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General And Partial Equilibria In A Consumption Economy

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  • José Manuel Gutiérrez

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.

Suggested Citation

  • José Manuel Gutiérrez, 2008. "General And Partial Equilibria In A Consumption Economy," Metroeconomica, Wiley Blackwell, vol. 59(1), pages 57-73, February.
    • Handle: RePEc:bla:metroe:v:59:y:2008:i:1:p:57-73
    DOI: 10.1111/j.1467-999X.2007.00291.x
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    1. Aloisio Araujo & Mário Rui Páscoa & Juan Pablo Torres-Martínez, 2002. "Collateral Avoids Ponzi Schemes in Incomplete Markets," Econometrica, Econometric Society, vol. 70(4), pages 1613-1638, July.
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