- Shopping Bag ( 0 items )
The book presents a disequilibrium approach to employment, inflation a nd growth in modern macroeconomics. It integrates markets of products and money, and labor markets into a consistent macrodynamic framework which contains a complete set of agents and markets. The framework all ows to establish and evaluate links to other approaches to macroeconom ic analysis, in particular Walrasian, Non-Walrasian and New-Keynesian as well as to modern macroeconometric model building. Important issues such as endogenous growth, labor market dynamics and state or history dependent unemployment, Phillips curves, monetary policy rules and de bt deflation are also discussed.
Introduction: Integrated Macrodynamics.- An Overview on Foundations and Perspectives: Disequilibrium, Growth and Labor Market Dynamics: Foundations.- Disequilibrium, Growth and Labor Market Dynamics: Synthesis and Perspectives.- The Working Model: Walrasian, Non-Walrasian and New-Keynesian Reformulations: Flex-Price Approaches: Exceptional Limit Cases.- Fix-Price Approaches: Regime Switching Overstated.- Market Imperfections: Basic Integration and Comparison.- The Perspective: Modern Macroeconometric Model Building.- Towards Applied Disequilibrium Growth Theory.- Intensive Forms and Steady State Calculations.-Ways Ahead: Structural Analysis of Macroeconometric Models.