Essays On Dynamic Macroeconomics

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Essays in Economic Dynamics

Author : Akio Matsumoto
Publisher : Springer
ISBN 13 : 981101521X
Total Pages : 257 pages
Book Rating : 4.8/5 (11 download)

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Book Synopsis Essays in Economic Dynamics by : Akio Matsumoto

Download or read book Essays in Economic Dynamics written by Akio Matsumoto and published by Springer. This book was released on 2016-09-22 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reflects the state of the art in nonlinear economic dynamics, providing a broad overview of dynamic economic models at different levels. The wide variety of approaches ranges from theoretical and simulation analysis to methodological study. In particular, it examines the local and global asymptotical behavior of both macro- and micro- level mathematical models, theoretically as well as using simulation. It also focuses on systems with one or more time delays for which new methodology has to be developed to investigate their asymptotic properties. The book offers a comprehensive summary of the existing methodology with extensions to the more complex model variants, since considerations on bounded rationality of complex economic behavior provide the foundation underlying choice-theoretic and policy-oriented studies of macro behavior, which impact the real macro economy. It includes 13 chapters addressing traditional models such as monopoly, duopoly and oligopoly in microeconomics and Keynesian, Goodwinian, and Kaldor–Kaleckian models in macroeconomics. Each chapter presents new aspects of these traditional models that have never been seen before. This work renews the past wisdom and reveals tomorrow's knowledge.

A Critical Essay on Modern Macroeconomic Theory

Author : Frank Hahn
Publisher : MIT Press
ISBN 13 : 9780262581547
Total Pages : 174 pages
Book Rating : 4.5/5 (815 download)

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Book Synopsis A Critical Essay on Modern Macroeconomic Theory by : Frank Hahn

Download or read book A Critical Essay on Modern Macroeconomic Theory written by Frank Hahn and published by MIT Press. This book was released on 1997 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the early 1980s, rational expectations and new classical economics dominated macroeconomic theory. This essay evolved from theauthors' profound disagreement with that trend. It demonstrates notonly how the new classical view got macroeconomics wrong, but also howto go about doing macroeconomics the right way.

Essays on Wage Bargaining in Dynamic Macroeconomics

Author : Oliver Claas
Publisher : Springer Nature
ISBN 13 : 3319978284
Total Pages : 161 pages
Book Rating : 4.3/5 (199 download)

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Book Synopsis Essays on Wage Bargaining in Dynamic Macroeconomics by : Oliver Claas

Download or read book Essays on Wage Bargaining in Dynamic Macroeconomics written by Oliver Claas and published by Springer Nature. This book was released on 2019-11-20 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses collective bargaining in an intertemporal monetary macroeconomy of the aggregate supply–aggregate demand (AS–AD) type with overlapping generations of consumers and with a public sector. The results are presented in a unified framework with a commodity market that clears competitively. By analyzing the implications of three variants of collective bargaining – efficient bargaining in a uniform and a segmented labor market and “right-to-manage” wage bargaining – it identifies the quantity of money, price expectations, union power, and union size as the determinants of temporary equilibria. In the three scenarios, it characterizes and compares the temporary equilibria using both analytical and numerical techniques, with an emphasis on allocations, welfare, and efficiency. It also discusses the dynamic evolution under rational expectations and its steady states in nominal and real terms. Lastly, it demonstrates conditions for stability regarding a balanced monetary expansion of the economy.

The Hamiltonian Approach to Dynamic Economics

Author : David Cass
Publisher : Academic Press
ISBN 13 : 1483266850
Total Pages : 212 pages
Book Rating : 4.4/5 (832 download)

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Book Synopsis The Hamiltonian Approach to Dynamic Economics by : David Cass

Download or read book The Hamiltonian Approach to Dynamic Economics written by David Cass and published by Academic Press. This book was released on 2014-05-10 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Hamiltonian Approach to Dynamic Economics focuses on the application of the Hamiltonian approach to dynamic economics and attempts to provide some unification of the theory of heterogeneous capital. Emphasis is placed on the stability of long-run steady-state equilibrium in models of heterogeneous capital accumulation. Generalizations of the Samuelson-Scheinkman approach are also given. Moreover, conditions are sought on the geometry of the Hamiltonian function (that is, on static technology) that suffice to preserve under (not necessarily small) perturbation the basic properties of the Hamiltonian dynamical system. Comprised of eight essays, this book begins with an introduction to Hamiltonian dynamics in economics, followed by a discussion on optimal steady states of n-sector growth models when utility is discounted. Optimal growth and decentralized or descriptive growth models in both continuous and discrete time are treated as applications of Hamiltonian dynamics. Theproblem of optimal growth with zero discounting is considered, with emphasis on a steepness condition on the Hamiltonian function. The general problem of decentralized growth with instantaneously adjusted expectations about price changes is also analyzed, along with the global asymptotic stability of optimal control systems with applications to the theory of economic growth. This monograph will be of value to mathematicians and economists.

