Disequilibrium Macroeconomic Models
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Disequilibrium Macroeconomic Models
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Author : Jean-Paul Lambert
language : en
Publisher: CUP Archive
Release Date : 1988-05-26
Disequilibrium Macroeconomic Models written by Jean-Paul Lambert and has been published by CUP Archive this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988-05-26 with Business & Economics categories.
The Estimation Of Macroeconomic Disequilibrium Models With Regime Classification Information
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Author : Glenn D. Rudebusch
language : en
Publisher: Springer
Release Date : 1987
The Estimation Of Macroeconomic Disequilibrium Models With Regime Classification Information written by Glenn D. Rudebusch and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with Business & Economics categories.
Towards Operational Disequilibrium Macro Economics
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Author : J.C. Siebrand
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-04-17
Towards Operational Disequilibrium Macro Economics written by J.C. Siebrand and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-17 with Business & Economics categories.
Most re cent contributions to disequilibrium theory have a high level of abstraction. Empirical studies explicitly based on disequilibrium are still relatively scarce. However, empirical macro economics anticipated the theoretical development, and amalgamated classical and Keynesian elements often without a clear-cut formal base. Now a theoretical integration of neo-classical and neo-Keynesian economics seems under way. There is a renewed interest in the micro-economic foundations of macroeconomics with a special focus on the behaviour of economic agents operating in non-clearing markets. In some instances these theoretical developments offer an ex post justification for empirical macro-economic practices. Generally however, they call for new ways of empirical macro-economic model building. This study operates on the border line between empirical macro economics and theoretical disequilibrium macro-economic theory. Our interest in macro-economic disequilibrium originates from the empirical side. Foreign trade relations for several countries revealed significant pressure of demand effects. Hence, the spillover of excess demand in domestic markets to foreign markets seemed a rather general phenomenon. This fact could be explained by a theory that states that actual demand for products from domestic ftrms will gene rally and systematically differ from the ex ante demand as suggested by equilibrium analysis. This latter demand concept comes close to Clower's 'notional demand' and Patinkin's 'potential demand'.
The Disequilibrium Model In A Controlled Economy
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Author : David H. Howard
language : en
Publisher:
Release Date : 1979
The Disequilibrium Model In A Controlled Economy written by David H. Howard and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with Equilibrium (Economics) categories.
Models Of Disequilibrium And Shortage In Centrally Planned Economies
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Author : C.M. Davis
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Models Of Disequilibrium And Shortage In Centrally Planned Economies written by C.M. Davis and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
The centrally planned economies (CPEs) of the Soviet Union and Eastern Europe have experienced severe imbalances in domestic and external markets over the past several decades. As a result, they have been chronically afflicted by problems such as excess demand, repressed inflation, deficits of commodities, queues, waiting lists, and forced savings. Economists have responded to these phenomena by developing appropriate theoretical and empirical models of CPEs. Of particular note have been the pioneering studies of Richard Portes on disequilibrium econometric models and Janos Kornai on the shortage economy. Each approach has attracted followers who have produced numerous, innovative macro- and microeconomic models of Poland, Czechoslovakia, the German Democratic Republic, Hungary, and the USSR. These models have proved to be of considerable value in the analysis of the causes, consequences and remedies of disequilibrium phenomena. Inevitably, the new research has also generated controversies both between and within the schools of shortage and disequilibrium modelling, concerning the fundamental nature of the socialist economy, theoretical concepts and definitions, the specification of models, estimation techniques, interpretation of empirical findings, and policy recommend ations. Furthermore, the research effort has been energetic but incomplete, so many gaps exist in the field.
The General Disequilibrium And Market Adjustment Mechanisms In Macroeconomic Models
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Author : Jang Hee Yoo
language : en
Publisher:
Release Date : 1972
The General Disequilibrium And Market Adjustment Mechanisms In Macroeconomic Models written by Jang Hee Yoo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1972 with Equilibrium (Economics) categories.
