Disequilibrium, Growth and Labor Market Dynamics: Macro Perspectives / Edition 1

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Overview

The book presents a disequilibrium approach to employment, inflation and 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 allows to establish and evaluate links to other approaches to macroeconomic 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 debt deflation are also discussed. The book is a useful reference for all researchers, academic teachers and practitioners of macroeconomic and macroeconometric model building who are interested in macroeconomic dynamics, independently of whether they use equilibrium or disequilibrium methods in their own work.

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Product Details

  • ISBN-13: 9783540649090
  • Publisher: Springer Berlin Heidelberg
  • Publication date: 4/26/2000
  • Edition description: 2000
  • Edition number: 1
  • Pages: 480
  • Product dimensions: 9.21 (w) x 6.14 (h) x 1.06 (d)

Table of Contents

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.

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