Foundations for a disequilibrium theory of the business cycle : qualitative analysis and quantitative assessment /

"Building on The Dynamics of Keynesian Monetary Growth by Chiarella and Flaschel (2000), this 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 ec...

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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Chiarella, Carl
Other Authors: Flaschel, Peter, 1943-, Franke, Reiner
Format: Electronic eBook
Language:Inglés
Published: Cambridge, UK ; New York : Cambridge University Press, 2005.
Subjects:
Business cycles > Econometric models.
Equilibrium (Economics)
Cycles économiques > Modèles économétriques.
POLITICAL SCIENCE > Economic Conditions.
BUSINESS & ECONOMICS > Economics > Macroeconomics.
Business cycles > Econometric models
Online Access:Texto completo
Table of Contents:
  • Foreword / J. Barkley Rosser, Jr.
  • 1. Competing approaches to Keynesian macrodynamics
  • 2. AS-AD growth theory : a complete analysis of the textbook model
  • 3. Disequilibrium growth : the point of departure
  • 4. The Keynes-Metzler-Goodwin model
  • 5. Calibration of three wage-price modules
  • 6. Calibration of the full KMG model
  • 7. Subsystems and sensitivity analysis of the KMG model
  • 8. The Taylor rule in small macromodels
  • 9. Incorporating the Taylor rule into KMG.

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