Disequilibrium Macroeconomic Models

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Publisher : CUP Archive
ISBN 13 : 9780521322096
Total Pages : 204 pages
Book Rating : 4.3/5 (22 download)

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Book Synopsis Disequilibrium Macroeconomic Models by : Jean-Paul Lambert

Download or read book Disequilibrium Macroeconomic Models written by Jean-Paul Lambert and published by CUP Archive. This book was released on 1988-05-26 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Estimation of Macroeconomic Disequilibrium Models with Regime Classification Information

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Publisher : Springer
ISBN 13 :
Total Pages : 148 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Estimation of Macroeconomic Disequilibrium Models with Regime Classification Information by : Glenn D. Rudebusch

Download or read book The Estimation of Macroeconomic Disequilibrium Models with Regime Classification Information written by Glenn D. Rudebusch and published by Springer. This book was released on 1987 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Disequilibrium Model in a Controlled Economy

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Publisher :
ISBN 13 :
Total Pages : 170 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Disequilibrium Model in a Controlled Economy by : David H. Howard

Download or read book The Disequilibrium Model in a Controlled Economy written by David H. Howard and published by . This book was released on 1979 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Transforming Modern Macroeconomics

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Publisher : Cambridge University Press
ISBN 13 : 110702319X
Total Pages : 239 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis Transforming Modern Macroeconomics by : Roger E. Backhouse

Download or read book Transforming Modern Macroeconomics written by Roger E. Backhouse and published by Cambridge University Press. This book was released on 2013 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1950s, macroeconomics has been transformed. This book is about one of the most important aspects of that transformation: the attempt, through the end of the twenty-first century and beyond, to construct macroeconomic models rigorously derived from models of individual firms and households.

Models of Disequilibrium and Shortage in Centrally Planned Economies

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Publisher : Springer Science & Business Media
ISBN 13 : 9400908237
Total Pages : 504 pages
Book Rating : 4.4/5 (9 download)

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Book Synopsis Models of Disequilibrium and Shortage in Centrally Planned Economies by : C.M. Davis

Download or read book Models of Disequilibrium and Shortage in Centrally Planned Economies written by C.M. Davis and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: The centrally planned economies (CPEs) of the Soviet Union and Eastern Europe have experienced severe imbalances in domestic and external markets over the past several decades. As a result, they have been chronically afflicted by problems such as excess demand, repressed inflation, deficits of commodities, queues, waiting lists, and forced savings. Economists have responded to these phenomena by developing appropriate theoretical and empirical models of CPEs. Of particular note have been the pioneering studies of Richard Portes on disequilibrium econometric models and Janos Kornai on the shortage economy. Each approach has attracted followers who have produced numerous, innovative macro- and microeconomic models of Poland, Czechoslovakia, the German Democratic Republic, Hungary, and the USSR. These models have proved to be of considerable value in the analysis of the causes, consequences and remedies of disequilibrium phenomena. Inevitably, the new research has also generated controversies both between and within the schools of shortage and disequilibrium modelling, concerning the fundamental nature of the socialist economy, theoretical concepts and definitions, the specification of models, estimation techniques, interpretation of empirical findings, and policy recommend ations. Furthermore, the research effort has been energetic but incomplete, so many gaps exist in the field.

Towards Operational Disequilibrium Macro Economics

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Publisher : Springer Science & Business Media
ISBN 13 : 9401735611
Total Pages : 182 pages
Book Rating : 4.4/5 (17 download)

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Book Synopsis Towards Operational Disequilibrium Macro Economics by : J.C. Siebrand

Download or read book Towards Operational Disequilibrium Macro Economics written by J.C. Siebrand and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most re cent contributions to disequilibrium theory have a high level of abstraction. Empirical studies explicitly based on disequilibrium are still relatively scarce. However, empirical macro economics anticipated the theoretical development, and amalgamated classical and Keynesian elements often without a clear-cut formal base. Now a theoretical integration of neo-classical and neo-Keynesian economics seems under way. There is a renewed interest in the micro-economic foundations of macroeconomics with a special focus on the behaviour of economic agents operating in non-clearing markets. In some instances these theoretical developments offer an ex post justification for empirical macro-economic practices. Generally however, they call for new ways of empirical macro-economic model building. This study operates on the border line between empirical macro economics and theoretical disequilibrium macro-economic theory. Our interest in macro-economic disequilibrium originates from the empirical side. Foreign trade relations for several countries revealed significant pressure of demand effects. Hence, the spillover of excess demand in domestic markets to foreign markets seemed a rather general phenomenon. This fact could be explained by a theory that states that actual demand for products from domestic ftrms will gene rally and systematically differ from the ex ante demand as suggested by equilibrium analysis. This latter demand concept comes close to Clower's 'notional demand' and Patinkin's 'potential demand'.

