Money And Macrodynamics


Money And Macrodynamics
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Money And Macrodynamics


Money And Macrodynamics
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Author : Marc Lavoie
language : en
Publisher: Routledge
Release Date : 2015-03-26

Money And Macrodynamics written by Marc Lavoie and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-03-26 with Business & Economics categories.


Alfred Eichner's pioneering contributions to post-Keynesian econmics offered significant insights on the way modern economies and institutions actually work. Published in 1987, his "Macrodynamics of Advanced Market Economies" contains rich chapters on dynamics and growth, investment, finance and income distribution, a timely chapter on the State and fiscal policy, and two analytical chapters on endogenous money that are years ahead of their time. Featuring chapters by many of Eichner's disciples, this book celebrates his rich contributions to post-Keynesian economics, and demonstrates that his work is in many ways as valid today as it was over two decades ago.



Money And Macrodynamics


Money And Macrodynamics
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Author : MARC;ROCHON LAVOIE (LOUIS-PHILIPPE;SECCARECCIA, M.)
language : en
Publisher:
Release Date : 2010

Money And Macrodynamics written by MARC;ROCHON LAVOIE (LOUIS-PHILIPPE;SECCARECCIA, M.) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.




Monetary Macrodynamics


Monetary Macrodynamics
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Author : Toichiro Asada
language : en
Publisher: Routledge
Release Date : 2012-11-12

Monetary Macrodynamics written by Toichiro Asada and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-11-12 with Business & Economics categories.


This book investigates the interaction of effective goods demand with the wage-price spiral, and the impact of monetary policy on financial and the real markets from a Keynesian perspective. Endogenous business fluctuations are studied in the context of long-run distributive cycles in an advanced, rigorously formulated and quantitative setup. The material is developed by way of self-contained chapters on three levels of generality, an advanced textbook level, a research-oriented applied level and on a third level that shows how the interaction of real with financial markets has to be modelled from a truly integrative Keynesian perspective. Monetary Macrodynamics shows that the balanced growth path of a capitalist economy is unlikely to be attracting and that the cumulative forces that surround it are controlled in the large by changes in the behavioural factors that drive the wage-price spiral and the financial markets. Such behavioural changes can in fact be observed in actual economies in the interaction of demand-driven business fluctuations with supply-driven wage and price dynamics as they originate from the conflict over income distribution between capital and labour. The book is a detailed critique of US mainstream macroeconomics and uses rigorous dynamic macro-models of a descriptive and applicable nature. It will be of particular relevance to postgraduate students and researchers interested in disequilibrium processes, real wage feedback channels, financial markets and portfolio choice, financial accelerator mechanisms and monetary policy.



The Megacorp And Macrodynamics


The Megacorp And Macrodynamics
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Author : William Milberg
language : en
Publisher: Routledge
Release Date : 2016-09-16

The Megacorp And Macrodynamics written by William Milberg and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-09-16 with Business & Economics categories.


These essays on Post-Keynesian economics were written expressly for a volume to honour the life and work of Alfred Eichner. The original countributions - that critically examine and extend ideas in Eichner's "The Macrodynamics of Advanced Market Economies" are organized in seven sections that correspond to areas of economics in which Eichner made a significant contribution. Part 1 deals with the megacorp, a theory of firm pricing and investment that was one of Eichner's most important contributions. Issues of productivity and technical change, that lie at the center of Eichner's macrodynamic model, are the focus of part 1 and parts 3 and 4 elaborate on Eichner's work on growth and money and yield insights into the theoretical disagreements among the Post-Keynesians themselves. Part 5 presents a number of examples of non-neo-classical model building. Part 6 opens with a critique of the "new economic history" that leads to other essays on thorny methodological issues confronting Post-Keynesians. Part 7 gives a European perspective on North American Post-Keynesian economics. The essays reveal the relationships between Eichner's work and Institutionalist and Marxian economics. At the same time, the book raises current theoretical conflicts among these groups as well as among Post-Keynesians themselves. This book compliments Alfred S.Eichner's "The Macrodynamics of Advanced Market Economies", also published in 1991, and is appropriate for scholars and upper-level undergraduates and graduate students.



The Macrodynamics Of Capitalism


The Macrodynamics Of Capitalism
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Author : Peter Flaschel
language : en
Publisher: Springer Science & Business Media
Release Date : 2008-12-11

The Macrodynamics Of Capitalism written by Peter Flaschel 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 2008-12-11 with Business & Economics categories.


This book provides an introduction to advanced macrodynamics, viewed as a di- quilibriumtheoryof?uctuatinggrowth. Itbuildsonanearlierattempttoreformulate 1 the foundations of macroeconomics from the perspective of real markets diseq- librium and the con?ict over income distribution between capital and labor. It does so, not because it wants to support the view that this class con?ict is inevitable, but with the perspective that an understanding of this con?ict may help to formulate socio-economic principles and policies that can help to overcome class con?ict at least in its cruder forms or that can even lead to rationally understandable proce- 2 dures and rules that turn this con?ict into a consensus-driven interaction between 3 capitalists or their representatives and the employable workforce. The book starts from established theories of temporary equilibrium positions, the forces of real growth, and the con?ict over income distribution, represented by basic modeling approaches, which it considers in detail in its Part I in order to prepare the ground for their integration in Part II of the book. In this way we inspect what types of models of disequilibrium, income distribution, and real growth we have at our disposal, as models that have proved to be of real interest and sound from a rigorous modeling perspective.



