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Demonstrating that there are (superior) alternatives to the modern macroeconomic mainstream and its DSGE models, this book presents the cutting edge of in macroeconomic modelling, economic policy, and methodology from the perspective of heterodox economic thinking.
List of contents
1. Introduction - Economics at the Edge
Part I: Methodology 2. Ideology,
Werturteilsfreiheit and pluralism in economics 3. Does macroeconomics have to deal with ethical considerations? 4. Understanding the temporal in economics
Part II: Empirical SFC Modelling 5. House prices, credit and financial cycles: An Empirical Stock-flow consistent (SFC) model for the Danish Economy 6. Globalisation and Financialisation in the Netherlands, 1995 - 2020 7. A Stock Flow Consistent model for the French economy 8. A Stock-Flow Consistent Quarterly Model of the Italian Economy 9. The Long Decay of Argentina: could the 2010s have been different?
Part III: Economic Policy Aspects 10. Central Bank Independence in an Age of Democratic Values 11. Foreign exchange accumulation and the advent of the monetary policy quadrilemma 12. Sectoral balance analysis: Evidence from Scandinavia 13. Realism in economics: A new approach to financial instability
About the author
Mikael Randrup Byrialsen is Associate Professor at the Aalborg University Business School, Denmark.
Hamid Raza is Associate Professor at the Aalborg University Business School, Denmark.
Finn Olesen is Professor at the Aalborg University Business School, Denmark.
Summary
Demonstrating that there are (superior) alternatives to the modern macroeconomic mainstream and its DSGE models, this book presents the cutting edge of in macroeconomic modelling, economic policy, and methodology from the perspective of heterodox economic thinking.