Disequilibrium, Growth and Labor Market Dynamics

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Publisher : Springer Science & Business Media
ISBN 13 : 9783540649090
Total Pages : 500 pages
Book Rating : 4.6/5 (49 download)

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Book Synopsis Disequilibrium, Growth and Labor Market Dynamics by : Carl Chiarella

Download or read book Disequilibrium, Growth and Labor Market Dynamics written by Carl Chiarella and published by Springer Science & Business Media. This book was released on 2000-03-16 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is a review which presents both a basic science and clinical perspective on neuroprotective approaches to acute and chronic neurodegenerative conditions. Experts from both fields review current areas of neuroprotection. The book describes basic science discovery in stroke research and the application of such research within the pharmaceutical industry leading to the development of neuroprotective drugs.

Disequilibrium, Growth and Labor Market Dynamics

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Publisher : Springer Science & Business Media
ISBN 13 : 3662040700
Total Pages : 487 pages
Book Rating : 4.6/5 (62 download)

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Book Synopsis Disequilibrium, Growth and Labor Market Dynamics by : Carl Chiarella

Download or read book Disequilibrium, Growth and Labor Market Dynamics written by Carl Chiarella and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 487 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book on disequilibrium, growth and labor market dynamics we take predominantly a macroeconomic perspective. We present a working model that can easily be varied in different directions in order to subsume innovations in the literature on macroeconomics, old and new, and to contribute to important currently discussed macroeconomic issues. Our working model is set up in a way that there is a close relationship between our presented dynamic models and modern macro econometric models with disequilibrium both in the labor and the goods markets. One of our objectives is, therefore, to narrow the gap between theoretical and applied structural macrodynamic model building. We hope that the book will be a useful reference for all researchers, academic teachers and practitioners of macroeconomic and macro econometric model building who are interested in economic dynamics, independently of whether they use equilibrium or disequilibrium methods in their own research. We base this hope on the fact that our approach contains a number of unique features. The emphasis on the identification and analysis of the basic feedback mechanisms at work in modern macro economies. A detailed study of the partial as well as integrated dynamic interaction between these feedback mechanisms that consti tute the interdependence of markets and sectors of the modern macro economy. The rela tionship between the macroeconomic framework of our working model and the Walrasian, Non-Walrasian and New-Keynesian reformulations of macroeconomics.

The Econometrics of Disequilibrium Models

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Publisher : Praeger
ISBN 13 :
Total Pages : 216 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Econometrics of Disequilibrium Models by : Vijay Kumar Lal Srivastava

Download or read book The Econometrics of Disequilibrium Models written by Vijay Kumar Lal Srivastava and published by Praeger. This book was released on 1990-09-25 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work is an accessible examination of the nature of various estimation methods written for those who have limited knowledge of economic theory. Some of the relatively simple methods can be implemented by using existing software packages. It reviews the Walrasian general equilibrium theory, compares the two genuine alternative frameworks for analyzing economic phenomena, and aids in establishing a necessary methodological consistency between analytical philosophy and the estimation methods in applied work on disequilibrium economics.

Revival: A Disequilibrium Macroeconometric Model for the Indian Economy (2003)

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Publisher : Routledge
ISBN 13 : 1351774883
Total Pages : 232 pages
Book Rating : 4.3/5 (517 download)

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Book Synopsis Revival: A Disequilibrium Macroeconometric Model for the Indian Economy (2003) by : Kaliappa Kalirajan

Download or read book Revival: A Disequilibrium Macroeconometric Model for the Indian Economy (2003) written by Kaliappa Kalirajan and published by Routledge. This book was released on 2017-07-12 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2003. This text presents a new approach to incorporating regional details on production in a disequilibrium macroeconometric model. The early studies on disequilibrium dealt with either partial-adjustment models or models involving excess demand or supplies in markets. In this study the authors consider a different type of disequilibrium model - one in which econometric analysis makes use of the varying coefficients stochastic production frontier approach, which permits estimation and analysis of production efficiencies of individual producers. The book also presents an innovative approach to production modelling in macro econometric models as it provides a useful framework for incorporating production efficiencies and regional details of production in the macro models. It is a pioneering study that combines the stochastic frontier approach with macro econometric modelling. Primarily focused on India, it also provides insights into problems in modelling economies of other developing countries.

