The Econometrics of Disequilibrium

The Econometrics of Disequilibrium PDF Author: Roger John Bowden
Publisher: North-Holland
ISBN:
Category : Business & Economics
Languages : en
Pages : 348

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Book Description

The Econometrics of Disequilibrium

The Econometrics of Disequilibrium PDF Author: Roger John Bowden
Publisher: North-Holland
ISBN:
Category : Business & Economics
Languages : en
Pages : 348

Get Book

Book Description


The Econometrics of Disequilibrium

The Econometrics of Disequilibrium PDF Author: Roger J. Bowden
Publisher:
ISBN:
Category :
Languages : en
Pages : 324

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The Econometrics of Disequilibrium Models

The Econometrics of Disequilibrium Models PDF Author: Vijay Kumar Lal Srivastava
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 216

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Book Description
This work is an accessible examination of the nature of various estimation methods written for those who have limited knowledge of economic theory. Some of the relatively simple methods can be implemented by using existing software packages. It reviews the Walrasian general equilibrium theory, compares the two genuine alternative frameworks for analyzing economic phenomena, and aids in establishing a necessary methodological consistency between analytical philosophy and the estimation methods in applied work on disequilibrium economics.

The Econometrics of Disequilibrium

The Econometrics of Disequilibrium PDF Author: Richard E. Quandt
Publisher: Wiley-Blackwell
ISBN: 9780631144021
Category : Business & Economics
Languages : en
Pages : 296

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The Economics of Market Disequilibrium

The Economics of Market Disequilibrium PDF Author: Jean-Pascal Bénassy
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 272

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Book Description
Microeconomics; Market equilibrium and disequilib rium; Disequilibrium trading and quantity signals; Effective demand: A first approach; Effective demand and spillover effects; Price making; Non-Walrasian equilibrium concepts; The general framework; Fixprice equilibria; Expectations and temporary fixprice equilibria; Temporary equilibria with price makers; Efficiency; Macroeconomics; A model of unemployment; Unemployment and expectations; A model of unemployment with flexible price; A model of inflation.

Disequilibrium Foundations of Equilibrium Economics

Disequilibrium Foundations of Equilibrium Economics PDF Author: Franklin M. Fisher
Publisher:
ISBN: 9780521242646
Category : Business & Economics
Languages : en
Pages : 236

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Book Description
The most common mode of analysis in economic theory is to assume equilibrium. Yet, without a proper theory of how economies behave in disequilibrium, there is no foundation for such a practice. The necessary step in proposing a foundation is the formulation of a theory of stability, and in this 1984 book, Professor Fisher is primarily concerned with this subject, although disequilibrium behavior itself is analyzed. The author first undertakes a review of the existing literature on the stability of general equilibrium. He then proposes a more satisfactory general model in which agents realize their state of disequilibrium and act on arbitrage opportunities. The interrelated topics of the role of money, the nature of quantity constraints, and the optimal behaviour of arbitraging agents are extensively treated.

Estimation of Disequilibrium Models

Estimation of Disequilibrium Models PDF Author: Hans-Jürg Büttler
Publisher: Springer Science & Business Media
ISBN: 3642483402
Category : Business & Economics
Languages : en
Pages : 124

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Book Description
This monograph grew out of a project which was sponsored by the Swiss National Foundation ("Schweizerischer Nationalfonds") under grant no. 4. 636-0. 83. 09. Yithin this project, prediction-oriented estimation methods for the canonical econometric disequilibrium model were developed. The present monograph deals with the application of these estimation techniques to three aggregative markets of the Swiss economy. Parts of the monograph have been presented at various places: the estimation techniques described in chapter 3 at the European Meeting of the Econometric Society, Madrid 1984; the application to residential investment described in chapter 4 at a symposium on housing policy at the University of Mannheim, 1984; the empirical study on the money stock described in chapter 5 at the Symposium on Money, Banking and Insurance held at the University of Karlsruhe, 1984, as well as at a joint seminar of the University of Basle and the Bank for International Settlements (BIS), 1985; and, finally, the empirical study on the aggregate labor market described in chapter 6 at a seminar of the University of ZUrich, 1985. Comments from toe seminar participants, in particular from Palle S. Andersen (BIS) who served as a discussant, Pascal Bridel (Swiss National Bank, SNB), Franz Ettlin (SNB), and Kurt Schiltknecht (Nordfinanz-Bank, Zurich) are gratefully acknowledged, without implying any responsibility on their part. The methodological part described in chapters 2 and 3 is contributed by G. Frei and B.

Dynamic Disequilibrium Modeling: Theory and Applications

Dynamic Disequilibrium Modeling: Theory and Applications PDF Author: William A. Barnett
Publisher: Cambridge University Press
ISBN: 9780521462754
Category : Business & Economics
Languages : en
Pages : 556

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Book Description
. The organizers of the ninth symposium, which produced the current proceedings volume, were Claude Hillinger at the University of Munich, Giancarlo Gandolfo at the University of Rome "La Sapienza," A. R. Bergstrom at the University of Essex, and P. C. B. Phillips at Yale University.

The Estimation of Macroeconomic Disequilibrium Models with Regime Classification Information

The Estimation of Macroeconomic Disequilibrium Models with Regime Classification Information PDF Author: Glenn D. Rudebusch
Publisher: Springer Science & Business Media
ISBN: 3642456251
Category : Business & Economics
Languages : en
Pages : 137

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Models of Disequilibrium and Shortage in Centrally Planned Economies

Models of Disequilibrium and Shortage in Centrally Planned Economies PDF Author: C.M. Davis
Publisher: Springer Science & Business Media
ISBN: 9400908237
Category : Business & Economics
Languages : en
Pages : 504

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Book Description
The centrally planned economies (CPEs) of the Soviet Union and Eastern Europe have experienced severe imbalances in domestic and external markets over the past several decades. As a result, they have been chronically afflicted by problems such as excess demand, repressed inflation, deficits of commodities, queues, waiting lists, and forced savings. Economists have responded to these phenomena by developing appropriate theoretical and empirical models of CPEs. Of particular note have been the pioneering studies of Richard Portes on disequilibrium econometric models and Janos Kornai on the shortage economy. Each approach has attracted followers who have produced numerous, innovative macro- and microeconomic models of Poland, Czechoslovakia, the German Democratic Republic, Hungary, and the USSR. These models have proved to be of considerable value in the analysis of the causes, consequences and remedies of disequilibrium phenomena. Inevitably, the new research has also generated controversies both between and within the schools of shortage and disequilibrium modelling, concerning the fundamental nature of the socialist economy, theoretical concepts and definitions, the specification of models, estimation techniques, interpretation of empirical findings, and policy recommend ations. Furthermore, the research effort has been energetic but incomplete, so many gaps exist in the field.