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Author : Michael C. Blad
Publisher :
ISBN 13 :
Total Pages : 322 pages
Book Rating : 4.:/5 (122 download)
Download or read book Dynamic Models in Disequilibrium Theory written by Michael C. Blad and published by . This book was released on 2020 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : P. Jean-Jacques Herings
Publisher : Springer Science & Business Media
ISBN 13 : 1461562511
Total Pages : 509 pages
Book Rating : 4.4/5 (615 download)
Download or read book Static and Dynamic Aspects of General Disequilibrium Theory written by P. Jean-Jacques Herings and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 509 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mathematical economics uses mathematical tools and reasoning to describe and explain economic reality. At the core of mathematical economics is general equilibrium theory. Static and Dynamic Aspects of General Disequilibrium Theory describes and analyses various general equilibrium models, treating theory from an axiomatic point of view, which may lead to a deeper understanding of problems, may help to avoid incorrect reasoning, and may improve communication within the economic science. This volume consists of four parts, each of which is self-contained. Part I deals with the mathematical and economic preliminaries. Part II considers the static aspects of disequilibrium theory. Part III determines price rigidities endogenously. Finally, Part IV deals with dynamic aspects of disequilibrium theory.
Author : William A. Barnett
Publisher : Cambridge University Press
ISBN 13 : 9780521462754
Total Pages : 556 pages
Book Rating : 4.4/5 (627 download)
Download or read book Dynamic Disequilibrium Modeling: Theory and Applications written by William A. Barnett and published by Cambridge University Press. This book was released on 1996-06-13 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: . The organizers of the ninth symposium, which produced the current proceedings volume, were Claude Hillinger at the University of Munich, Giancarlo Gandolfo at the University of Rome "La Sapienza," A. R. Bergstrom at the University of Essex, and P. C. B. Phillips at Yale University.
Author : Michael C. Blad
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (471 download)
Download or read book Dynamic Models in Disequilibrium Theory written by Michael C. Blad and published by . This book was released on 1979 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michael C. Blad
Publisher :
ISBN 13 :
Total Pages : 322 pages
Book Rating : 4.:/5 (22 download)
Download or read book Dynamical Models in Disequilibrium Theory written by Michael C. Blad and published by . This book was released on 1979 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Carl Chiarella
Publisher : Springer Science & Business Media
ISBN 13 : 3662040700
Total Pages : 487 pages
Book Rating : 4.6/5 (62 download)
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.
Author : Burkhard Heer
Publisher : Springer Science & Business Media
ISBN 13 : 3540273123
Total Pages : 548 pages
Book Rating : 4.5/5 (42 download)
Download or read book Dynamic General Equilibrium Modelling written by Burkhard Heer and published by Springer Science & Business Media. This book was released on 2005-12-05 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. Many mathematical tools are needed to solve these models. The book presents various methods for computing the dynamics of general equilibrium models. In part I, the representative-agent stochastic growth model is solved with the help of value function iteration, linear and linear quadratic approximation methods, parameterised expectations and projection methods. In order to apply these methods, fundamentals from numerical analysis are reviewed in detail. Part II discusses methods for solving heterogeneous-agent economies. In such economies, the distribution of the individual state variables is endogenous. This part of the book also serves as an introduction to the modern theory of distribution economics. Applications include the dynamics of the income distribution over the business cycle or the overlapping-generations model. Through an accompanying home page to this book, computer codes to all applications can be downloaded.
Author : Carl Chiarella
Publisher :
ISBN 13 :
Total Pages : 115 pages
Book Rating : 4.:/5 (129 download)
Download or read book Disequilibrium Growth Theory written by Carl Chiarella and published by . This book was released on 2006 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we survey, also for the general reader interested in the non-market cleaning approach to growth and fluctuations, the foundations, the core model and the general framework underlying our joint work on integrated disequilibrium models of monetary growth, drawing also on joint work with further co-authors in various places. We found the basic working model of this type on appropriately reformulated and extended partial dynamic models already existing in the literature. We then develop the obtained working model further into a theoretical continuous-time disequilibrium growth model of a very general nature. We then show that there are strong relationships between our general model and models currently used for structural macroeconomic model-building and their applications. In this way we want to contribute both to the further development and analysis of full-sized theoretical models of disequilibrium growth and to the theoretical penetration of their modern counterparts in the applied literature. Such development and analysis is based on detailed steady state analyses, on use of theoretical investigations of all important subdynamics that are there involved (in isolation as well as in their interaction) and, on computer simulations based on a variety of modern numerical tools of nonlinear dynamical analysis.
