San Rafael, Lempira San Rafael, Lempira San Rafael is a municipality in the Honduran department of Lempira. It is one of the farthest municipalities of the Lempira department of Honduras. The best way to get to the municipality capital is via Santa Bárbara department, passing by El Nispero and San Jeronimo municipalities of this department. In the census of 1887 it appears with the name of "El Conal" village, of La Iguala municipality, and until 17 July 1900 it was granted the category of municipality, in the administration of President Terencio Sierra. To get to the municipality capital it is necessary to go
Monetary-disequilibrium theory Monetary-disequilibrium theory Monetary disequilibrium theory is a product of the Monetarist school and is mainly represented in the works of Leland Yeager and Austrian macroeconomics. The basic concept of monetary equilibrium (disequilibrium) was, however, defined in terms of an individual's demand for cash balance by Mises (1912) in his "Theory of Money and Credit". Monetary disequilibrium is one of three theories of macroeconomic fluctuations which accord an important role to money, the others being the Austrian theory of the business cycle and one based on rational expectations. Leland Yeager's (1968) understanding of the monetary disequilibrium theory begins with fundamental properties