Dynamic Macroeconomics

Author : George Alogoskoufis
Publisher : MIT Press
ISBN 13 : 0262355124
Total Pages : 801 pages
Book Rating : 4.2/5 (623 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.

Three Essays in Dynamic Open-economy Macroeconomics

Author : Peter Michael Summers
Publisher :
ISBN 13 :
Total Pages : 152 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Three Essays in Dynamic Open-economy Macroeconomics by : Peter Michael Summers

Download or read book Three Essays in Dynamic Open-economy Macroeconomics written by Peter Michael Summers and published by . This book was released on 1993 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Money, Macroeconomics, and Economic Policy

Author : William C. Brainard
Publisher : MIT Press
ISBN 13 : 9780262023252
Total Pages : 392 pages
Book Rating : 4.0/5 (232 download)

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Book Synopsis Money, Macroeconomics, and Economic Policy by : William C. Brainard

Download or read book Money, Macroeconomics, and Economic Policy written by William C. Brainard and published by MIT Press. This book was released on 1991 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: These original contributions celebrate and extend Tobin's contributions to macroeconomics, international economics, finance, and economic policy.

Roy Harrod

Author : Esteban Pérez Caldentey
Publisher : Springer Nature
ISBN 13 : 1349740853
Total Pages : 467 pages
Book Rating : 4.3/5 (497 download)

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Book Synopsis Roy Harrod by : Esteban Pérez Caldentey

Download or read book Roy Harrod written by Esteban Pérez Caldentey and published by Springer Nature. This book was released on 2019-09-10 with total page 467 pages. Available in PDF, EPUB and Kindle. Book excerpt: This landmark book describes and analyzes the original contributions Sir Roy Harrod made to fields including microeconomics, macroeconomics, international trade and finance, growth theory, trade cycle analysis and economic methodology. Harrod’s prolific writings reflect an astounding and unique intellectual capacity, and a wide range of interests. He became Keynes ́ biographer and wrote a volume on inductive logic. At the policy level, Harrod played a central role in the formulation of the Keynes ́ Clearing Union plan for international monetary reform. He also actively participated in British politics and government and gained recognition as an expert in the field of international economics. Yet, until now, Harrod has remained an underrated economist, commonly misunderstood and misrepresented. This is the first major intellectual biography of Harrod to be published.

Dynamic Perspectives on Managerial Decision Making

Author : Herbert Dawid
Publisher : Springer
ISBN 13 : 3319391208
Total Pages : 518 pages
Book Rating : 4.3/5 (193 download)

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Book Synopsis Dynamic Perspectives on Managerial Decision Making by : Herbert Dawid

Download or read book Dynamic Perspectives on Managerial Decision Making written by Herbert Dawid and published by Springer. This book was released on 2016-09-15 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume collects research papers addressing topical issues in economics and management with a particular focus on dynamic models which allow to analyze and foster the decision making of firms in dynamic complex environments. The scope of the contributions ranges from daily operational challenges firms face to strategic choices in dynamic industry environments and the analysis of optimal growth paths. The volume also highlights recent methodological developments in the areas of dynamic optimization, dynamic games and meta-heuristics, which help to improve our understanding of (optimal) decision making in a fast evolving economy.

Two Essays in Dynamic Economics

Author : Michael Seung Hon Lee
Publisher :
ISBN 13 :
Total Pages : 222 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Two Essays in Dynamic Economics by : Michael Seung Hon Lee

Download or read book Two Essays in Dynamic Economics written by Michael Seung Hon Lee and published by . This book was released on 1995 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Macroeconomic Analysis

Author : David Currie
Publisher : Routledge
ISBN 13 : 1317377699
Total Pages : 508 pages
Book Rating : 4.3/5 (173 download)

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Book Synopsis Macroeconomic Analysis by : David Currie

Download or read book Macroeconomic Analysis written by David Currie and published by Routledge. This book was released on 2015-09-16 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bringing together the proceedings of the 1979 and 1980 annual conferences of the Association of University Teachers of Economics the papers in this volume discuss: the effect of social security on private saving; an analysis of aggregate consumer behaviour; the philosophy and objectives of econometrics and other topics in macroeconomic and econometric analysis.

