Dynamic Disequilibrium Modeling: Theory and Applications: Proceedings of the Ninth International Symposium in Economic Theory and Econometrics

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Overview

Dynamic Disequilibrium Modeling presents some recent surveys and developments in dynamic disequilibrium and continuous time econometric modeling along with related research from associated fields. Specific areas covered include applications in business cycles and growth, tests for nonlinearity, rationing and disequilibrium dynamics, and demographic and international applications. The contents of this volume comprise the proceedings of the ninth conference in the International Symposia in Economic Theory and Econometrics series under the general editorship of William Barnett.

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Editorial Reviews

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Review of the hardback: 'For researchers interested in dynamic modelling, this volume has much to recommend it ...'. Marcus J. Chambers, The Economic Journal
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Product Details

Table of Contents

Volume editors' preface; Series editor's preface; List of contributors; Part I. Survey Papers: 1. Survey of continuous time econometrics A. R. Bergstrom; 2. Dynamic disequilibrium economics: history, conceptual foundations, possible futures Claude Hillinger; 3. The role of continuous time disequilibrium models in macroeconomics Clifford R. Wymer; Part II. Continuous Time Models: 4. Nonlinear estimation of a nonlinear continuous time model Giancarlo Gandolfo, Pier Carlo Padoan, Giuseppe De Arcangelis and Clifford R. Wymer; 5. Endogenous regime switching in a model of accumulation, credit and monetary policy D. Delli Gatti, M. Gallegati and P. C. Padoan; 6. A note on continuous time dynamic disequilibrium macroeconometric modeling of the United Kingdom K. B. Nowman; 7. Evaluation of discrete and continuous time dynamic models by spectral methods with an application to automobile demand Michael Reiter; 8. A continuous-time method for modeling optimal investment subject to adjustment costs and gestation lags Peter A. Zadrozny; Part III. Business Cycles and Growth: 9. Monopolistic price setting, subjective demand, and the business cycle Alfred Mauszner; 10. The G7-countries: a multivariate description of the business cycle stylized facts Ulrich Woitek; Part IV. Tests for Nonlinearity: 11. Comparison of the available tests for nonlinearity and chaos William Barnett, A. Ronald Gallant, Melvin Hinich, Mark Jensen and Jochen Jungeilges; 12. Testing for nonlinearity in the exchange rate data series: an empirical investigation of the Lira/$ spot rate Laura Sabani; Part V. Rationing and Disequilibrium Dynamics: 13. Dynamic stochastic choice modeling of disequilibrium in an economy B. Dejon, F. Graef, H.-J. Meier and J. Novotny; 14. Non-linear models of employment adjustment Werner Smolny; 15. A simulation study of disequilibrium price dynamics Claus Weddepohl; Part VI. Demographic and International Applications: 16. Disequilibrium in the Canadian population distribution, 1952-1983 William P. Anderson and Yorgos Y. Papageorgiou; 17. Optimality of the target-zone regime Giuseppe De Arcangelis; 18. Neighborhood feedbacks, endogenous stratification, and income inequality Steven N. Durlauf.

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