Review of the hardback: 'Chiarella, Flaschel, and Franke have honed traditional stability analysis of aggregative macroeconomic models into an astonishingly penetrating critical tool. Their dispassionate and balanced study of current macroeconomic approaches throws much light on the conceptual contradictions that trouble this field, and motivate their suggested remedy, a return to a thorough disequilibrium dynamics in the tradition of Keynes, Metzler, and Goodwin. No serious student of mathematical macroeconomics working within any framework can afford to ignore this research and its implications.' Duncan K. Foley, Foley New School University

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

Produktdetaljer

ISBN
9780521643511
Publisert
2000-08-03
Utgiver
Cambridge University Press
Vekt
750 gr
Høyde
229 mm
Bredde
152 mm
Dybde
24 mm
Aldersnivå
P, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
434