Foundations for a Disequilibrium Theory of the Business Cycle pdf epub mobi txt 电子书下载 2024

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Carl Chiarella

Cambridge University Press

2005-10-27

550

GBP 103.00

Hardcover

9780521850254

图书标签: 经济学宏观经济学

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发表于2024-11-10

Foundations for a Disequilibrium Theory of the Business Cycle epub 下载 mobi 下载 pdf 下载 txt 电子书下载 2024

Foundations for a Disequilibrium Theory of the Business Cycle pdf epub mobi txt 电子书下载 2024

图书描述

Building on The Dynamics of Keynesian Monetary Growth by Chiarella and Flaschel (2000), this 2005 book is a key contribution to business cycle theory, setting out a disequilibrium approach with gradual adjustments of the key macroeconomic variables. Its analytic study of a deterministic model of economic activity, inflation and income distribution integrates elements in the tradition of Keynes, Metzler and Goodwin (KMG). After a qualitative analysis of the basic feedback mechanisms, the authors calibrate the KMG model to the stylized facts of the business cycle in the U.S. economy, and then undertake a detailed numerical investigation of the local and global dynamics generated by the model. Finally, topical issues in monetary policy are studied in small macromodels as well as for the KMG model by incorporating an estimated Taylor-type interest rate reaction function. The stability features of this enhanced model are also compared to those of the original KMG model.

Foundations for a Disequilibrium Theory of the Business Cycle 下载 mobi epub pdf txt 电子书