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The Dynamics of Keynesian Monetary Growth : Macrofoundations

Carl Chiarella, Peter Flaschel

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ISBN 10: 0521643511 / ISBN 13: 9780521643511
Published by Cambridge University Press, 2000
Used Condition: Good
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Title: The Dynamics of Keynesian Monetary Growth : ...

Publisher: Cambridge University Press

Publication Date: 2000

Book Condition: Good

Edition: 1st Edition.

About this title


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.


"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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