Economic Growth and Macroeconomic Dynamics

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Author :
Publisher : Cambridge University Press
ISBN 13 : 9781139452342
Total Pages : 206 pages
Book Rating : 4.4/5 (523 download)

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Book Synopsis Economic Growth and Macroeconomic Dynamics by : Steve Dowrick

Download or read book Economic Growth and Macroeconomic Dynamics written by Steve Dowrick and published by Cambridge University Press. This book was released on 2004-05-31 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: The development of the endogenous growth model rekindled interest in growth theory. In contrast to the neo-classical model, long-run endogenous growth emerged as an equilibrium outcome, reflecting the behaviour of optimizing agents in the economy. This book brings together a number of contributions in growth theory and macroeconomic dynamics, reflecting these developments and the ongoing debate over the relative merits of neo-classical and endogenous growth models. It focuses on the emergence of three important aspects: First, it develops growth models that extend the underlying theory in different directions. Second, it addresses one of the concerns of the literature on growth and dynamics: the statistical properties of underlying data and the effort to ensure that growth models are consistent with empirical evidence. Third, it discusses the increasingly international focus of macrodynamics and growth theory, an inevitable consequence of the integration of the world economy.

Dynamic Macroeconomics

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Author :
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.

Rapid Growth and Relative Decline

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Author :
Publisher : Springer
ISBN 13 : 0230375871
Total Pages : 203 pages
Book Rating : 4.2/5 (33 download)

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Book Synopsis Rapid Growth and Relative Decline by : M. Setterfield

Download or read book Rapid Growth and Relative Decline written by M. Setterfield and published by Springer. This book was released on 1996-12-17 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do high rates of economic growth create conditions favourable to their own maintenance? Or can a period of high growth 'sow the seeds of its own destruction'? This book addresses these questions by conceiving growth and structural change as path dependent processes. Methodological, theoretical and empirical insights are combined in an extended model of cumulative causation, which shows how endogenously induced technological and institutional changes may cause the dynamics of a period of high growth to break down. This casts new light on the debate over Britain's economic decline.

Dynamic Macroeconomics

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Author :
Publisher : MIT Press
ISBN 13 : 0262043017
Total Pages : 801 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis Dynamic Macroeconomics by : George Alogoskoufis

Download or read book Dynamic Macroeconomics written by George Alogoskoufis and published by MIT Press. This book was released on 2019-12-17 with total page 801 pages. Available in PDF, EPUB and Kindle. Book excerpt: An advanced treatment of modern macroeconomics, presented through a sequence of dynamic equilibrium models, with discussion of the implications for monetary and fiscal policy. This textbook offers an advanced treatment of modern macroeconomics, presented through a sequence of dynamic general equilibrium models based on intertemporal optimization on the part of economic agents. The book treats macroeconomics as applied and policy-oriented general equilibrium analysis, examining a number of models, each of which is suitable for investigating specific issues but may be unsuitable for others. After presenting a brief survey of the evolution of macroeconomics and the key facts about long-run economic growth and aggregate fluctuations, the book introduces the main elements of the intertemporal approach through a series of two-period competitive general equilibrium models—the simplest possible intertemporal models. This sets the stage for the remainder of the book, which presents models of economic growth, aggregate fluctuations, and monetary and fiscal policy. The text focuses on a full analysis of a limited number of key intertemporal models, which are stripped down to essentials so that students can focus on the dynamic properties of the models. Exercises encourage students to try their hands at solving versions of the dynamic models that define modern macroeconomics. Appendixes review the main mathematical techniques needed to analyze optimizing dynamic macroeconomic models. The book is suitable for advanced undergraduate and graduate students who have some knowledge of economic theory and mathematics for economists.

Complex Economic Dynamics

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Publisher :
ISBN 13 : 9780262528603
Total Pages : 0 pages
Book Rating : 4.5/5 (286 download)

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Book Synopsis Complex Economic Dynamics by : Richard H. Day

Download or read book Complex Economic Dynamics written by Richard H. Day and published by . This book was released on 2000-02 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: V. 1. An introduction to dynamical systems and market mechanisms -- v. 2. An introduction to macroeconomics dynamics.

