Business Cycle Dynamics : Models and Tools

Name: Business Cycle Dynamics
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 9783642068799
Price: 16200 KES
Availability: OutOfStock
ISBN: 9783642068799

Softcover reprint of hardcover 1st ed. 2006

Book Details

Format Paperback / softback

ISBN-10 3642068790

ISBN-13 9783642068799

Edition Softcover reprint of hardcover 1st ed. 2006

Publisher Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

Imprint Springer-Verlag Berlin and Heidelberg GmbH & Co. K

Country of Manufacture GB

Country of Publication GB

Publication Date Oct 14th, 2010

Print length 336 Pages

Product Classification: Economic theory & philosophy Economic theory and philosophy Macroeconomics

KSh 16,200.00

Publisher Out of Stock 0 in stock

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The focus on classical, causal or recursive models implies a deviation from current main stream business cycle theory, based on "rational expectations", which in view of the possibility of mathematical chaos becomes untenable.

Business cycle theory has been one of the fastest growing fields in modern nonlinear economic dynamics. The book is centered around models of multiplier-accelerator type, emerging from Samuelson's seminal work, later developed into nonlinear formats by Hicks and Goodwin. These models left open ends, as the tools then available did not permit more systematic analysis. The present situation is different, due to the emergence of new methods also focusing global analysis. The focus on classical, causal or recursive models implies a deviation from current main stream business cycle theory, based on "rational expectations", which in view of the possibility of mathematical chaos becomes untenable. This book is a rejoinder to Puu and Sushko, Oligopoly Dynamics - Models and Tools, (Springer 2002).

Get Business Cycle Dynamics by Iryna Sushko at the best price and quality guaranteed only at Werezi Africa's largest book ecommerce store. The book was published by Springer-Verlag Berlin and Heidelberg GmbH & Co. KG and it has 336 pages.