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

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
杜威分類號:	339.5
書名/作者:	Foundations for a disequilibrium theory of the business cycle : : qualitative analysis and quantitative assessment // Carl Chiarella, Peter Flaschel, Reiner Franke.
作者:	Chiarella, Carl,
其他作者:	Flaschel, Peter,
面頁冊數:	1 online resource (xxv, 523 pages) : : digital, PDF file(s).
附註:	Title from publisher's bibliographic system (viewed on 05 Oct 2015).
標題:	Business cycles - Econometric models.
標題:	Equilibrium (Economics)
ISBN:	9780511492402 (ebook)
摘要、提要註:	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.
電子資源:	http://dx.doi.org/10.1017/CBO9780511492402

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

Foundations for a disequilibrium theory of the business cycle :qualitative analysis and quantitative assessment /Carl Chiarella, Peter Flaschel, Reiner Franke. - 1 online resource (xxv, 523 pages) :digital, PDF file(s).

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Foreword /J. Barkley Rosser, Jr. --1.

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.

ISBN: 9780511492402 (ebook)Subjects--Topical Terms:

400684
Business cycles
--Econometric models.

LC Class. No.: HB3711 / .C489 2005

Dewey Class. No.: 339.5

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