented sterility of modern neoclassical analyses.
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Different Forms of Macroeconomic Equilibrium
1999The objective of economic models is to explain the series of interactions among the following major sectors of the macroeconomy: the product market, the labour market, the monetary sector and the expenditure sector. Out of such sectoral interactions is established finally a potential level of output for the economy as a whole.
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Empirical Relationship Between Macroeconomic Variables and Stock Market: Evidence from India
Management and Labour Studies, 2022Miklesh Prasad Yadav, Nandita Mishra
exaly
Scenario Analysis on the Macroeconomic Impact of COVID-19: A Computable General Equilibrium Approach
Emerging Markets Finance and Trade, 2022Ma Xinxin
exaly
Pension financing and macroeconomic equilibrium [PDF]
Financing pension systems necessitates that actual output is redistributed from workers and entrepreneurs actually in activity in favour of retirees. Therefore, in a closed economy, the return on accrued pension funds, to be distributed to pensioners, is ceiled by the real growth of income, unless the share of income levied on active workers increases ...
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