Economic Growth And Macroeconomic Dynamics

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Economic Growth and Macroeconomic Dynamics

Steve Dowrick,Rohan Pitchford,Stephen J. Turnovsky
Economic Growth and Macroeconomic Dynamics Book PDF

Author : Steve Dowrick,Rohan Pitchford,Stephen J. Turnovsky
Publisher : Unknown
Page : 201 pages
File Size : 52,7 Mb
Release : 2006-06-11
Category : Business & Economics
ISBN : 9780511192586

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Economic Growth and Macroeconomic Dynamics by Steve Dowrick,Rohan Pitchford,Stephen J. Turnovsky Pdf

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.

Rapid Growth and Relative Decline

M. Setterfield
Rapid Growth and Relative Decline Book PDF

Author : M. Setterfield
Publisher : Springer
Page : 203 pages
File Size : 54,5 Mb
Release : 1996-12-17
Category : Business & Economics
ISBN : 9780230375871

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Rapid Growth and Relative Decline by M. Setterfield Pdf

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.

Methods of Macroeconomic Dynamics

Stephen J. Turnovsky
Methods of Macroeconomic Dynamics Book PDF

Author : Stephen J. Turnovsky
Publisher : MIT Press
Page : 698 pages
File Size : 52,9 Mb
Release : 2000
Category : Business & Economics
ISBN : 0262201232

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Methods of Macroeconomic Dynamics by Stephen J. Turnovsky Pdf

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

Arvid Aulin
The Impact of Science on Economic Growth and Its Cycles Book PDF

Author : Arvid Aulin
Publisher : Unknown
Page : 220 pages
File Size : 47,6 Mb
Release : 1998-09-17
Category : Electronic
ISBN : 3642958621

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The Impact of Science on Economic Growth and Its Cycles by Arvid Aulin Pdf

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.

Complex Economic Dynamics

Richard H. Day
Complex Economic Dynamics Book PDF

Author : Richard H. Day
Publisher : Unknown
Page : 0 pages
File Size : 45,6 Mb
Release : 2000-02
Category : Ekonomi, Matematiksel
ISBN : 0262528606

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Complex Economic Dynamics by Richard H. Day Pdf

V. 1. An introduction to dynamical systems and market mechanisms -- v. 2. An introduction to macroeconomics dynamics.

Dynamic Macroeconomics

Peter Flaschel,Reiner Franke,Willi Semmler
Dynamic Macroeconomics Book PDF

Author : Peter Flaschel,Reiner Franke,Willi Semmler
Publisher : MIT Press
Page : 484 pages
File Size : 49,9 Mb
Release : 1997
Category : Business & Economics
ISBN : 0262061910

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Dynamic Macroeconomics by Peter Flaschel,Reiner Franke,Willi Semmler Pdf

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.

International Macroeconomic Dynamics

Stephen J. Turnovsky
International Macroeconomic Dynamics Book PDF

Author : Stephen J. Turnovsky
Publisher : MIT Press
Page : 514 pages
File Size : 52,8 Mb
Release : 1997
Category : Business & Economics
ISBN : 0262201119

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International Macroeconomic Dynamics by Stephen J. Turnovsky Pdf

International Macroeconomic Dynamics provides extensive applications of important macroeconomic dynamic models to the international economy. For a long time, the study of macroeconomics has focused almost exclusively on a closed economy and downplayed the role of international transactions. Today, however, researchers recognize that one cannot fully understand domestic macroeconomic relationships without considering the global economy within which each country operates. Increasingly, economists are treating international transactions as an integral part of the macroeconomic system, and international macroeconomics has become an area of intensive research activity. International Macroeconomic Dynamics provides extensive applications of important macroeconomic dynamic models to the international economy. It adopts the main contemporary macroeconomic framework, the representative agent model, and develops a series of models of increasing complexity. The author considers both small and large economies and analyzes them in both deterministic and stochastic contexts. The emphasis is very much on the development of the analytical models; a novel feature is the extensive use of continuous-time stochastic methods. While the author applies the models to a range of important policy issues, particularly issues of fiscal policy, the reader is invited to view the analyses as blueprints for other applications.