Methods of Macroeconomic Dynamics

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Publisher : MIT Press
ISBN 13 : 9780262201230
Total Pages : 698 pages
Book Rating : 4.2/5 (12 download)

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Book Synopsis Methods of Macroeconomic Dynamics by : Stephen J. Turnovsky

Download or read book Methods of Macroeconomic Dynamics written by Stephen J. Turnovsky and published by MIT Press. This book was released on 2000 with total page 698 pages. Available in PDF, EPUB and Kindle. Book excerpt: Just as macroeconomic models describe the overall economy within a changing, or dynamic, framework, the models themselves change over time. In this text Stephen J. Turnovsky reviews in depth several early models as well as a representation of more recent models. They include traditional (backward-looking) models, linear rational expectations (future-looking) models, intertemporal optimization models, endogenous growth models, and continuous time stochastic models. The author uses examples from both closed and open economies. Whereas others commonly introduce models in a closed context, tacking on a brief discussion of the model in an open economy, Turnovsky integrates the two perspectives throughout to reflect the increasingly international outlook of the field. This new edition has been extensively revised. It contains a new chapter on optimal monetary and fiscal policy, and the coverage of growth theory has been expanded substantially. The range of growth models considered has been extended, with particular attention devoted to transitional dynamics and nonscale growth. The book includes cutting-edge research and unpublished data, including much of the author's own work.

The Impact of Science on Economic Growth and its Cycles

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Author :
Publisher : Springer
ISBN 13 : 9783540647270
Total Pages : 204 pages
Book Rating : 4.6/5 (472 download)

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Book Synopsis The Impact of Science on Economic Growth and its Cycles by : Arvid Aulin

Download or read book The Impact of Science on Economic Growth and its Cycles written by Arvid Aulin and published by Springer. This book was released on 1998-09-17 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author shows that the enormous gap between theory and facts in modern macroeconomics can only be eliminated by nonlinear macroeconomic dynamics with the following special characteristics: First of all, only certain group-theoretical invariants generate the correct growth cycles with irregularly varying lengths, not any stochastic process as usually applied for this purpose. Furthermore, a special extended value function and generalized human capital are needed for a correct representation of scientific and technological innovation. Finally, the correct nonlinear macroeconomic dynamics are not reducible to microeconomics, for both of the above mentioned reasons.

Rapid Growth and Relative Decline

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Author :
Publisher : Macmillan Pub Limited
ISBN 13 : 9780333637364
Total Pages : 203 pages
Book Rating : 4.6/5 (373 download)

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Book Synopsis Rapid Growth and Relative Decline by : Mark Setterfield

Download or read book Rapid Growth and Relative Decline written by Mark Setterfield and published by Macmillan Pub Limited. This book was released on 1997-01-01 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do high rates of economic growth create conditions favourable to its own maintenance? Or can a period of high growth 'sow the seeds of its own destruction'? In this book, Mark Setterfield attempts to answer questions of this nature.

Complex Economic Dynamics: An introduction to macroeconomic dynamics

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Publisher :
ISBN 13 :
Total Pages : 430 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Complex Economic Dynamics: An introduction to macroeconomic dynamics by : Richard Hollis Day

Download or read book Complex Economic Dynamics: An introduction to macroeconomic dynamics written by Richard Hollis Day and published by . This book was released on 1994 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The two volumes of Complex Economic Dynamics show that, far from being a passing trend in economic research, complex dynamics belongs at the heart of the subject. Although they can be read independently, the volumes follow a logical sequence. Volume 1 contained nontechnical introductions to the basics of economic change and to the mathematical and theoretical tools used to describe them. Volume 2, which is concerned with macroeconomic dynamics, looks at the economy as a whole. Topics include business cycles, economic growth, economic development, and dynamical economic science and policy. The book concludes with the author's reflections on the implications of complex dynamics for economic theory, quantitative research, and government policy."--Pub. desc.

Disequilibrium, Growth and Labor Market Dynamics

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Author :
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.

Models for Dynamic Macroeconomics

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Author :
Publisher : Oxford University Press on Demand
ISBN 13 : 0199266824
Total Pages : 290 pages
Book Rating : 4.1/5 (992 download)

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Book Synopsis Models for Dynamic Macroeconomics by : Fabio C. Bagliano

Download or read book Models for Dynamic Macroeconomics written by Fabio C. Bagliano and published by Oxford University Press on Demand. This book was released on 2004 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title provides the student with key methodological tools for the dynamic analysis of a core selection of macroeconomic phenomena, including consumption and investment choices, employment and unemployment outcomes, and economic growth.

