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Author: Volker Böhm
Publisher:
ISBN:
Category :
Languages : fr
Pages : 37
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Book Description
Author: Volker Böhm
Publisher:
ISBN:
Category :
Languages : fr
Pages : 37
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Book Description
Author: Yoshitsugu Kanemoto
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 32
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Book Description
Author: Seppo Honkapohja
Publisher:
ISBN: 9789514518249
Category :
Languages : en
Pages : 25
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Book Description
Author: Carl Chiarella
Publisher: Springer Science & Business Media
ISBN: 3662040700
Category : Business & Economics
Languages : en
Pages : 487
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Book Description
In this book on disequilibrium, growth and labor market dynamics we take predominantly a macroeconomic perspective. We present a working model that can easily be varied in different directions in order to subsume innovations in the literature on macroeconomics, old and new, and to contribute to important currently discussed macroeconomic issues. Our working model is set up in a way that there is a close relationship between our presented dynamic models and modern macro econometric models with disequilibrium both in the labor and the goods markets. One of our objectives is, therefore, to narrow the gap between theoretical and applied structural macrodynamic model building. We hope that the book will be a useful reference for all researchers, academic teachers and practitioners of macroeconomic and macro econometric model building who are interested in economic dynamics, independently of whether they use equilibrium or disequilibrium methods in their own research. We base this hope on the fact that our approach contains a number of unique features. The emphasis on the identification and analysis of the basic feedback mechanisms at work in modern macro economies. A detailed study of the partial as well as integrated dynamic interaction between these feedback mechanisms that consti tute the interdependence of markets and sectors of the modern macro economy. The rela tionship between the macroeconomic framework of our working model and the Walrasian, Non-Walrasian and New-Keynesian reformulations of macroeconomics.
Author: Peter Flaschel
Publisher: MIT Press
ISBN: 9780262061919
Category : Business & Economics
Languages : en
Pages : 484
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Book Description
An attempt to revitalize the traditions of nonmarket clearing approaches to macroeconomics. Using tools from dynamic analysis, the text introduces a consistent, integrated framework for disequilibrium macroeconomic dynamics and explore its relationship to the competing equilibrium dynamics.
Author: Jean-Paul Lambert
Publisher: CUP Archive
ISBN: 9780521322096
Category : Business & Economics
Languages : en
Pages : 204
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Book Description
Author: Glenn D. Rudebusch
Publisher: Springer Science & Business Media
ISBN: 3642456251
Category : Business & Economics
Languages : en
Pages : 137
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Book Description
Author: Martin Joseph Rini
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 108
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Book Description
Author: Gerd Weinrich
Publisher:
ISBN:
Category : Prices
Languages : en
Pages : 70
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Book Description
Author: Carl Chiarella
Publisher: Cambridge University Press
ISBN: 9781139448215
Category : Business & Economics
Languages : en
Pages : 572
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Book Description
Building on The Dynamics of Keynesian Monetary Growth by Chiarella and Flaschel (2000), this book is a key contribution to business cycle theory, setting out a disequilibrium approach with gradual adjustments of the key macroeconomic variables. Its analytic study of a deterministic model of economic activity, inflation and income distribution integrates elements in the tradition of Keynes, Metzler and Goodwin (KMG). After a qualitative analysis of the basic feedback mechanisms, the authors calibrate the KMG model to the stylized facts of the business cycle in the U.S. economy, and then undertake a detailed numerical investigation of the local and global dynamics generated by the model. Finally, topical issues in monetary policy are studied in small macromodels as well as for the KMG model by incorporating an estimated Taylor-type interest rate reaction function. The stability features of this enhanced model are also compared to those of the original KMG model.
