The Dynamics of Keynesian Monetary Growth: Macro Foundations
ISBN-10:
052118018X
ISBN-13:
9780521180184
Author(s): Flaschel, Peter; Chiarella, Carl
Edition: Reissue
Released: Feb 17, 2011
Publisher: Cambridge University Press
Format: Paperback, 434 pages
Related ISBN: 9780521643511
Description:
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.
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