Download EBOOK Foundations for a Disequilibrium Theory of the Business Cycle: Qualitative Analysis and Quantitative Assessment PDF for free


Download EBOOK Foundations for a Disequilibrium Theory of the Business Cycle: Qualitative Analysis and Quantitative Assessment PDF for free Category: Business, Finance & Law
The author of the book: Carl Chiarella
Format files: PDF, EPUB, TXT, DOCX
The size of the: 996 KB
Language: English
ISBN-13: 9780521369923
Edition: CAMBRIDGE UNIVERSITY PRESS
Date of issue: 21 July 2011

Description of the book "Foundations for a Disequilibrium Theory of the Business Cycle: Qualitative Analysis and Quantitative Assessment":

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 PDF 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.

Download EBOOK Foundations for a Disequilibrium Theory of the Business Cycle: Qualitative Analysis and Quantitative Assessment PDF for free


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Carl Chiarella

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Download EBOOK Foundations for a Disequilibrium Theory of the Business Cycle: Qualitative Analysis and Quantitative Assessment PDF for free



Download EBOOK Foundations for a Disequilibrium Theory of the Business Cycle: Qualitative Analysis and Quantitative Assessment for free

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