Topics In Applied Macrodynamic Theory


Topics In Applied Macrodynamic Theory
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Author : Peter Flaschel
language : en
Publisher: Springer Science & Business Media
Release Date : 2008-07-03

Topics In Applied Macrodynamic Theory written by Peter Flaschel 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 2008-07-03 with Business & Economics categories.


This insightful book presents topics in applied dynamic macrotheory for closed and open economies. The authors give an advanced treatment of macroeconomic topics such as the Phillips curve, forward and backward looking behavior, open economy macrodynamics, structural macroeconometric model building as well as the empirics of Keynesian oriented macro models. The dynamics of open economies in the context of interacting two country models are treated as well.



Macrodynamics


Macrodynamics
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Author : Peter Flaschel
language : en
Publisher: Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften
Release Date : 1993

Macrodynamics written by Peter Flaschel and has been published by Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Business & Economics categories.


This book on macrodynamic theories of growth, (in-)stability and cycles shows that the debate between Keynesians, Monetarists and New Classical economists can be reformulated from the perspective of a further and quite different approach to macroeconomic model building. Basis of this reformulation is the growth cycle model of Goodwin which is extended in various ways in the pursuit of this aim. Besides this central theme, the book also introduces into Keynesian, Marxian and Neoclassical models of short-, medium- and long-run macroeconomics in its part I, II. Models which synthesize these approaches and which thus provide a (deterministic) framework for the investigation of the adequateness of the various explanations of cyclical growth and inflation are considered in part III.



Post Keynesian Macrodynamics


Post Keynesian Macrodynamics
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Author : Michael Alan Salant
language : en
Publisher:
Release Date : 1982

Post Keynesian Macrodynamics written by Michael Alan Salant and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Economics categories.


Illustrations: 17 line charts, 3 flow charts. Also: Appendices, bibliography, index, & tables. Audience: Adult professional & college text. The premise of this book is that the standard Keynesian framework, relied on by every economist, has serious deficiencies. The aim of this book is to present an alternate macroeconomic theory by which stagnation & inflation may be studied in domestic & international contexts. This book will interest readers interested in macroeconomics. The book briefly summarizes the classical & Keynesian theories & then describes in detail the author's Post Keynesian Macrodynamic alternative framework, which the book illustrates using twelve numerical examples, derived from three "back-of-the-envelope" models. The theory in this book is a dynamic equilibrium theory which takes special pains to distinguish between real & nominal, physical & financial, supply & demand, stock & flow, expectations & actual realizations, & long-term & short-term concepts. Michael Alan Salant has a Ph.D. in economics from Stanford & a B.A. in mathematics from Harvard. He has worked for the Departments of Agriculture & Treasury & as an Independent consultant. He also served in the Peace Corps - Phillipines from 1964-66.



Open Economy Macrodynamics


Open Economy Macrodynamics
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Author : Toichiro Asada
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-11-10

Open Economy Macrodynamics written by Toichiro Asada 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 2012-11-10 with Business & Economics categories.


In the first part of this book, we treat interacting and small open economies. We do this from an historical perspective, starting from the Classical model of the gold standard and the specie-flow mechanism and aim to show there that the Dornbusch IS-LM-PC approach, with or without rational expectations, can still be considered as a (if not the) core contribution to contemporaneous open economy macrodynamics, also on the level of structural macroeconometric model building. In the second part we then extend this analysis to the incorporation of more disequilibrium on the real markets, prominent further feedback channels of the macrodynamic literature and integrated macromodel building. We start from the closed economy, consider large open economies in a fixed exchange rate system, small open economies subject to high capital mobility, and finally two large interacting economies like the USA and Euroland. Our macrofounded approach extends and integrates non-market clearing traditions to macrodynamics and can be usefully compared with the New Keynesian approaches which are generally rigorously microfounded, but often much more limited in scope in capturing full market and agent interactions.



Macrodynamics Fluctuations And Growth


Macrodynamics Fluctuations And Growth
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Author : Pierre-Yves Hénin
language : en
Publisher: Routledge
Release Date : 2013-04-15

Macrodynamics Fluctuations And Growth written by Pierre-Yves Hénin and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-15 with Business & Economics categories.


Building from the micro-foundations of economic behaviour to a full survey of macroeconomics, the book examines growth theory and equilibrium and disequilibrium approaches to provide a comprehensive survey of all the rival theoretical approaches that underlie central policy debates. A survey of pre-Keynesian theories of growth, fluctuations and the various short and long cycles and crises is followed by an exposition of Keynesian theory and its subsequent development and of the neo-classical revival. Topics covered include: * Non-clearing markets * Involuntary unemployment * Persistent inflation. As well as full coverage of the English-language literature, Macrodynamics covers important contributions from the new school of French macroeconomists, including Malinvaud, Benassy and Grandmont.