Disequilibrium Growth And Labor Market Dynamics
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Author : Carl Chiarella
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-06-29
Disequilibrium Growth And Labor Market Dynamics written by Carl Chiarella and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-29 with Business & Economics categories.
In this book on disequilibrium, growth and labor market dynamics we take predominantly a macroeconomic perspective. We present a working model that can easily be varied in different directions in order to subsume innovations in the literature on macroeconomics, old and new, and to contribute to important currently discussed macroeconomic issues. Our working model is set up in a way that there is a close relationship between our presented dynamic models and modern macro econometric models with disequilibrium both in the labor and the goods markets. One of our objectives is, therefore, to narrow the gap between theoretical and applied structural macrodynamic model building. We hope that the book will be a useful reference for all researchers, academic teachers and practitioners of macroeconomic and macro econometric model building who are interested in economic dynamics, independently of whether they use equilibrium or disequilibrium methods in their own research. We base this hope on the fact that our approach contains a number of unique features. The emphasis on the identification and analysis of the basic feedback mechanisms at work in modern macro economies. A detailed study of the partial as well as integrated dynamic interaction between these feedback mechanisms that consti tute the interdependence of markets and sectors of the modern macro economy. The rela tionship between the macroeconomic framework of our working model and the Walrasian, Non-Walrasian and New-Keynesian reformulations of macroeconomics.
Dynamic Adjustment Processes In Simple Disequilibrium Macroeconomic Models
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Author : Martin Joseph Rini
language : en
Publisher:
Release Date : 1994
Dynamic Adjustment Processes In Simple Disequilibrium Macroeconomic Models written by Martin Joseph Rini and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Equilibrium (Economics) categories.
Estimation Of Disequilibrium Models
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Author : Hans-Jürg Büttler
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-03-08
Estimation Of Disequilibrium Models written by Hans-Jürg Büttler and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-08 with Business & Economics categories.
This monograph grew out of a project which was sponsored by the Swiss National Foundation ("Schweizerischer Nationalfonds") under grant no. 4. 636-0. 83. 09. Yithin this project, prediction-oriented estimation methods for the canonical econometric disequilibrium model were developed. The present monograph deals with the application of these estimation techniques to three aggregative markets of the Swiss economy. Parts of the monograph have been presented at various places: the estimation techniques described in chapter 3 at the European Meeting of the Econometric Society, Madrid 1984; the application to residential investment described in chapter 4 at a symposium on housing policy at the University of Mannheim, 1984; the empirical study on the money stock described in chapter 5 at the Symposium on Money, Banking and Insurance held at the University of Karlsruhe, 1984, as well as at a joint seminar of the University of Basle and the Bank for International Settlements (BIS), 1985; and, finally, the empirical study on the aggregate labor market described in chapter 6 at a seminar of the University of ZUrich, 1985. Comments from toe seminar participants, in particular from Palle S. Andersen (BIS) who served as a discussant, Pascal Bridel (Swiss National Bank, SNB), Franz Ettlin (SNB), and Kurt Schiltknecht (Nordfinanz-Bank, Zurich) are gratefully acknowledged, without implying any responsibility on their part. The methodological part described in chapters 2 and 3 is contributed by G. Frei and B.
The Economics Of Market Disequilibrium
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Author : Jean-Pascal Bénassy
language : en
Publisher:
Release Date : 1982
The Economics Of Market Disequilibrium written by Jean-Pascal Bénassy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Business & Economics categories.
Microeconomics; Market equilibrium and disequilib rium; Disequilibrium trading and quantity signals; Effective demand: A first approach; Effective demand and spillover effects; Price making; Non-Walrasian equilibrium concepts; The general framework; Fixprice equilibria; Expectations and temporary fixprice equilibria; Temporary equilibria with price makers; Efficiency; Macroeconomics; A model of unemployment; Unemployment and expectations; A model of unemployment with flexible price; A model of inflation.