Structural & Dynamic
Macro Equilibrium Analysis

These are different aspects of overall economic balance which must be maintained -- at full-employment levels -- in order to maintain stable, sustainable, full-employment economic growth. There are complex interrelationships among them. But for incisive analysis and effective policy, it is essential to distinguish clearly between them. (No suitably developed longer text is now available for online posting.)

The Current Empirically-Measurable Supply/Demand Balances

Longer-Run Structural Balances.
(Influenced by institutional, technological and policy factors.)

Last revised: September 5, 1999
To IEA home page