Carl Chiarella, Peter Flaschel, Willi Semmler

Reconstructing Keynesian Macroeconomics Volume 2 (eBook, ePUB)

Integrated Approaches

• Format: ePub

Produktbeschreibung

This book represents the second of three volumes offering a complete reinterpretation and restructuring of Keynesian macroeconomics and offers a detailed analysis and comparison of two competing types of approaches to Keynesian macroeconomics.

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Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 512
• Erscheinungstermin: 17. Januar 2013
• Englisch
• ISBN-13: 9781136195808
• Artikelnr.: 47893634

Autorenporträt

Carl Chiarella is Professor of Quantitative Finance at the University of Technology, Sydney, Australia.

Peter Flaschel is Professor of Economics at Bielefeld University, Germany.

Willi Semmler is Professor of Economics at The New School for Social Research, New York, USA.

Inhaltsangabe

Part I: Competing approaches to Keynesian macroeconomics 1. Representative
households or principal-agent capitalism? 2. The two-class Pasinetti model
from a neoclassical perspective 3. Expectations and the (un)importance of
the real wage feedback channel Part II: Supply dynamics, demand-driven
inflation and the distributive cycle 4. Viability and corridor stability in
Keynesian supply driven growth 5. Wicksellian inflation pressure in
Keynesian models of monetary growth 6. Interacting two-country business
fluctuations Part III: The semistructural aggregate demand-aggregate supply
model: theory and evidence 7. Distributive cycles, business fluctuations
and the wage-led/profit-led debate 8. DAD-DAS: estimated convergence and
the emergence of "complex dynamics" 9. International linkages in a
Keynesian two-country model Part IV: The structural Keynes-Metzler-Goodwin
model 10. Integrating macromodels of employment, price and inventory
dynamics 11. Calibration of an unobservable inflation climate 12. A
macroeconometric framework for the analysis of monetary policy Part V:
Extensions 13. The dynamics of "natural" rates of growth and employment 14.
High-order disequilibrium growth dynamics 15. AD-AS disequilibrium dynamics
and endogenous growth Part VI: The road ahead: financial markets 16.
Stabilizing an unstable economy and the choice of policy measures