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Temporary Equilibrium and Long-Run Equilibrium (Routledge Revivals) book cover

1st Edition

Temporary Equilibrium and Long-Run Equilibrium (Routledge Revivals)

By Willem H. Buiter Copyright 1979
328 Pages
by Routledge

328 Pages
by Routledge

328 Pages
by Routledge
Also available as eBook on:
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... Read more

Part I: Some Alternative Notions of Demand and Supply in Asset Markets  1. Three Alternative Specifications of Temporary Equilibrium in Asset Markets  2. The Effect of Alternative Specifications of Temporary Equilibrium in Asset Markets on Short-Run Comparative Statics in Some Simple Macro Models;  Part II: The Long-Run Implications of Short-Run Models  3. Direct Crowding Out  4. Indirect Crowding Out  5. Government Policy in a Growing Economy  6. Controllability, Stabilisation and Optimisation;  Appendix 1: Stability in the Full Employment Model for the G’ Policy;  Appendix 2: Stability, Controllability, Stabilisation and Optimisation;  Appendix 3: Two Kinds of Adjustment Processes;  Bibliography

Biography

Willem H. Buiter

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