general equilibrium analysis
[/ˈdʒɛnərəl ˌɛkwɪˈlɪbriəm əˈnæləsɪs/]
nounpl: general equilibrium analyses
análise de equilíbrio geral
1. An economic analysis framework that examines how supply and demand interact across all markets simultaneously, rather than in isolation, to determine overall economic equilibrium and prices.
General equilibrium analysis shows how a change in oil prices affects not only the energy sector but also transportation, manufacturing, and consumer spending across the entire economy.
A análise de equilíbrio geral demonstra como uma mudança nos preços do petróleo afeta não apenas o setor energético, mas também o transporte, a manufatura e o gasto do consumidor em toda a economia.
2. A theoretical approach developed primarily by Léon Walras and later refined by Kenneth Arrow and Gérard Debreu that models the interconnectedness of all economic markets.
The Arrow-Debreu model is a foundational framework in general equilibrium analysis that proves the existence of equilibrium in competitive markets.
O modelo Arrow-Debreu é um marco fundamental na análise de equilíbrio geral que prova a existência de equilíbrio em mercados competitivos.
General equilibrium analysis is a cornerstone concept in academic economics education in both Brazil and the United States. It originated in European economic theory but became systematized through American economists at universities like Stanford and Yale. The concept is essential in graduate-level economics programs and is frequently referenced in policy discussions regarding macroeconomic impacts and interconnected market effects.
Related Idioms & Phrases
achieving general equilibrium
general equilibrium holds
departing from general equilibrium
general equilibrium framework
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