Barnett, Richard C.; Bhattacharya, Joydeep; Bunzel, Helle - In: Journal of Macroeconomics 32 (2010) 2, pp. 515-526
Momentary equilibria are defined as points that satisfy agents' optimality conditions and market clearing at any date. However, some dynamic sequences commencing from such points may not be considered valid equilibria because they asymptotically violate some economic restriction of the model....
