Dynamic macroeconomics : instability, fluctuation, and growth in monetary economies
Author(s)
Bibliographic Information
Dynamic macroeconomics : instability, fluctuation, and growth in monetary economies
（Studies in dynamical economic science）
MIT Press, c1997
Available at / 83 libraries
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Research Institute for Economics & Business Administration (RIEB) Library , Kobe University図書
339.5-187081000092631
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Note
Includes bibliographical references (p. [427]-445) and index
Description and Table of Contents
Description
Dynamic Macroeconomics is an attempt to revitalize the traditions of nonmarket clearing approaches to macroeconomics. Using sophisticated tools from dynamic analysis, the authors introduce a consistent, integrated framework for disequilibrium macroeconomic dynamics and explore its relationship to the competing-and currently dominant-equilibrium dynamics. The book is organized into five parts. Part I covers background models of market-clearing and nonmarket-clearing approaches. Part II introduces short-run monetary models of macroeconomic fluctuations that build on the dynamic interaction of product, labor, and financial markets. Part III explores monetary instability in variants with capital accumulation and growth. Part IV explores supply and demand side Keynesian business cycles and monetary-type growth models. Part V considers the role of the financial sector as a source of instability and fluctuations.
Table of Contents
- Part 1 Market mechanisms and macrodynamics - basic models: micro- and macroeconomic adjustment mechanisms - a brief overview
- market fluctuations and boundedness of market fluctuations
- non-neoclassical variants of dynamic macroeconomics
- neoclassical variants of dynamic macroeconomies. Part 2 Price flexibility, nominal rigidity, and macrodynamics: wage flexibility and stability in the short run wage flexibility and instability in the medium run. Part 3 AD-AS and IS-LM models of monetary growth: Keynesian growth dymanics, perfect foresight and viability
- adaptive expectations or myopic perfect foresight - the wrong alternative. Part 4 Supply and demand side models of Keynesian growth dynamics: supply side Keynesianism and the classical growth cycle
- inflation, distribution, and cycles in a Keynesian monetary growth model. Part 5 Finance, long-term expectations, and macro fluctuations: finance, expectations dynamics, and macro fluctuations
- trends and cycles in the capital structure.
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