Excess demand
The Excess Demand Theory of Money
... The excess demand theory of money is compatible with the Keynesian, the neoclassical and the Post Keynesian interest ...liquidity demand with respect to Keynes’ original ...
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On the Existence of Price Equilibrium in Economies with Excess Demand Functions
... When preferences and production sets are strictly convex, excess demand from the Walrasian pricing rule is a function rather than a correspondence. In this case, it can be defined only on the open price ...
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A short note on the problematic concept of excess demand in asset pricing models with mean variance optimization
... of demand it is reasonably also the aggregate differences between the agents’ desired and actual holdings that constitute the period t excess demand d t on the market, and not the sum of the desired ...
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Balancing Queueing Systems With Excess Demand
... with demand rate μ = 648 proposals per year and that the arrivals of sponsors into the queue follow a Poisson process with supply rate λ = 432 donors per ...of excess demand in the queue (not having ...
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Excess demand and investment in the United Kingdom
... Then, at the prices assumed for 1948, Government expenditure and investment are £438 million less than in 1947, while the increase in exports necessary to reduce overseas borrowing to £2[r] ...
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The quarterly demand for Australian imports : a simple quarterly econometric model of Australia to explain imports
... The model is based on the hypothesis that variations in the demand for imports are explained by variations in aggregate demand, demand for exports, excess demand and import prices relati[r] ...
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Linkage between Microfinance participation and securing Employment through MGNREGP
... can demand more job under the scheme from local panchayet because they can now meet and interact more with government officials and know the procedure of demanding job through ...no excess demand in ...
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The existence of equilibrium without fixed point arguments
... the excess demand correspondence that is related to, but weaker than, the weak axiom of revealed preference ...hemicontinuous excess demand correspondences satisfying this WARP-related ...
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Equilibrium in a Non Interest Open Economy
... an excess demand for equity shares, and as a result of an instantaneous portfolio adjustment, part of increase in real cash balances is exchanged for additional equity ...
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Strict diagonal dominance in asymptotic stability of general equilibrium
... Assumption (i) means that none of the commodities has a zero equilibrium price. Assump- tion (ii) means that each ‘own-good’ price effect dominates the sum of the effects of the respective price on all other markets. ...
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Application of the discrete separation theorem to auctions
... For each i ∈ N, Gul and Stacchetti (2000) called the above minimum value the requirement function and interpreted it as follows: “the minimal number of objects in A that she would need to construct any of her optimal ...
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Short term fluctuations in Scottish output, employment and unemployment
... 2.2.4 Unemployment representation and the regional PC The excess demand for labour equations are linked to Quarterly Economic Commentary where u is the natural logarithm of Scottish unem[r] ...
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Economic calculation: private property or several control?
... Dealing with the contention of Hayek and Robbins that planners would have to solve vastly many equations – that is, excess demand equations in a Walrasian general equilibrium setting – L[r] ...
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Free migration between the EU and Switzerland: Impacts on the Swiss economy and implications for monetary policy
... insufficient demand in the labor ...facing excess demand at p are assumed to raise the price p sufficiently above p in order to eliminate excess ...goods demand so that the various ...
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Price Flexibility and Full Employment : A Common Misconception
... that demand equals supply (i.e. excess demand equals zero) throughout the ...n excess demand equations with which to determine the n–1 relative ...
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Households Credits, Financial Intermediation and Monetary Policies
... is reduced by the enhancement of informational asymmetries between lenders and borrowers [15]), and risk- taking (credit availability is reduced by the increasing risk aversion of lenders [17]) channels of monetary ...
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A combinatorial lemma and its applications
... In the paper [], we stated and proved a combinatorial lemma with the help of which we then showed the existence of a zero for an excess demand functions and Brouwer’s fixed point theorem. We also stated ...
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The existence of equilibrium in a simple exchange model
... The main goal of the paper is to give a new proof of the fact that for each excess demand function there exists an equilibrium point. First, we are going to characterize the behavior of z near the ...
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The Argentine Macroeconomy during the Post Convertibility Period: Performance, Debates and Perspectives
... an excess supply in the foreign exchange market must necessarily imply an excess demand in some other market of the ...an excess in the demand for goods, the adjustment could take place ...
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Relationships Between Prior Experiences, Current Teaching Contexts, and Novice Teachers' Use of Concrete Representation for Mathematics Instruction
... examined the ability of the gift-exchange model from economics, founded on reciprocity, to function as a suitable control. Within the social context of an experimental labor market, I examine the relationship between the ...
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