Abstract
The concept of monetary equilibrium is the fundamental feature of the macroeconomic theory originally formulated by Knut Wicksell (1898, 1906) and corrected, clarified and improved in the 1930s by Erik Lindahl (1930, 1934 and 1939b) and Gunnar Myrdal (1932, 1933 and 1939). Wicksell’s approach was the first attempt to link the analysis of relative prices with the analysis of money prices (Shackle, 1945, p. 47).
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Steiger, O. (1989). Monetary Equilibrium. In: Eatwell, J., Milgate, M., Newman, P. (eds) Money. The New Palgrave. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-19804-7_27
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DOI: https://doi.org/10.1007/978-1-349-19804-7_27
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