Stochastic Dynamic Macroeconomics: Theory and Empirical Evidence

Stochastic Dynamic Macroeconomics: Theory and Empirical Evidence

by Gang Gong, Willi Semmler
     
 

View All Available Formats & Editions

ISBN-10: 0195301625

ISBN-13: 9780195301625

Pub. Date: 01/28/2006

Publisher: Oxford University Press, USA

This is a book on stochastic dynamic macroeconomics from a Keynesian perspective. It shows that including Keynesian features in intertemporal models considerably contributes to resolve major puzzles arising in the context of the Dynamic General Equilibrium (DGE) model. It also demonstrates that including microeconomic intertemporal behavior of economic agents in

Overview

This is a book on stochastic dynamic macroeconomics from a Keynesian perspective. It shows that including Keynesian features in intertemporal models considerably contributes to resolve major puzzles arising in the context of the Dynamic General Equilibrium (DGE) model. It also demonstrates that including microeconomic intertemporal behavior of economic agents in macroeconomics is not inconsistent with Keynesian economics.

Product Details

ISBN-13:
9780195301625
Publisher:
Oxford University Press, USA
Publication date:
01/28/2006
Pages:
224
Product dimensions:
9.30(w) x 6.40(h) x 0.90(d)

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >