Naturally, the free market rate was equilibrating the balance of payments but disequilibrating
the current account, resulting in great uncertainty and misleading information to the producers of tradables.
Such errors can be disequilibrating
, leading to divergence instead of convergence, but when many heterogeneous agents are simultaneously striving to grasp profit opportunities, such divergence is likely to be short-lived, and error-correction processes will be robust.
become spatially disequilibrating
, and economies of scale and
FRB affects production, resulting in cycles, because disequilibrating
forces are set in motion by an artificially lower interest rate and by increases the quantity of money invested, without a corresponding increase in the quantity of money voluntarily saved.
Proposition 1: The Great Depression and Great Recession were disequilibrating
housing market and mortgage credit booms.
The move proved decisive: as military historian John Keegan writes in his authoritative The First World War, "Rare are the times in a great war when the fortunes of one side or the other are transformed by the sudden accretion of a disequilibrating
The elements of the [alpha] matrix represent the adjustment or loading coefficients, and indicate the speeds of adjustment of the endogenous variables in response to disequilibrating
shocks, while the elements of the [GAMMA] matrices capture the short-run dynamic adjustments.
The enzymes Mn-SOD and Cu/ Zn-SOD reduce oxidative cellular dysfunction by disequilibrating
the electron transport chains or the active oxygen species.
Most textbooks describe the disequilibrating
impact of product differentiation, and the eventual return to long run market equilibrium, in terms of comparative statics, with little or no discussion of the adjustment process and the role of entrepreneurship in that process.
Transition to a higher stage of development occurs in response to life experiences that are structurally disequilibrating
, personally salient, emotionally engaging, and interpersonal.
It is precisely because asynchrony is disequilibrating
that it contains the potential for stimulating developmental growth or dysfunction.
It suggests a high speed of convergence to equilibrium if there appears a disequilibrating