Economic Dynamics

Author : Roy Harrod
Publisher : Springer
ISBN 13 : 1349016969
Total Pages : 201 pages
Book Rating : 4.3/5 (49 download)

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Book Synopsis Economic Dynamics by : Roy Harrod

Download or read book Economic Dynamics written by Roy Harrod and published by Springer. This book was released on 1973-06-18 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Essays on Dynamic Macroeconomics

Author : Martin Flodén
Publisher :
ISBN 13 : 9789171539175
Total Pages : 128 pages
Book Rating : 4.5/5 (391 download)

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Book Synopsis Essays on Dynamic Macroeconomics by : Martin Flodén

Download or read book Essays on Dynamic Macroeconomics written by Martin Flodén and published by . This book was released on 1999 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Econometrics of Financial Markets

Author : John Y. Campbell
Publisher : Princeton University Press
ISBN 13 : 1400830214
Total Pages : 630 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis The Econometrics of Financial Markets by : John Y. Campbell

Download or read book The Econometrics of Financial Markets written by John Y. Campbell and published by Princeton University Press. This book was released on 2012-06-28 with total page 630 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past twenty years have seen an extraordinary growth in the use of quantitative methods in financial markets. Finance professionals now routinely use sophisticated statistical techniques in portfolio management, proprietary trading, risk management, financial consulting, and securities regulation. This graduate-level textbook is intended for PhD students, advanced MBA students, and industry professionals interested in the econometrics of financial modeling. The book covers the entire spectrum of empirical finance, including: the predictability of asset returns, tests of the Random Walk Hypothesis, the microstructure of securities markets, event analysis, the Capital Asset Pricing Model and the Arbitrage Pricing Theory, the term structure of interest rates, dynamic models of economic equilibrium, and nonlinear financial models such as ARCH, neural networks, statistical fractals, and chaos theory. Each chapter develops statistical techniques within the context of a particular financial application. This exciting new text contains a unique and accessible combination of theory and practice, bringing state-of-the-art statistical techniques to the forefront of financial applications. Each chapter also includes a discussion of recent empirical evidence, for example, the rejection of the Random Walk Hypothesis, as well as problems designed to help readers incorporate what they have read into their own applications.

Dynamic Macroeconomics

Author : Peter Flaschel
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.

Essays in Transportation Economics and Policy

Author : Jose A. Gomez-Ibanez
Publisher : Brookings Institution Press
ISBN 13 : 9780815715696
Total Pages : 592 pages
Book Rating : 4.7/5 (156 download)

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Book Synopsis Essays in Transportation Economics and Policy by : Jose A. Gomez-Ibanez

Download or read book Essays in Transportation Economics and Policy written by Jose A. Gomez-Ibanez and published by Brookings Institution Press. This book was released on 2011-01-01 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive survey of transportation economic policy pays homage to a classic work, Techniques of Transportation Planning, by renowned transportation scholar John R. Meyer. With contributions from leading economists in the field, it includes added emphasis on policy developments and analysis. The book covers the basic analytic methods used in transportation economics and policy analysis; focuses on the automobile, as both the mainstay of American transportation and the source of some of its most serious difficulties; covers key issues of urban public transportation; and analyzes the impact of regulation and deregulation on the U.S. airline, railroad, and trucking industries. In addition to the editors, the contributors are Alan A. Altshuler, Harvard University; Ronald R. Braeutigam, Northwestern University; Robert E. Gallamore, Union Pacific Railroad; Arnold M. Howitt, Harvard University; Gregory K. Ingram, The Wold Bank; John F. Kain, University of Texas at Dallas; Charles Lave, University of California, Irvine; Lester Lave, Carnegie Mellon University; Robert A. Leone, Boston University; Zhi Liu, The World Bank; Herbert Mohring, University of Minnesota; Steven A. Morrison, Northeastern University; Katherine M. O'Regan, Yale University; Don Pickrell, U.S. Department of Transportation; John M. Quigley, University of California, Berkeley; Ian Savage, Northwestern University; and Kenneth A. Small, University of California Irvine.

Essays in Dynamic General Equilibrium Theory

Author : Alessandro Citanna
Publisher : Springer Science & Business Media
ISBN 13 : 3540271929
Total Pages : 278 pages
Book Rating : 4.5/5 (42 download)

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Book Synopsis Essays in Dynamic General Equilibrium Theory by : Alessandro Citanna

Download or read book Essays in Dynamic General Equilibrium Theory written by Alessandro Citanna and published by Springer Science & Business Media. This book was released on 2006-01-11 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the area of dynamic economics, David Cass’s work has spawned a number of important lines of research, including the study of dynamic general equilibrium theory, the concept of sunspot equilibria, and general equilibrium theory when markets are incomplete. Based on these contributions, this volume contains new developments in the field, written by Cass's students and co-authors.