Tâtonnement and Price Setting in General Equilibrium
Apr 28, 2026 2:00 - 3:20 pm
317 David Kinley Hall
- Sponsor
- Macroeconomics
- Speaker
- Guido Lorenzoni (Chicago Booth)
- econ@illinois.edu
- Views
- 45
- Originating Calendar
- Macroeconomics (SEMINARS)
Abstract: A foundational question in General Equilibrium theory—when is an equilibrium stable?—has remained largely unresolved for nearly 150 years despite important contributions. This paper proposes a resolution.