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Post Walrasian macroeconomics : beyond the dynamic stochastic general equilibrium model /
Macroeconomics is evolving in an almost dialectic fashion. The latest evolution is the development of a new synthesis that combines insights of new classical, new Keynesian and real business cycle traditions into a dynamic, stochastic general equilibrium (DSGE) model that serves as a foundation for...
| Clasificación: | Libro Electrónico |
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| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Cambridge ; New York :
Cambridge University Press,
2006.
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| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | Macroeconomics is evolving in an almost dialectic fashion. The latest evolution is the development of a new synthesis that combines insights of new classical, new Keynesian and real business cycle traditions into a dynamic, stochastic general equilibrium (DSGE) model that serves as a foundation for thinking about macro policy. That new synthesis has opened up the door to a new antithesis, which is being driven by advances in computing power and analytic techniques. This new synthesis is coalescing around developments in complexity theory, automated general to specific econometric modeling, agent-based models, and non-linear and statistical dynamical models. This book thus provides the reader with an introduction to what might be called a Post Walrasian research program that is developing as the antithesis of the Walrasian DSGE synthesis. |
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| Descripción Física: | 1 online resource (xxi, 416 pages) : illustrations |
| Bibliografía: | Includes bibliographical references (pages 369-400) and index. |
| ISBN: | 051122592X 9780511225925 9780511226496 0511226497 0511223307 9780511223303 9780511617751 0511617755 128056766X 9781280567667 9786610567669 6610567662 0511224648 9780511224645 |