dc.contributor.author | Parchure, Rajas | |
dc.date.accessioned | 2016-01-14T10:45:45Z | |
dc.date.available | 2016-01-14T10:45:45Z | |
dc.date.issued | 2011-06 | |
dc.identifier.uri | http://hdl.handle.net/10973/38583 | |
dc.description | This paper is an inquiry into the question of the existence of equilibrium for a completely flexible monetary market economy from a theoretical standpoint that can be clumsily yet adequately labeled as ‘Classical-Keynesian’ or as ‘neo-Ricardian post-Keynesian’. In parallel with the neo-Walrasian investigations of this question, this paper too concludes that equilibrium does not exist. But it goes one step further to quantify and compute the general disequilibrium in the form of a ‘deflationary gap’, and it also shows how disequilibria, both of the deflationary and inflationary types, can be corrected by a coordinated application of fiscal and monetary policies. | en_US |
dc.language.iso | en_US | en_US |
dc.publisher | Gokhale Institute of Politics and Economics (GIPE), Pune (India) | en_US |
dc.relation.ispartofseries | GIPE Working Paper;No. 26 | |
dc.title | Money and General Disequilibrium: Economic Policies for the Integration of Monetary and Value Theories | en_US |
dc.type | Working Paper | en_US |