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

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

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.

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Detail Information
Series Title
Foundations for a Disequilibrium Theory of the Business Cycle: Qualitative Analysis and Quantitative Assessment
Call Number
300 Car
Publisher
Hoboken, NJ : Cambridge University Press.,
Collation
550 Pages
Language
English
ISBN/ISSN
9780521850254, 0521850258
Classification
300
Content Type
text
Media Type
computer
Carrier Type
computer card
Edition
12th
Subject(s)
Foundations for a Disequilibrium
Specific Detail Info
Foundations for a Disequilibrium Theory of the Business Cycle: Qualitative Analysis and Quantitative Assessment
Statement of Responsibility
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