Quantitative And Empirical Analysis Of Nonlinear Dynamic Macromodels [1st edition]0-444-52122-4, 978-0-444-52122-4

Author : Chiarella C. (ed.), Franke R. (ed.), Flaschel P. (ed.)
Description:This book represents an ongoing research agenda the aim of which is to contribute to the Keynesian paradigm in macroeconomics. A currently dominant research strategy in macroeconomics is based on the Dynamic General Equilibrium (DGE) model. Its essential features are the assumption of intertemporal optimizing behavior of economic agents, competitive markets and price mediated market clearing through flexible wages and prices.
Categories: Physics Mechanics: Nonlinear dynamics and chaos
Year :2006
Publisher :
Language : English
N° Of Pages : 546[563]
File Info : pdf 6 Mb