國立虎尾科技大學 |

Foundations for a disequilibrium theory of the business cycle : = qualitative analysis and quantitative assessment /

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
正題名/作者:	Foundations for a disequilibrium theory of the business cycle :/ Carl Chiarella, Peter Flaschel, Reiner Franke.
其他題名:	qualitative analysis and quantitative assessment /
作者:	Chiarella, Carl,
其他作者:	Flaschel, Peter,
面頁冊數:	1 online resource (xxv, 523 pages) :digital, PDF file(s). :
附註:	Title from publisher's bibliographic system (viewed on 05 Oct 2015).
標題:	Business cycles - Econometric models. -
電子資源:	https://doi.org/10.1017/CBO9780511492402
ISBN:	9780511492402 (ebook)

Foundations for a disequilibrium theory of the business cycle : = qualitative analysis and quantitative assessment /
Chiarella, Carl,

Foundations for a disequilibrium theory of the business cycle :qualitative analysis and quantitative assessment /Carl Chiarella, Peter Flaschel, Reiner Franke. - 1 online resource (xxv, 523 pages) :digital, PDF file(s).

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Foreword /J. Barkley Rosser, Jr. --1.

Building on The Dynamics of Keynesian Monetary Growth by Chiarella and Flaschel (2000), this 2005 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.

ISBN: 9780511492402 (ebook)Subjects--Topical Terms:

810078
Business cycles
--Econometric models.

LC Class. No.: HB3711 / .C489 2005

Dewey Class. No.: 339.5

Foundations for a disequilibrium theory of the business cycle : = qualitative analysis and quantitative assessment /
LDR:02588nam a22003018i 4500 001 1127076
003 UkCbUP
005 20151005020620.0
006 m|||||o||d||||||||
007 cr||||||||||||
008 240926s2005||||enk o ||1 0|eng|d
020 $a 9780511492402 (ebook)
020 $z 9780521850254 (hardback)
020 $z 9780521369923 (paperback)
035 $a CR9780511492402
040 $a UkCbUP $b eng $e rda $c UkCbUP
050 0 0 $a HB3711 $b .C489 2005
082 0 4 $a 339.5 $2 22
100 1 $a Chiarella, Carl, $e author $3 1085195
245 1 0 $a Foundations for a disequilibrium theory of the business cycle : $b qualitative analysis and quantitative assessment / $c Carl Chiarella, Peter Flaschel, Reiner Franke.
264 1 $a Cambridge : $b Cambridge University Press, $c 2005.
300 $a 1 online resource (xxv, 523 pages) : $b digital, PDF file(s).
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
500 $a Title from publisher's bibliographic system (viewed on 05 Oct 2015).
505 0 0 $t Foreword / $r J. Barkley Rosser, Jr. -- $g 1. $t Competing approaches to Keynesian macrodynamics -- $g 2. $t AS-AD growth theory : a complete analysis of the textbook model -- $g 3. $t Disequilibrium growth : the point of departure -- $g 4. $t The Keynes-Metzler-Goodwin model -- $g 5. $t Calibration of three wage-price modules -- $g 6. $t Calibration of the full KMG model -- $g 7. $t Subsystems and sensitivity analysis of the KMG model -- $g 8. $t The Taylor rule in small macromodels -- $g 9. $t Incorporating the Taylor rule into KMG.
520 $a Building on The Dynamics of Keynesian Monetary Growth by Chiarella and Flaschel (2000), this 2005 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.
650 0 $a Business cycles $x Econometric models. $3 810078
650 0 $a Equilibrium (Economics) $3 561394
700 1 $a Flaschel, Peter, $d 1943- $3 1012470
700 1 $a Franke, Reiner, $e author. $3 1446249
776 0 8 $i Print version: $z 9780521850254
856 4 0 $u https://doi.org/10.1017/CBO9780511492402