The Dynamics of Keynesian Monetary Growth

Macro Foundations

AvCarl Chiarella,Peter Flaschel

Häftad, Engelska, 2011

523 kr

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Beskrivning

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.

Produktinformation

Utgivningsdatum:2011-02-17
Mått:152 x 229 x 25 mm
Vikt:630 g
Format:Häftad
Språk:Engelska
Antal sidor:434
Förlag:Cambridge University Press
ISBN:9780521180184

Utforska kategorier

Makroekonomi inom Ekonomi och Ledarskap

Recensioner i media

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

Innehållsförteckning

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.