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The Dynamics of Keynesian Monetary Growth: Macro Foundations PDF

435 Pages·2000·2.721 MB·English
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by Carl Chiarella, Peter Flaschel| 2000| 435 pages| 2.721| English

About The Dynamics of Keynesian Monetary Growth: Macro Foundations

This 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 that are currently fashionable. Using sophisticated mathematical tools, it investigates complex macrodynamic feedback mechanisms in a systematic way, showing how macrodynamics can be developed in a hierarchical way from economically simple structures to more advanced ones.

Detailed Information

Author:Carl Chiarella, Peter Flaschel
Publication Year:2000
ISBN:9780511012792
Pages:435
Language:English
File Size:2.721
Format:PDF
Price:FREE
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