Dynamic Macroeconomics

George Alogoskoufis
Dynamic Macroeconomics Book PDF

Author : George Alogoskoufis
Publisher : MIT Press
Page : 801 pages
File Size : 44,7 Mb
Release : 2019-12-17
Category : Business & Economics
ISBN : 9780262043014

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Dynamic Macroeconomics by George Alogoskoufis Pdf

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.

Rapid Growth and Relative Decline

Mark Setterfield
Rapid Growth and Relative Decline Book PDF

Author : Mark Setterfield
Publisher : Macmillan Pub Limited
Page : 203 pages
File Size : 40,6 Mb
Release : 1997-01-01
Category : Business & Economics
ISBN : 0333637364

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Rapid Growth and Relative Decline by Mark Setterfield Pdf

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

Richard Hollis Day
Complex Economic Dynamics An introduction to macroeconomic dynamics Book PDF

Author : Richard Hollis Day
Publisher : Unknown
Page : 430 pages
File Size : 40,7 Mb
Release : 1994
Category : Economics, Mathematical
ISBN : UOM:39015042927627

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

"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.

Models for Dynamic Macroeconomics

Fabio C. Bagliano,Giuseppe Bertola
Models for Dynamic Macroeconomics Book PDF

Author : Fabio C. Bagliano,Giuseppe Bertola
Publisher : Oxford University Press on Demand
Page : 290 pages
File Size : 40,8 Mb
Release : 2004
Category : Business & Economics
ISBN : 9780199266821

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Models for Dynamic Macroeconomics by Fabio C. Bagliano,Giuseppe Bertola Pdf

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

Jean-Olivier Hairault,Hubert Kempf
Market Imperfections and Macroeconomic Dynamics Book PDF

Author : Jean-Olivier Hairault,Hubert Kempf
Publisher : Springer Science & Business Media
Page : 222 pages
File Size : 52,6 Mb
Release : 2013-03-14
Category : Business & Economics
ISBN : 9781475735987

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Market Imperfections and Macroeconomic Dynamics by Jean-Olivier Hairault,Hubert Kempf Pdf

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

Domenico Gatti,Edoardo Gaffeo,Mauro Gallegati,Gianfranco Giulioni,Antonio Palestrini
Emergent Macroeconomics Book PDF

Author : Domenico Gatti,Edoardo Gaffeo,Mauro Gallegati,Gianfranco Giulioni,Antonio Palestrini
Publisher : Springer Science & Business Media
Page : 120 pages
File Size : 52,8 Mb
Release : 2008-12-05
Category : Science
ISBN : 9788847007253

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Emergent Macroeconomics by Domenico Gatti,Edoardo Gaffeo,Mauro Gallegati,Gianfranco Giulioni,Antonio Palestrini Pdf

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.

Emerging Topics in Macroeconomics

Richard O. Bailly
Emerging Topics in Macroeconomics Book PDF

Author : Richard O. Bailly
Publisher : Unknown
Page : 384 pages
File Size : 45,9 Mb
Release : 2009
Category : Business & Economics
ISBN : STANFORD:36105124157830

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Emerging Topics in Macroeconomics by Richard O. Bailly Pdf

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.

Complex Economic Dynamics

Richard H. Day
Complex Economic Dynamics Book PDF

Author : Richard H. Day
Publisher : Unknown
Page : 0 pages
File Size : 47,8 Mb
Release : 2000-02
Category : Ekonomi, Matematiksel
ISBN : 0262528606

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Complex Economic Dynamics by Richard H. Day Pdf

V. 1. An introduction to dynamical systems and market mechanisms -- v. 2. An introduction to macroeconomics dynamics.