Author : Carl Chiarella
Publisher : Cambridge University Press
ISBN 13 : 9781139448215
Total Pages : 572 pages
Book Rating : 4.4/5 (482 download)
Download or read book Foundations for a Disequilibrium Theory of the Business Cycle written by Carl Chiarella and published by Cambridge University Press. This book was released on 2005-10-27 with total page 572 pages. Available in PDF, EPUB and Kindle. Book excerpt: Building on The Dynamics of Keynesian Monetary Growth by Chiarella and Flaschel (2000), this 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 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.
Author : Tönu Puu
Publisher : Springer
ISBN 13 : 3319744151
Total Pages : 306 pages
Book Rating : 4.3/5 (197 download)
Download or read book Disequilibrium Economics written by Tönu Puu and published by Springer. This book was released on 2018-04-02 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses mathematical models for various applications in economics, with a focus on non-linear dynamics. Based on the author’s over 50 years of active work in the field, the book has been inspired by models from the period between 1920 and 1950. Following a brief introduction to economics for mathematicians and other modelers, it assembles a repository of useful specific functions for global dynamic modeling. Furthermore, twelve “research stubs” – outlined research agendas that have not yet been fully worked on – are suggested for further study and could even be expanded to entire research projects. The book is a valuable resource, particularly for young scientists who are skilled in mathematical and computational techniques and are looking for applications in economics.
Author : Peter Flaschel
Publisher : MIT Press
ISBN 13 : 9780262061919
Total Pages : 484 pages
Book Rating : 4.0/5 (619 download)
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.
Author : Charles van Marrewijk
Publisher : Ashgate Publishing
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.3/5 (91 download)
Download or read book Disequilibrium Growth Theory written by Charles van Marrewijk and published by Ashgate Publishing. This book was released on 1993 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Static disequilibrium economic theory fails to analyse the dynamic effects of market disequilibrium, whereas standard growth theory always assumes markets to be in equilibrium. Both shortcomings can be overcome by disequilibrium growth theory. A problem arises, however, because different short term disequilibrium regimes give rise to differential equations. The dynamic analysis, therefore, has to take into consideration the possibility of regime switching. Various solutions have been put forward for this problem, but they generally do not give unique solutions. The method developed by Filippov gives a unique solution that coincides with the classical solution to differential equations in the interior of the regimes. This approach has been used in several papers in the past decade. This book seeks to fill the gap in the literature on what has been achieved so far.
Author : Åke E. Andersson
Publisher : Edward Elgar Publishing
ISBN 13 : 1783470887
Total Pages : 283 pages
Book Rating : 4.7/5 (834 download)
Download or read book Time, Space and Capital written by Åke E. Andersson and published by Edward Elgar Publishing. This book was released on 2017-07-28 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this challenging book, the authors demonstrate that economists tend to misunderstand capital. Frank Knight was an exception, as he argued that because all resources are more or less durable and have uncertain future uses they can consequently be classed as capital. Thus, capital rather than labor is the real source of creativity, innovation, and accumulation. But capital is also a phenomenon in time and in space. Offering a new and path-breaking theory, they show how durable capital with large spatial domains — infrastructural capital such as institutions, public knowledge, and networks — can help explain the long-term development of cities and nations.
Author : Jean-Paul Lambert
Publisher : CUP Archive
ISBN 13 : 9780521322096
Total Pages : 204 pages
Book Rating : 4.3/5 (22 download)
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:
Author : Jess Benhabib
Publisher :
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.:/5 (833 download)
Download or read book Stability of Equilibrium in Dynamic Models of Capital Theory written by Jess Benhabib and published by . This book was released on 1980 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Matthias Ruth
Publisher : Springer Science & Business Media
ISBN 13 : 1461422094
Total Pages : 324 pages
Book Rating : 4.4/5 (614 download)
Download or read book Modeling Dynamic Economic Systems written by Matthias Ruth and published by Springer Science & Business Media. This book was released on 2012-02-08 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the dynamic processes in economic systems, concentrating on the extraction and use of the natural resources required to meet economic needs. Sections cover methods for dynamic modeling in economics, microeconomic models of firms, modeling optimal use of both nonrenewable and renewable resources, and chaos in economic models. This book does not require a substantial background in mathematics or computer science.
Author : Martin M. Guzman
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (119 download)
Download or read book Towards a Dynamic Disequilibrium Theory with Randomness written by Martin M. Guzman and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most macroeconomic crises, such as the 2008 Global Financial Crisis, are associated with endogenous large changes in beliefs and understandings about the workings of the economy. Such downturns and crises are not consistent with the standard paradigm of a well-functioning competitive economy, and macroeconomic equilibrium models based on that paradigm have failed to predict the possibility of those downturns, to explain them, or even to design appropriate policy responses. The framework assumes there are no macroeconomic inconsistencies--all plans are realized, all budget constraints honored.
