Foundations for a Disequilibrium Theory of the Business Cycle: Qualitative Analysis and Quantitative Assessment by Chiarella, Carl

Foundations for a Disequilibrium Theory of the Business Cycle: Qualitative Analysis and Quantitative Assessment (Hardcover) (ISBN-13: 9780521850254)

Vendor: Carl Chiarella
Product type: Books
Format: Hardcover
$173.00
$173.00
$173.00
Subtotal: $173.00
Foundations for a Disequilibrium Theory of the Business Cycle: Qualitative Analysis and Quantitative Assessment by Chiarella, Carl

Foundations for a Disequilibrium Theory of the Business Cycle: Qualitative Analysis and Quantitative Assessment

$173.00
Foundations for a Disequilibrium Theory of the Business Cycle: Qualitative Analysis and Quantitative Assessment by Chiarella, Carl

Foundations for a Disequilibrium Theory of the Business Cycle: Qualitative Analysis and Quantitative Assessment

$173.00
Format: Hardcover
Description
Description
x
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.

Author: Carl Chiarella, Peter Flaschel, Reiner Franke
ISBN-10: 0521850258
ISBN-13: 9780521850254
Publisher: Cambridge University Press
Language: English
Published: 10/27/2005
Pages: 550
Format: Hardcover
Weight: 2.20lbs
Size: 9.10h x 6.10w x 1.50d

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