Monetary growth with disequilibrium: A non-Walrasian baseline model

Asada, 2006, Keynesian dynamics and the wage-price spiral: abaseline disequilibrium model, J. Macroecon., 28, 90, 10.1016/j.jmacro.2005.10.007 Asada, 2011, Stock-flow interactions, disequilibrium macroeconomics and the role of economic policy, J. Econ. Surv., 25, 569, 10.1111/j.1467-6419.2010.00661.x Azam, 1980, Money, growth and disequilibrium, Economica, 50, 325, 10.2307/2553974 Azariadis, 1981, Self-fulfilling prophecies, J. Econ. Theory, 25, 380, 10.1016/0022-0531(81)90038-7 Backhouse, 2012, Transforming Modern Macroeconomics: Exploring Disequilibrium Microfoundations, 1956–2003., 10.1017/CBO9781139150859 Barro, 1971, A general disequilibrium model of income and employment, Am. Econ. Rev., 61, 82 Bénassy, 1975, Neo-Keynesian disequilibrium theory in a monetary economy, Rev. Econ. Stud., 42, 503, 10.2307/2296791 Bénassy, 1983, The three regimes of the IS-LM model: anon-Walrasian analysis, Eur. Econ. Rev., 23, 1, 10.1016/0014-2921(83)90002-8 Bénassy, 1984, A non-Walrasian model of the business cycle, J. Econ. Behav, and Org., 5, 77, 10.1016/0167-2681(84)90027-1 Bénassy, 1986, Macroeconomics: An Introduction to the Non-Walrasian Approach. Benhabib, 1981, Some new results on the dynamics of the generalized tobin model, Int. Econ. Rev., 22, 589, 10.2307/2526160 Blad, 1982, Oscillations between repressed inflation and keynesian equilibria due to inertia in decision making, J. Econ. Theory, 28, 165, 10.1016/0022-0531(82)90097-7 Böhm, 1978, Disequilibrium dynamics in a simple macroeconomic model, J. Econ. Theory, 17, 179, 10.1016/0022-0531(78)90070-4 Böhm, V., 2017. Macroeconomic Theory.. Springer International Publishing. Burmeister, 1970, Mathematical Theories of Economic Growth. Caballero, 2018, The safety trap, Rev. Econ. Stud., 85, 223 Calvo, 2016, Algorithm 968: DISODE45: a matlab runge-kutta solver for piecewise smooth IVPs of filippov type, ACM Trans. Math. Software, 43, 1, 10.1145/2907054 Chiarella, 2000, The Dynamics of Keynesian Monetary Growth: Macro Foundations, 10.1017/CBO9780511492396 Chiarella, 2005, Foundations for a Disequilibrium Theory of the Business Cycle: Qualitative Analysis and Quantitative Assessment., 10.1017/CBO9780511492402 Chiarella, 2000, Disequilibrium, Growth and Labor Market Dynamics., 10.1007/978-3-662-04070-6 Chiarella, 2012, Reconstructing Keynesian macroeconomics, 1 Christiano, 2005, Nominal rigidities and the dynamic effects of a shock to monetary policy, J. Political Econ., 113, 1, 10.1086/426038 Christiano, 2018, On DSGE models, J. Econ. Perspect., 32, 113, 10.1257/jep.32.3.113 Clower, 1965, The keynesian counterrevolution: A theoretical appraisal Dupor, 2019, Sticky wages, private consumption, and fiscal multipliers, J. Macroecon., 62, 103, 10.1016/j.jmacro.2019.103157 Eckalbar, 1980, The stability of non-walrasian processes: two examples, Econometrica, 48, 371, 10.2307/1911102 Eggertsson, 2019, A model of secular stagnation: theory and quantitative evaluation, Am. Econ. J. Macroecon., 11, 1, 10.1257/mac.20170367 Farmer, R. E. A., 1999. The Macroeconomics of Self-fulfilling Prophecies, 0.2 ed.MIT Press, Cambridge, MA. Filippov, 1988, Differential Equations with Discontinuous Righthand Sides: Control Systems., 10.1007/978-94-015-7793-9 Fischer, 1972, Keynes-wicksell and neoclassical models of money and growth, Am. Econ. Rev., 62, 880 Flaschel, 1999, On the dominance of the Keynesian regime in disequilibrium growth theory: a note, J. Econ., 70, 79, 10.1007/BF01226145 Flaschel, 2001, A keynesian macroeconometric framework for the analysis of monetary policy rules, J. Econ. Behav. and Org., 46, 101, 10.1016/S0167-2681(01)00189-5 Flaschel, 1996, Classical dynamics in a general model of the keynes-wicksell type, Struct. Change and Econ. Dyn., 7, 401, 10.1016/S0954-349X(96)00051-3 Franke, 1992, Stable, unstable, and persistent cyclical behaviour in a Keynes-Wicksell monetary growth model, Oxf. Econ. Pap., 44, 242, 10.1093/oxfordjournals.oep.a042044 Galí, 2015, Monetary Policy, Inflation, and the Business Cycle: An Introduction to the new Keynesian framework and its applications. Grandmont, 1976, On temporary Keynesian equilibria, Rev. Econ. Stud., 43, 53, 10.2307/2296600 Green, 1981, Disequilibrium dynamics with inventories and anticipatory price-setting, Eur. Econ. Rev., 16, 199, 10.1016/0014-2921(81)90061-1 Hadjimichalakis, 1970, Equilibrium and disequilibrium growth with money - the tobin models, Rev. Econ. Stud., 38, 457, 10.2307/2296690 Hayakawa, 1984, A dynamic generalization of the tobin model, J. Econ. Dyn. and Control, 7, 209, 10.1016/0165-1889(84)90017-4 Hayashi, 1982, Tobin’S marginal q and average q: a