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Foundations for a Disequilibrium Theory of the Business Cycle

  • Kartonierter Einband
  • 550 Seiten
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An advanced model of economic activity, inflation and income distribution in a Keynesian spirit is developed in this book. The mo... Weiterlesen
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Beschreibung

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.

Klappentext

This 2005 book presents a dynamic model of the macroeconomy that will appeal both to theorists and economic policy-makers.



Inhalt

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.

Produktinformationen

Titel: Foundations for a Disequilibrium Theory of the Business Cycle
Untertitel: Qualitative Analysis and Quantitative Assessment
Autor:
EAN: 9780521369923
ISBN: 978-0-521-36992-3
Format: Kartonierter Einband
Herausgeber: Cambridge University Press
Genre: Volkswirtschaft
Anzahl Seiten: 550
Gewicht: 787g
Größe: H229mm x B152mm x T29mm
Jahr: 2011