Equilibrium and Disequilibrium in Economic Theory

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Publisher : Springer Science & Business Media
ISBN 13 : 9789027707383
Total Pages : 794 pages
Book Rating : 4.7/5 (73 download)

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Book Synopsis Equilibrium and Disequilibrium in Economic Theory by : G. Schwödiauer

Download or read book Equilibrium and Disequilibrium in Economic Theory written by G. Schwödiauer and published by Springer Science & Business Media. This book was released on 1977-12-31 with total page 794 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is the result of a conference held at the Institute for Advanced Studies, Vienna. There is still a gap reflected both in fundamental meth odological differences and in the style of analysis between the Walrasian (and Edgeworthian) tradition of general equilibrium theory and the theo retical and policy problems raised in the framework of Keynesian and post-Keynesian macroeconomics. The conference succeeded in bringing together economic theorists working in fields ranging from abstract prob lems of mathematical equilibrium analysis to applied macroeconomic theory, and it is hoped that the present volume will contribute to bridging the above-mentioned hiatus. As organizer of the meeting and editor of its proceedings I want to thank the Institute for Advanced Studies for providing facilities and funds. I am also sincerely grateful to all my colleagues from the Institute for their generous help, in particular to Mrs Monika Herkner without whose assistance and organizational talent the conference would certainly not have been the success it in fact - in the opinion of all participants - turned out to have been. Furthermore, I wish to express my gratitude towards all participants in the meeting and contributors to the volume whose patient support of the whole enterprise proved indispensable. To Mrs Elfriede Auracher I am deeply indebted for her skillful and effective general management of the editorial work and her invaluable assistance in compiling the indexes.

Dynamic Macroeconomics

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Publisher : MIT Press
ISBN 13 : 9780262061919
Total Pages : 484 pages
Book Rating : 4.0/5 (619 download)

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Book Synopsis Dynamic Macroeconomics by : Peter Flaschel

Download or read book Dynamic Macroeconomics written by Peter Flaschel and published by MIT Press. This book was released on 1997 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: An attempt to revitalize the traditions of nonmarket clearing approaches to macroeconomics. Using tools from dynamic analysis, the text introduces a consistent, integrated framework for disequilibrium macroeconomic dynamics and explore its relationship to the competing equilibrium dynamics.

The Economics of Market Disequilibrium

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Publisher :
ISBN 13 :
Total Pages : 272 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Economics of Market Disequilibrium by : Jean-Pascal Bénassy

Download or read book The Economics of Market Disequilibrium written by Jean-Pascal Bénassy and published by . This book was released on 1982 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microeconomics; Market equilibrium and disequilib rium; Disequilibrium trading and quantity signals; Effective demand: A first approach; Effective demand and spillover effects; Price making; Non-Walrasian equilibrium concepts; The general framework; Fixprice equilibria; Expectations and temporary fixprice equilibria; Temporary equilibria with price makers; Efficiency; Macroeconomics; A model of unemployment; Unemployment and expectations; A model of unemployment with flexible price; A model of inflation.

Estimation of Disequilibrium Models

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Publisher : Springer Science & Business Media
ISBN 13 : 3642483402
Total Pages : 124 pages
Book Rating : 4.6/5 (424 download)

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Book Synopsis Estimation of Disequilibrium Models by : Hans-Jürg Büttler

