The Nature of Equilibrium in Macroeconomics: A Critique of Equilibrium Search Theory
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Other versions of this item:
- Aoki, Masanao & Yoshikawa, Hiroshi, 2009. "The nature of equilibrium in macroeconomics: A critique of equilibrium search theory," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy (IfW), vol. 3, pages 1-9.
References listed on IDEAS
- Hideaki Aoyama & Hiroshi Yoshikawa & Hiroshi Iyetomi & Yoshi Fujiwara, 2008. "Productivity Dispersion: Facts, Theory, and Implications," Papers 0805.2792, arXiv.org.
- Aoki, Masanao, 2008.
"Thermodynamic limits of macroeconomic or financial models: One- and two-parameter Poisson-Dirichlet models,"
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- Masanao Aoki, "undated". "Thermodynamic Limits of Macroeconomic or Financial Models: One- and Two-Parameter Poisson-Dirichlet Models," UCLA Economics Online Papers 391, UCLA Department of Economics.
- Masanao Aoki, 2006. "Thermodynamic Limits of Macroeconomic or Financial Models: One-and Two-Parameter Poisson-Dirichlet Models," CIRJE F-Series CIRJE-F-445, CIRJE, Faculty of Economics, University of Tokyo.
- AOKI Masanao & YOSHIKAWA Hiroshi, 2007.
"Non-Self-Averaging in Macroeconomic Models: A Criticism of Modern Micro-founded Macroeconomics,"
Discussion papers
07057, Research Institute of Economy, Trade and Industry (RIETI).
- Aoki, Masanao & Yoshikawa, Hiroshi, 2007. "Non-Self-Averaging in Macroeconomic Models: A Criticism of Modern Micro-founded Macroeconomics," Economics Discussion Papers 2007-49, Kiel Institute for the World Economy (IfW).
- Steven J. Davis & John C. Haltiwanger & Scott Schuh, 1998. "Job Creation and Destruction," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262540932, January.
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Cited by:
- Sorin Solomon & NataĊĦa Golo, 2015.
"Microeconomic structure determines macroeconomic dynamics: Aoki defeats the representative agent,"
Journal of Economic Interaction and Coordination,
Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 10(1), pages 5-30, April.
- Sorin Solomon & Natasa Golo, 2014. "Microeconomic Structure determines Macroeconomic Dynamics. Aoki defeats the Representative Agent," Papers 1401.7496, arXiv.org.
More about this item
Keywords
Equilibrium; search theory; productivity dispersion; power-law; non-self-averaging;JEL classification:
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
- D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ALL-2009-01-03 (All new papers)
- NEP-DGE-2009-01-03 (Dynamic General Equilibrium)
- NEP-HPE-2009-01-03 (History & Philosophy of Economics)
- NEP-MAC-2009-01-03 (Macroeconomics)
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