Would this general definition suffice for any steady state:

In steady state allocations and prices are constant (or growing at constant rate)

So for instance if I define an Arrow-Debreu equilibrium with prices and allocations, I can for every price and allocation generally say:

$x_{t}$ = $x_{t+1}$ = $x$

Is there a standard agreed upon definition that I can always rely on?

  • 1
    $\begingroup$ economics.stackexchange.com/questions/25770/… $\endgroup$
    – Kinno
    Dec 10 '21 at 11:41
  • $\begingroup$ This seems to be duplicate of the Q linked in the other comments can you please explain why the answer there does not answer your Q? $\endgroup$
    – 1muflon1
    Dec 11 '21 at 13:01
  • $\begingroup$ The answers there says it depends on context. But there has to be a general definition in terms of competitive equilibria given allocations and prices. I think it is when per capita allocations are constant and real prices are constant, although it is possible for aggregate variables to grow. $\endgroup$
    – Rumi
    Dec 13 '21 at 7:53

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