neoclassical interpretation, Econometrica, 50, 213, 10.2307/1912538 Hildenbrand, 1978, On keynesian equilibria with unemployment and quantity rationing, J. Econ. Theory, 18, 255, 10.1016/0022-0531(78)90082-0 Honkapohja, 1980, Inventory dynamics in a simple disequilibrium macroeconomic model, Scand. J. Econ., 82, 184, 10.2307/3439854 Honkapohja, 1982, Disequilibrium dynamics with monetarist price expectations, Econ. Letters, 9, 69, 10.1016/0165-1765(82)90099-4 Howitt, 1985, Animal spirits, Am. Econ. Rev., 82, 493 Ito, 1980, Disequilibrium growth theory, J. Econ. Theory, 23, 380, 10.1016/0022-0531(80)90019-8 Karabarbounis, 2014, The global decline of the labor share, Q. J. Econ., 129, 61, 10.1093/qje/qjt032 Korliras, 1975, A disequilibrium macroeconomic model, Q. J. Econ., 89, 56, 10.2307/1881711 Levhari, 1968, The role of money in a simple growth model, Am. Econ. Rev., 58, 713 Malinvaud, E., 1977. The Theory of Unemployment Reconsidered.. Basil Blackwell, Oxford. Malinvaud, E., 1980. Profitability and Unemployment.. Cambridge University Press, Cambridge. Metzler, 1941, The nature and stability of inventory cycles, Rev. Econ. Stud., 23, 113 Muellbauer, 1978, Macroeconomic models with quantity rationing, Econ. J., 88, 788, 10.2307/2231979 Murakami, 2016, A non-warlasian microeconomic foundation of the “profit principle” of investment, 123 Neary, 1983, Towards a reconstruction of keynesian economics: expectations and constrained equilibria, Q. J. Econ., 98, 199, 10.2307/1885381 Ogawa, 2019, Dynamic analysis of a disequilibrium macroeconomic model with dual labor markets, Metroeconomica, 70, 525, 10.1111/meca.12255 Ogawa, 2022, Neoclassical stability and keynesian instability: a two-sector disequilibrium approach, Metroeconomica, 73, 481, 10.1111/meca.12372 Orphanides, A., Solow, R. M., Friedman, B. M., Hahn, F. H., 1990. Money, inflation and growth. In (eds.). Handbook of Monetary Economics, 1. Elsevier, 223–261. Palley, 2019, The fallacy of the natural rate of interest and zero lower bound economics: why negative interest rates may not remedy Keynesian unemployment, Rev. Keynes. Econ., 7, 151, 10.4337/roke.2019.02.03 Picard, 1983, Inflation and growth in a disequilibrium macroeconomic model, J. Econ. Theory, 30, 266, 10.1016/0022-0531(83)90108-4 Proaño, 2007, Gradual wage-price adjustments in Keynesian macrodynamics: evidence from the u.s. and the euro area, SCEPA working paper Proaño, 2011, Monetary policy and macroeconomic stability under alternative demand regimes, Camb. J. Econ., 35, 569, 10.1093/cje/beq031 Quandt, R., 1988. The Econometrics of Disequilibrium.. Basil Blackwell, Oxford. Rose, 1967, On the non-linear theory of the employment cycle, Rev. Econ. Stud., 34, 153, 10.2307/2296806 Rose, 1969, Real and monetary factors in the business cycle, J. Money, Credit and Bank., 1, 138, 10.2307/1991267 Sargent, T. J., 1987. Macroeconomic Theory,. 2 ed.Academic Press, Inc., London. Schoder, 2020, A Keynesian dynamic stochastic disequilibrium model for business cycle analysis, Econ. Model., 117, 10.1016/j.econmod.2019.06.006 Sgro, 1984, Portfolio balance and disequilibrium growth theory, Keio Econ. Stud., 21, 55 Sidrauski, M., a. J. political econ. 75(6), 796–810. 1967a. Inflation and economic growth. Sidrauski, 1967, Rational choice and patterns of growth in a monetary economy, Am. Econ. Rev., 57 Sneessens, 1984, Rationing macroeconomics: a graphical exposition, Eur. Econ. Rev., 26, 187, 10.1016/0014-2921(84)90029-1 Stein, 1966, Money and capacity growth, J. Political Econ., 75, 451, 10.1086/259199 Stein, 1969, “Neoclassical” and “Keynes-Wicksell” monetary growth models, J. Money, Credit and Bank., 1, 143, 10.2307/1991268 Stiglitz, 2018, Where modern macroeconomics went wrong, Oxford Rev. Econ. Policy., 34, 70 Tobin, 1955, A dynamic aggregative model, J. Political Econ., 63, 103, 10.1086/257652 Tobin, 1965, Money and economic growth, Econometrica, 33, 671, 10.2307/1910352 Tobin, 1969, A general equilibrium approach to monetary theory, J. Money, Credit and Bank., 1, 15, 10.2307/1991374 Villanueva, 1971, A neoclassical monetary growth model with independent savings and investment functions, J. Money, Credit and Bank., 3, 750, 10.2307/1991414 Weddepohl, 1993, Fixed price equilibria in an overlapping generations model with investment, J. Econ., 57, 37, 10.1007/BF01237436 Woodford, 1986, Stationary sunspot equilibria in a finance constrained economy, J. Econ. Theory, 40, 128, 10.1016/0022-0531(86)90011-6 Yoshikawa, 1980, On the “q” theory of investment, Am. Econ. Rev., 70, 739 Younès, 1974, On the role of money in the process of exchange and the existence of a non-wairasian equilibrium, Rev. Econ. Stud., 42, 489, 10.2307/2296790