General equilibrium

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  • A Proposal on Macro-prudential Regulation

    Publicación |

    This paper assesses the choice of different regulatory policy instruments for crisis management and prevention.

  • Testable Restrictions on the Equilibrium Manifold under Random Preferences

    Publicación |

    General equilibrium theory was criticized for its apparent irrefutability, as seemingly implied by the Sonnenschein-Mantel-Debreu theorem.  This view was challenged by Brown and Matzkin (1996), who showed the existence of testable restrictions on the equilibrium manifold. Brown and Matzkin…