Download or read book Estimation of Disequilibrium Models written by Hans-Jürg Büttler and published by Springer Science & Business Media. This book was released on 2013-03-08 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph grew out of a project which was sponsored by the Swiss National Foundation ("Schweizerischer Nationalfonds") under grant no. 4. 636-0. 83. 09. Yithin this project, prediction-oriented estimation methods for the canonical econometric disequilibrium model were developed. The present monograph deals with the application of these estimation techniques to three aggregative markets of the Swiss economy. Parts of the monograph have been presented at various places: the estimation techniques described in chapter 3 at the European Meeting of the Econometric Society, Madrid 1984; the application to residential investment described in chapter 4 at a symposium on housing policy at the University of Mannheim, 1984; the empirical study on the money stock described in chapter 5 at the Symposium on Money, Banking and Insurance held at the University of Karlsruhe, 1984, as well as at a joint seminar of the University of Basle and the Bank for International Settlements (BIS), 1985; and, finally, the empirical study on the aggregate labor market described in chapter 6 at a seminar of the University of ZUrich, 1985. Comments from toe seminar participants, in particular from Palle S. Andersen (BIS) who served as a discussant, Pascal Bridel (Swiss National Bank, SNB), Franz Ettlin (SNB), and Kurt Schiltknecht (Nordfinanz-Bank, Zurich) are gratefully acknowledged, without implying any responsibility on their part. The methodological part described in chapters 2 and 3 is contributed by G. Frei and B.

A History of Macroeconomics from Keynes to Lucas and Beyond

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Publisher : Cambridge University Press
ISBN 13 : 0521898439
Total Pages : 451 pages
Book Rating : 4.5/5 (218 download)

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Book Synopsis A History of Macroeconomics from Keynes to Lucas and Beyond by : Michel De Vroey

Download or read book A History of Macroeconomics from Keynes to Lucas and Beyond written by Michel De Vroey and published by Cambridge University Press. This book was released on 2016-01-08 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book retraces the history of macroeconomics from Keynes's General Theory to the present. Central to it is the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era, each ruled by distinct methodological standards. In the Keynesian era, the book studies the following theories: Keynesian macroeconomics, monetarism, disequilibrium macro (Patinkin, Leijongufvud, and Clower) non-Walrasian equilibrium models, and first-generation new Keynesian models. Three stages are identified in the DSGE era: new classical macro (Lucas), RBC modelling, and second-generation new Keynesian modeling. The book also examines a few selected works aimed at presenting alternatives to Lucasian macro. While not eschewing analytical content, Michel De Vroey focuses on substantive assessments, and the models studied are presented in a pedagogical and vivid yet critical way.

Microfoundations Reconsidered

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Publisher : Edward Elgar Publishing
ISBN 13 : 1781004102
Total Pages : 257 pages
Book Rating : 4.7/5 (81 download)

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Book Synopsis Microfoundations Reconsidered by : Pedro Garcia Duarte

Download or read book Microfoundations Reconsidered written by Pedro Garcia Duarte and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most macroeconomists agree that we live in the age of microfoundations. The recent worldwide financial crisis may have emboldened critics of this microfoundational orthodoxy, but it remains the dominant view that macroeconomic models must go beyond supply and demand functions to the level of individual decision-making, taking into account the general dynamic environment where agents live. Microfoundations Reconsidered seeks to reassess how the relationship of micro and macroeconomics evolved over time. The highly regarded contributors to the book argue that the standard narrative of microfoundations is likely to be unreliable. They therefore re-examine the history of the relationship of microeconomics and macroeconomics, starting from their emergence as self-consciously distinct fields within economics in the early 1930s. They seek to go beyond the conventional history that is often told and written by practicing economists. From different perspectives they challenge the association of microfoundations with Robert Lucas and rational expectations and offer both a more complete and a deeper reading of the relationship between micro and macroeconomics. Microfoundations Reconsidered is a valuable addition to the macroeconomic research literature. It is ideally suited to students, scholars, researchers, and practitioners with an interest in macro and microeconomics and the history of economics.

Aggregate Demand and Supply

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Publisher : Springer
ISBN 13 : 1349262935
Total Pages : 240 pages
Book Rating : 4.3/5 (492 download)

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Book Synopsis Aggregate Demand and Supply by : B. Bhaskara Rao

Download or read book Aggregate Demand and Supply written by B. Bhaskara Rao and published by Springer. This book was released on 2016-07-27 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'I wish Professor Rao and his collaborators every success in ensuring that future generations of students do not have to put up with logically incoherent foundations to their understanding of modern economic systems' - G.C. Harcourt, Jesus College, Cambridge There is now an increasing realisation that the popular textbook macroeconomic model of aggregate demand and supply is logically incorrect. While there is a broad agreement among the critiques on these logical flaws there has been no such agreement on how the basic textbook macromodel should be modified. The essays in this volume contain very promising alternative models which will significantly influence the way macroeconomics will be taught in the future.