The Dynamics of Keynesian Monetary Growth

TRAMA

This text shows for the first time that macrodynamics can be developed and investigated systematically.

NOTE EDITORE

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.

SOMMARIO

Preface; General introduction; 1. Traditional monetary growth dynamics; 2. Tobinian monetary growth: the (neo) classical point of departure; 3. Keynes-Wicksell models of monetary growth: synthesizing Keynes into the classics; 4. Keynesian monetary growth: the missing prototype; 5. Smooth factor substitution: a secondary and confused issue.

PREFAZIONE

This 2000 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.

ALTRE INFORMAZIONI

• Condizione: Nuovo
• ISBN: 9780521643511
• Dimensioni: 229 x 24 x 152 mm Ø 750 gr
• Formato: Copertina rigida
• Pagine Arabe: 434