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THE SIGNIFICANCE OF MONETARY DISEQUILIBRIUM
MONETARY DISEQUILIBRIUM macroeconomic fluctuations Monetary Disequilibrium
2008/12/5
Among theories of macroeconomic fluctuations that accord a major
role to money, at least three rivals confront each other nowadays.
One is orthodox monetarism—4’themonetary disequilibrium hypothesis...
CAN MONETARY DISEQUILIBRIUM BE ELIMINATED?
MONETARY DISEQUILIBRIUM price inflation monetary disturbances
2008/12/3
“Real” factors, such as the oil shocks of 1973—74 and 1979, can
play some role in macroeconomic fluctuations (see Hamilton 1988,
Strongin 1988, and writings cited there). Yet even such shocks have
...