| Financial flow imbalances, if allowed to persist, lead to stock disequilibria on balance sheets. |
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| But the repudiation of a dollar devaluation policy was subsequently pushed to an opposite extreme, thereby fostering a new set of disequilibria. |
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| They can obtain resources to finance cyclical downturns and balance-of-payments disequilibria, thus allowing them to smooth out consumption. |
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| A temporarily high price also serves the function of signaling other entrepreneurs and capitalists about market disequilibria. |
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| On the contrary, the maintenance of the strong dollar policy fostered a new set of disequilibria. |
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| However, when markets become essentially speculative, they drive prices toward severe disequilibria. |
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| In some cases, a solid industrial base helped economies to escape the dilemma of either chronic disequilibria or contractive deleveraging. |
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| However, Romer and Romer do not consider an intertemporal budget constraint for the government and control for budgetary disequilibria in an error-correction framework. |
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