• Corpus ID: 230694047

Monetary Growth with Disequilibrium: a Non-Walrasian baseline model

@inproceedings{Ogawa2020MonetaryGW,
  title={Monetary Growth with Disequilibrium: a Non-Walrasian baseline model},
  author={Shogo Ogawa},
  year={2020}
}
In this study, we present a baseline monetary growth model for disequilibrium macroeconomics. Our model is similar to the existing Keynes-Wicksell models, but we highlight a characteristic of disequilibrium (non-Walrasian) macroeconomics, that is, the regime dividing in the static model. In addition, since we synthesize demand-side factors (Keynesian) and supply-side factors (neo-classical), we find a new effect on dynamical feedback loops, that is, the dual-decision effect. This new effect… 
Numerical analysis of the disequilibrium monetary growth model: secular stagnation, slow convergence, and cyclical fluctuations
This study presents a monetary disequilibrium growth model and conducts numerical simulations to investigate how dynamic paths are affected by the initial conditions and the parameters of expectation

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