GENERAL AND PARTIAL EQUILIBRIA IN A CONSUMPTION ECONOMY

José Manuel Gutiérrez

Metroeconomica, 2008, vol. 59, issue 1, pages 57-73

Abstract: We consider a simple aggregative consumption economy, where there is a market for commodities and four financial markets: for bonds, deposits, credits and some speculative asset. There is a Wicksellian central bank. The existence of temporary equilibrium is discussed by considering partial equilibria in the different markets. Copyright © 2008 The Author; Journal compilation © 2008 Blackwell Publishing Ltd.

Date: 2008

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