The Dynamics of Keynesian Monetary Growth
Macro Foundations
Peter Flaschel author Carl Chiarella author
Format:Paperback
Publisher:Cambridge University Press
Published:17th Feb '11
Currently unavailable, and unfortunately no date known when it will be back
This paperback is available in another edition too:
- Hardback£110.00(9780521643511)
This text shows for the first time that macrodynamics can be developed and investigated systematically.
This book is in the tradition of non-market-clearing approaches to macrodynamic economics. It shows for the first time that macrodynamics can be developed and investigated in a systematic fashion, leading to coherent models of fluctuation growth. This differs considerably from the microfounded full equilibrium approaches which are currently fashionable.Originally published in 2000, this book is in the tradition of non-market-clearing approaches to macrodynamic approaches. It builds a series of integrated disequilibrium growth models of increasing complexity, which display the economic interaction between households, firms and government across labour, goods, money, bonds and equities markets. Chiarella and Flaschel demonstrate how macrodynamics can be developed in a hierarchical way from economically simple structures to more advanced ones. In addition it investigates complex macrodynamic feedback mechanisms.
Review of the hardback: 'Chiarella, Flaschel, and Franke have honed traditional stability analysis of aggregative macroeconomic models into an astonishingly penetrating critical tool. Their dispassionate and balanced study of current macroeconomic approaches throws much light on the conceptual contradictions that trouble this field, and motivate their suggested remedy, a return to a thorough disequilibrium dynamics in the tradition of Keynes, Metzler, and Goodwin. No serious student of mathematical macroeconomics working within any framework can afford to ignore this research and its implications.' Duncan K. Foley, Foley New School University
ISBN: 9780521180184
Dimensions: 229mm x 152mm x 25mm
Weight: 630g
434 pages