Market Imperfections And Macroeconomic Dynamics
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Market Imperfections And Macroeconomic Dynamics
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Author : Jean-Olivier Hairault
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-03-14
Market Imperfections And Macroeconomic Dynamics written by Jean-Olivier Hairault 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 2013-03-14 with Business & Economics categories.
Market Imperfections and Macroeconomic Dynamics is based upon a collection of papers originally presented at the 5th Theory and Methods in Macroeconomics (T2M) meeting in Paris, France, 2002. The contributions in this volume focus on a central theme: the aggregate dynamic consequences of market imperfections. Such effects are of great interest to researchers in macroeconomics as these imperfections play a primary role in the persistence of aggregate output, the characteristics of the business cycles and the interactions of agents over time. Incorporating up-to-date techniques and methods, these contributions exemplify the remarkable progress made by macroeconomists in tackling these issues. The primary market for Market Imperfections and Macroeconomic Dynamics is academic researchers in economics and graduate students specializing in macroeconomics. Divisions of economic studies in public administration and in financial organizations will also find this book beneficial.
Emergent Macroeconomics
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Author : Domenico Gatti
language : en
Publisher: Springer Science & Business Media
Release Date : 2008-12-05
Emergent Macroeconomics written by Domenico Gatti 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 2008-12-05 with Science categories.
This valuable book contributes substantively to the current state-of-the-art of macroeconomics. It provides a method for building models in which business cycles and economic growth emerge from the interactions of a large number of heterogeneous agents. Drawing from recent advances in agent-based computational modeling, the authors show how insights from dispersed fields can be fruitfully combined to improve our understanding of macroeconomic dynamics.
Economics Complex Windows
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Author : Massimo Salzano
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-01-17
Economics Complex Windows written by Massimo Salzano 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 2006-01-17 with Business & Economics categories.
“In some ways, the e?ect of achieving understanding is to reverse completely our initial attitude of mind. For everyone starts (as we have said) by being perplexed by some fact or other: for instance... the fact that the diagonal of a square is incommensurable with the side. Anyone who has not yet seen why the side and the diagonal have no common unit regards this as quite extra- dinary. But one ends up in the opposite frame of mind... for nothing would so much ?abbergast a mathematician as if the diagonal and side of a square were to become commensurable”. [Aristotele] This is the ?rst volume of a new series entitled “New Economic Windows”. Each volume in the series will, we hope, provide pointers towards a better understanding of the nature of economic phenomena and help to “reverse our initial state of mind” as economists. As H. Simon observed, Economics must be considered a “hard”, (in the sense of di?cult rather than precise), science. As he cogently argued, the problems dealt with are so complex they “cannot simply be reduced to analytically solvable models or decomposed into sepa- 1 rate sub processes”. In this he was following on from Einstein who, many years earlier, when asked why he had not turned his attention to economics said that he found it too di?cult a subject to handle scienti?cally.
The Economics Of Imperfect Markets
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Author : Giorgio Calcagnini
language : en
Publisher: Springer Science & Business Media
Release Date : 2009-10-22
The Economics Of Imperfect Markets written by Giorgio Calcagnini 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 2009-10-22 with Business & Economics categories.
This book is a collection of eleven papers concerned with the effects of market imperfections on the decision-making of economic agents and on economic policies that try to correct the inefficient market outcomes due to those imperfections. As a consequence, real and financial imperfections are related : economic decisions are simultaneously affected by imperfections present both in real and financial markets. Notwithstanding the obvious fact that market interdependence is not novel, scholar interests are typically concentrated on the specific relationship among economic decisions originating from particular imperfections. This explains why, in the case of perfect financial markets, we can speak of "the" us.
Emergent Macroeconomics
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Author : Domenico Gatti
language : en
Publisher: Springer
Release Date : 2008-04-14
Emergent Macroeconomics written by Domenico Gatti and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-04-14 with Science categories.
This valuable book contributes substantively to the current state-of-the-art of macroeconomics. It provides a method for building models in which business cycles and economic growth emerge from the interactions of a large number of heterogeneous agents. Drawing from recent advances in agent-based computational modeling, the authors show how insights from dispersed fields can be fruitfully combined to improve our understanding of macroeconomic dynamics.
The Macroeconomics Of Imperfect Competition And Nonclearing Markets
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Author : Jean-Pascal Benassy
language : en
Publisher: MIT Press
Release Date : 2005-01-14
The Macroeconomics Of Imperfect Competition And Nonclearing Markets written by Jean-Pascal Benassy and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-01-14 with Business & Economics categories.
In this book, Jean-Pascal Benassy attempts to integrate into a single unified framework dynamic macroeconomic models reflecting such diverse lines of thought as general equilibrium theory, imperfect competition, Keynesian theory, and rational expectations. He begins with a simple microeconomic synthesis of imperfect competition and nonclearing markets in general equilibrium under rational expectations. He then applies this framework to a large number of dynamic macroeconomic models, covering such topics as persistent unemployment, endogenous growth, and optimal fiscal-monetary policies. The macroeconomic methodology he uses is similar in spirit to that of the popular real business cycles theory, but the scope is much wider. All of the models are solved "by hand," making the underlying economic mechanisms particularly clear.
The New Macroeconomics
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Author : Huw David Dixon
language : en
Publisher: Cambridge University Press
Release Date : 1995-10-19
The New Macroeconomics written by Huw David Dixon and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-10-19 with Business & Economics categories.
Brings together leading researchers from the USA and Europe to examine the literature on the new macroeconomics.
Market Microstructure And Nonlinear Dynamics
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Author : Gilles Dufrénot
language : en
Publisher: Springer
Release Date : 2014-07-14
Market Microstructure And Nonlinear Dynamics written by Gilles Dufrénot and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-14 with Business & Economics categories.
This book discusses market microstructure environment within the context of the global financial crisis. In the first part, the market microstructure theory is recalled and the main microstructure models and hypotheses are discussed. The second part focuses on the main effects of the financial downturn through an examination of market microstructure dynamics. In particular, the effects of market imperfections and the limitations associated with microstructure models are discussed. Finally, the new regulations and recent developments for financial markets that aim to improve the market microstructure are discussed. Well-known experts on the subject contribute to the chapters in the book. A must-read for academic researchers, students and quantitative practitioners.
The Macroeconomics Of Imperfect Competition And Nonclearing Markets
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Author : J.P. Bénassy
language : en
Publisher:
Release Date : 2002
The Macroeconomics Of Imperfect Competition And Nonclearing Markets written by J.P. Bénassy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with categories.
The Macroeconomics Of Imperfect Competition And Nonclearing Markets
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Author : Jean-Pascal Bénassy
language : en
Publisher: Mit Press
Release Date : 2002
The Macroeconomics Of Imperfect Competition And Nonclearing Markets written by Jean-Pascal Bénassy and has been published by Mit Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
A single unified framework that integrates dynamic macroeconomics models on general equilibrium theory, imperfect competition, nonclearing markets, and rational expectations.