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Foundations for a Disequilibrium Theory of the Business Cycle
Carl ChiarellaPeter FlaschelReiner Franke
其他書名
Qualitative Analysis and Quantitative Assessment
出版Cambridge University Press, 2005-10-27
主題Business & Economics / Economics / MacroeconomicsBusiness & Economics / International / GeneralBusiness & Economics / Development / Economic Development
ISBN05218502589780521850254
URLhttp://books.google.com.hk/books?id=sy_nnQEACAAJ&hl=&source=gbs_api
註釋In a non-market-clearing approach to business cycle theory, this book builds an advanced model of economic activity, inflation and income distribution in a Keynesian spirit. After a qualitative analysis of the basic feedback mechanisms, the authors calibrate the model to the stylized facts of the business cycle in the U.S. economy. This calibrated model is used to carry out various macroeconomic simulation studies as well as a detailed study of the macroeconomic impact of various monetary policy rules. It will appeal both to theorists and to applied and policy economists.