The Dynamics of Keynesian Monetary Growth : Macro Foundations
Book Details
Format
Hardback or Cased Book
ISBN-10
0521643511
ISBN-13
9780521643511
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Aug 3rd, 2000
Print length
434 Pages
Weight
762 grams
Dimensions
16.10 x 23.50 x 3.00 cms
Product Classification:
Economic theory & philosophyEconomic theory and philosophyMonetary economics
Ksh 20,500.00
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This book is in the tradition of non-market-clearing approaches to macrodynamic economics. It shows for the first time that macrodynamics can be developed and investigated in a systematic fashion, leading to coherent models of fluctuation growth. This differs considerably from the microfounded full equilibrium approaches which are currently fashionable.
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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