The Coordination Problem in the Stockholm School

Romar Correa

Journal of Heterodox Economics, 2015, vol. 2, issue 2, 138-150

Abstract: We revisit the Stockholm School of Economics with first principles. The objective is a rendition of a cumulative Myrdal-Wicksell process. To that end, we derive heterogeneous responses of consumers and producers to changes in the state of the world and define a Myrdal-Keynes equilibrium.

Keywords: monetary equilibrium; cumulative processes; the coordination problem (search for similar items in EconPapers)
JEL-codes: B22 E31 E42 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:joheec:v:2:y:2015:i:2:p:138-150:n:3

DOI: 10.1515/jheec-2015-0016

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