A Disequilibrium-Equilibrium Model with Money and Bonds : A Keynesian-Walrasian Synthesis
by Hanjiro Haga
I. Introduction -- II. Households and Firms -- 1. The Household -- 2. The Firm -- III. The General Equilibrium System Under The “Dual—Decision Hypothesis” “Disequilibrium-Equilibrium Model” -- 1. The Standard General Market Equilibrium and the General Market Equilibrium under the “Dual-Decision Hypothesis” -- 2. Assumptions of the Model -- IV. The Existence Proof -- 1. The Household’s and Firm’s Budget Constraints and Money Constraints Rewritten for Convenience -- 2. Construction of Individual Demand or Supply Functions -- 3. The Existence Proof (1) —The Model with Modified Functions based on the Dual-Decision Hypothesis — -- 4. The Existence Proof (2) —The Original Model (Non-Modified Functions) based on the Dual-Decision Hypothesis — -- V. Conclusions -- Appendix I -- Appendix II. -- Appendix III -- Appendix IV -- References.