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The Dynamics of Keynesian Monetary Growth

The Dynamics of Keynesian Monetary Growth
Macro Foundations

$174.99 (Z)

  • Date Published: August 2000
  • availability: Available
  • format: Hardback
  • isbn: 9780521643511

$174.99 (Z)

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About the Authors
  • This book is in the tradition of non-market-clearing approaches to macrodynamic economics. It shows for the first time that macrodynamics can be developed and investigated in a systematic fashion, leading to coherent models of fluctuation growth. This differs considerably from the microfounded full equilibrium approaches that are currently fashionable. Using sophisticated mathematical tools, it investigates complex macrodynamic feedback mechanisms in a systematic way, showing how macrodynamics can be developed in a hierarchical way from economically simple structures to more advanced ones.

    • Provides a systematic macrofoundation of disequilibrium growth theory
    • Gives models of fluctuating growth with both labour and capital over or underutilized
    • Builds high-dimensional macrodynamics from lower-dimensional prototype structures
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    Reviews & endorsements

    "this is a significant work, perhaps the most complete attempt to date to develop a general dynamic approach to macroeconomic modelling...this book remains a tour de force. It should be a part of every dynamic modeller's collection, and it should also be held up to rest of the profession as an example of what serious economic modelling should be." Forthcoming Jrnl of Behavior and Organization

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    Product details

    • Date Published: August 2000
    • format: Hardback
    • isbn: 9780521643511
    • length: 434 pages
    • dimensions: 229 x 152 x 24 mm
    • weight: 0.75kg
    • availability: Available
  • Table of Contents

    General introduction
    1. Traditional monetary growth dynamics
    2. Tobinian monetary growth: the (neo) classical point of departure
    3. Keynes-Wicksell models of monetary growth: synthesizing Keynes into the classics
    4. Keynesian monetary growth: the missing prototype
    5. Smooth factor substitution: a secondary and confused issue.

  • Authors

    Carl Chiarella, University of Technology, Sydney

    Peter Flaschel, Universität Bielefeld, Germany

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