Market Imperfections and Macroeconomic Dynamics

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Publisher : Springer Science & Business Media
ISBN 13 : 1475735987
Total Pages : 222 pages
Book Rating : 4.4/5 (757 download)

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Book Synopsis Market Imperfections and Macroeconomic Dynamics by : Jean-Olivier Hairault

Download or read book Market Imperfections and Macroeconomic Dynamics written by Jean-Olivier Hairault and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Market Imperfections and Macroeconomic Dynamics is based upon a collection of papers originally presented at the 5th Theory and Methods in Macroeconomics (T2M) meeting in Paris, France, 2002. The contributions in this volume focus on a central theme: the aggregate dynamic consequences of market imperfections. Such effects are of great interest to researchers in macroeconomics as these imperfections play a primary role in the persistence of aggregate output, the characteristics of the business cycles and the interactions of agents over time. Incorporating up-to-date techniques and methods, these contributions exemplify the remarkable progress made by macroeconomists in tackling these issues. The primary market for Market Imperfections and Macroeconomic Dynamics is academic researchers in economics and graduate students specializing in macroeconomics. Divisions of economic studies in public administration and in financial organizations will also find this book beneficial.

Emergent Macroeconomics

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Publisher : Springer Science & Business Media
ISBN 13 : 8847007259
Total Pages : 120 pages
Book Rating : 4.8/5 (47 download)

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Book Synopsis Emergent Macroeconomics by : Domenico Gatti

Download or read book Emergent Macroeconomics written by Domenico Gatti and published by Springer Science & Business Media. This book was released on 2008-12-05 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: This valuable book contributes substantively to the current state-of-the-art of macroeconomics. It provides a method for building models in which business cycles and economic growth emerge from the interactions of a large number of heterogeneous agents. Drawing from recent advances in agent-based computational modeling, the authors show how insights from dispersed fields can be fruitfully combined to improve our understanding of macroeconomic dynamics.

A Theory of Economic Growth

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Author :
Publisher : Cambridge University Press
ISBN 13 : 9780521001151
Total Pages : 400 pages
Book Rating : 4.0/5 (11 download)

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Book Synopsis A Theory of Economic Growth by : David de la Croix

Download or read book A Theory of Economic Growth written by David de la Croix and published by Cambridge University Press. This book was released on 2002-10-24 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an in-depth treatment of the overlapping generations model in economics incorporating production.

Complex Economic Dynamics

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Publisher :
ISBN 13 : 9780262528603
Total Pages : 0 pages
Book Rating : 4.5/5 (286 download)

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Book Synopsis Complex Economic Dynamics by : Richard H. Day

Download or read book Complex Economic Dynamics written by Richard H. Day and published by . This book was released on 2000-02 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: V. 1. An introduction to dynamical systems and market mechanisms -- v. 2. An introduction to macroeconomics dynamics.

Recursive Methods in Economic Dynamics

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Publisher : Harvard University Press
ISBN 13 : 0674735188
Total Pages : 607 pages
Book Rating : 4.6/5 (747 download)

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Book Synopsis Recursive Methods in Economic Dynamics by : Nancy L. Stokey

Download or read book Recursive Methods in Economic Dynamics written by Nancy L. Stokey and published by Harvard University Press. This book was released on 1989-10-10 with total page 607 pages. Available in PDF, EPUB and Kindle. Book excerpt: This rigorous but brilliantly lucid book presents a self-contained treatment of modern economic dynamics. Stokey, Lucas, and Prescott develop the basic methods of recursive analysis and illustrate the many areas where they can usefully be applied.

Emerging Topics in Macroeconomics

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Publisher :
ISBN 13 :
Total Pages : 384 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Emerging Topics in Macroeconomics by : Richard O. Bailly

Download or read book Emerging Topics in Macroeconomics written by Richard O. Bailly and published by . This book was released on 2009 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is devoted to new research on macroeconomics which is a branch of economics that deals with the performance, structure, and behaviour of a national or regional economy as a whole. Along with microeconomics, macroeconomics is one of the two most general fields in economics. Macroeconomists study aggregated indicators such as GDP, unemployment rates, and price indexes to understand how the whole economy functions. Macroeconomists develop models that explain the relationship between such factors as national income, output, consumption, unemployment, inflation, savings, investment, international trade and international finance. In contrast, microeconomics is primarily focused on the actions of individual agents, such as firms and consumers, and how their behaviour determines prices and quantities in specific markets. While macroeconomics is a broad field of study, there are two areas of research that are emblematic of the discipline: the attempt to understand the causes and consequences of short-run fluctuations in national income (the business cycle), and the attempt to understand the determinants of long-run economic growth (increases in national income). Macroeconomic models and their forecasts are used by both governments and large corporations to assist in the development and evaluation of economic policy and business strategy.