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Zusatztext "These three are nothing short of a triumph. The authors have done what many economists have failed to do: offer a critical analysis of mainstream macro building and offer their own! thought-provoking and original ideas. These three books will appeal to all graduate students and academics alike who are looking for strong technical analysis rooted in a deep understanding of macroeconomic theory." - Louis-Philippe Rochon!Laurentian University! Canada!and International Economic Policy Institute Informationen zum Autor Carl Chiarella is Professor of Quantitative Finance at the University of Technology, Sydney, Australia. Peter Flaschel is Professor of Economics at Bielefeld University, Germany. Willi Semmler is Professor of Economics at The New School for Social Research, New York, USA. Klappentext This book represents the second of three volumes offering a complete reinterpretation and restructuring of Keynesian macroeconomics and offers a detailed analysis and comparison of two competing types of approaches to Keynesian macroeconomics. Zusammenfassung This book represents the second of three volumes offering a complete reinterpretation and restructuring of Keynesian macroeconomics and offers a detailed analysis and comparison of two competing types of approaches to Keynesian macroeconomics. Inhaltsverzeichnis Part I: Competing approaches to Keynesian macroeconomics 1. Representative households or principal-agent capitalism? 2. The two-class Pasinetti model from a neoclassical perspective 3. Expectations and the (un)importance of the real wage feedback channel Part II: Supply dynamics, demand-driven inflation and the distributive cycle 4. Viability and corridor stability in Keynesian supply driven growth 5. Wicksellian inflation pressure in Keynesian models of monetary growth 6. Interacting two-country business fluctuations Part III: The semistructural aggregate demand–aggregate supply model: theory and evidence 7. Distributive cycles, business fluctuations and the wage-led/profit-led debate 8. DAD–DAS: estimated convergence and the emergence of "complex dynamics" 9. International linkages in a Keynesian two-country model Part IV: The structural Keynes–Metzler–Goodwin model 10. Integrating macromodels of employment, price and inventory dynamics 11. Calibration of an unobservable inflation climate 12. A macroeconometric framework for the analysis of monetary policy Part V: Extensions 13. The dynamics of "natural" rates of growth and employment 14. High-order disequilibrium growth dynamics 15. AD–AS disequilibrium dynamics and endogenous growth Part VI: The road ahead: financial markets 16. Stabilizing an unstable economy and the choice of policy measures ...
