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The Dynamics of Keynesian Monetary Growth: Macro Foundations

Autor Carl Chiarella, Peter Flaschel
en Limba Engleză Paperback – 16 feb 2011
Originally published in 2000, this book is in the tradition of non-market-clearing approaches to macrodynamic approaches. It builds a series of integrated disequilibrium growth models of increasing complexity, which display the economic interaction between households, firms and government across labour, goods, money, bonds and equities markets. Chiarella and Flaschel demonstrate how macrodynamics can be developed in a hierarchical way from economically simple structures to more advanced ones. In addition it investigates complex macrodynamic feedback mechanisms.
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Paperback (1) 31446 lei  6-8 săpt.
  Cambridge University Press – 16 feb 2011 31446 lei  6-8 săpt.
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Specificații

ISBN-13: 9780521180184
ISBN-10: 052118018X
Pagini: 434
Dimensiuni: 152 x 229 x 25 mm
Greutate: 0.63 kg
Editura: Cambridge University Press
Colecția Cambridge University Press
Locul publicării:Cambridge, United Kingdom

Cuprins

Preface; General introduction; 1. Traditional monetary growth dynamics; 2. Tobinian monetary growth: the (neo) classical point of departure; 3. Keynes-Wicksell models of monetary growth: synthesizing Keynes into the classics; 4. Keynesian monetary growth: the missing prototype; 5. Smooth factor substitution: a secondary and confused issue.

Recenzii

Review of the hardback: 'Chiarella, Flaschel, and Franke have honed traditional stability analysis of aggregative macroeconomic models into an astonishingly penetrating critical tool. Their dispassionate and balanced study of current macroeconomic approaches throws much light on the conceptual contradictions that trouble this field, and motivate their suggested remedy, a return to a thorough disequilibrium dynamics in the tradition of Keynes, Metzler, and Goodwin. No serious student of mathematical macroeconomics working within any framework can afford to ignore this research and its implications.' Duncan K. Foley, Foley New School University

Descriere

This text shows for the first time that macrodynamics can be developed and investigated systematically.