Foundations for a Disequilibrium Theory of the Business Cycle - Qualitative Analysis and Quantitative Assessment

Klappentext This 2005 book presents a dynamic model of the macroeconomy that will appeal both to theorists and economic policy-makers. Zusammenfassung An advanced model of economic activity! inflation and income distribution in a Keynesian spirit is developed in this book. The model is used to produce macroeconomic simulation studies and a detailed study of the macroeconomic impact of various monetary policy rules. It will appeal both to theorists and economic policy-makers. Inhaltsverzeichnis Figures; Tables; Notation; Foreword J. Barkley Rosser, Jr; Preface; 1. Competing approaches to Keynesian macrodynamics; Part I. Textbook Approaches: 2. AS-AD growth theory: a complete analysis of the textbook model; 3. Disequilibrium growth: the point of departure; Part II. Analytical Framework. Theory and Evidence: 4. The Keynes-Metzler-Goodwin model; 5. Calibration of three wage-price modules; 6. Calibration of the full KMG model; 7. Subsystems and sensitivity analysis of the KMG model; Part III. Monetary Policy: 8. The Taylor Rule in small macro models; 9. Incorporating the Taylor Rule into KMG; References.

Product details

• Authors: Carl Chiarella, Carl (University of Technology Chiarella, Carl Flaschel Chiarella, Peter Flaschel, Reiner Franke
• Publisher: Cambridge University Press ELT
• Languages: English
• Product format: Paperback / Softback
• Released: 21.07.2011
• EAN: 9780521369923
• ISBN: 978-0-521-36992-3
• No. of pages: 550
• Subject: Social sciences, law, business > Business > Miscellaneous