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Open Economy Macrodynamics


Open Economy Macrodynamics
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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.



Essays In Macrodynamic Economics


Essays In Macrodynamic Economics
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Author : Kenneth K. Kurihara
language : en
Publisher: SUNY Press
Release Date : 1972-01-01

Essays In Macrodynamic Economics written by Kenneth K. Kurihara and has been published by SUNY Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1972-01-01 with Business & Economics categories.


This collection of essays is concerned with the behavioral and structural problems of growing advanced economies. Can these economies achieve and maintain stable growth without inflation, unemployment and balance of payments difficulties?



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.



Open Economy Macroeconomics


Open Economy Macroeconomics
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Author : Asbjørn Rødseth
language : en
Publisher: Cambridge University Press
Release Date : 2000-09-14

Open Economy Macroeconomics written by Asbjørn Rødseth 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 2000-09-14 with Business & Economics categories.


Advanced textbook offering a broad survey of open economy macroeconomics within a unified framework. Rødseth reviews the theories used in government departments, central banks and financial institutions and that form the basis for most quantitative models of open economies. The resulting policy implications are also considered with reference to current European debate. In addition to the theoretical and policy analysis the book also contains a comprehensive survey of the current state of scholarship in this area.



Asset Markets Portfolio Choice And Macroeconomic Activity


Asset Markets Portfolio Choice And Macroeconomic Activity
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Author : T. Asada
language : en
Publisher: Springer
Release Date : 2011-05-27

Asset Markets Portfolio Choice And Macroeconomic Activity written by T. Asada and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-05-27 with Business & Economics categories.


This book extends the KMG framework (Keynes, Meltzer, Goodwin) and focuses on financial issues. It integrates Tobin's macroeconomic portfolio approach and emphasizes the issue of stock-flow consistency.



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 book is about the study of topics in macro dynamics from an applied, empirical perspective. The modeling philosophy behind most of the chapters ofthisbookisofKeynesiannature,representinganattempttorevivethist- oreticalperspectiveontheworkingofthemacroeconomy. Themacroeconomic research pursued here is somewhat di?erent from the mainstream literature using the Dynamic Stochastic General Equilibrium (DSGE) approach as the basic modeling device. The main features of the latter are the assumptions of intertemporally optimizing agents, rational expectations, competitive m- kets and price mediated market clearing through su?ciently ?exible prices and wages. The New Keynesian approach to macroeconomics has, in the last decade or so, to a large extent, also adopted the DSGE framework, building on intertemporally optimizing agents and market clearing, but favoring more the concept of monopolistic competition, sticky wages and prices and nominal as well as real rigidities. An path breaking work of this type is the recent book by Woodford (2003). However, it is well known that the intertemporal approach of smoothly optimizing agents and fast adjustments in order to establish temporal or - tertemporal marginal conditions in the product market, labor and capital markets, has not been very successful to match certain stylized facts on those markets. A further de?ciency of those intertemporal decision models is that macroeconomic feedback e?ects—and their stabilizing or destabilizing impact on the macroeconomy—have rarely been considered in those models. Yet, those feedback mechanisms, relevant for the interaction of all three markets, have been theoretically and empirically explored since the 1930s.



Revival The Megacorp And Oligopoly Micro Foundations Of Macro Dynamics 1981


Revival The Megacorp And Oligopoly Micro Foundations Of Macro Dynamics 1981
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Author : Alfred S. Eicher
language : en
Publisher: Routledge
Release Date : 2017-09-29

Revival The Megacorp And Oligopoly Micro Foundations Of Macro Dynamics 1981 written by Alfred S. Eicher and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-29 with Political Science categories.


This title was first published in 1976. This book provides both an explanation of the inflation which has bedeviled economic policy in the West since the end of World War II and a micro-economic theory to purge Keynesian models of the Walrasian strain derived from Marshall's Principles. By focusing on what is taken to be the representative business firm of the twentieth century - the large corporation or megacorp - the microeconomic model presented in the book reverses the usual assumptions of economic analysis. Instead of assuming the existence of firms with no control over prices, the book examines how the megacorp uses its pricing power to finance its own internal rate of growth. The result is a determinant model of how prices are set under the sort of oligopolistic conditions which prevail in most modern industries throughout the world.



Macroeconomics


Macroeconomics
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Author : Alex M. Thomas
language : en
Publisher: Cambridge University Press
Release Date : 2021-09-30

Macroeconomics written by Alex M. Thomas 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 2021-09-30 with Business & Economics categories.


Provides a lucid and novel introduction to macroeconomic issues and introduces an alternative approach of understanding macroeconomics, which is inspired by the works of Adam Smith, David Ricardo, Karl Marx, John Maynard Keynes, and Piero Sraffa. It also presents the reader with a critical account of mainstream marginalist macroeconomics.



The Development Of Economics In Japan


The Development Of Economics In Japan
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Author : Toichiro Asada
language : en
Publisher: Routledge
Release Date : 2014-04-11

The Development Of Economics In Japan 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 2014-04-11 with Business & Economics categories.


This book covers the development of economics in Japan from the inter-war period to the 2000s focusing on the international theoretical contributions of Japanese economists. The first focal point is the international contributions of Japanese economists before and after World War II. The second focal point is the controversies concerning macroeconomic policies in Japan in the period of the ‘Great Depressions’ in the 1930s and the period of Japanese ‘Great Stagnation’ in the 1990s and the early 2000s. In short, economics in Japan is considered from both a theoretical and a policy-oriented point of view. The intimate relationship between economic theory, thought and policy is also fully examined, as well as the development of both academic and non-academic (practical) Japanese economics and the influence of Marx, Walras, Keynes, Fisher and Cassell.



Return Of Marxian Macro Dynamics In East Asia


Return Of Marxian Macro Dynamics In East Asia
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Author : Masao Ishikura
language : en
Publisher: Emerald Group Publishing
Release Date : 2017-08-21

Return Of Marxian Macro Dynamics In East Asia written by Masao Ishikura and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-08-21 with Political Science categories.


This important and timely volume brings together experts in political economy from across the globe, to comment on the return of Marxian macro-dynamics in East Asia. The contributions explore macro-dynamics, the role of the state and hegemony in the context of transnational capitalism, and Marxian alternatives for East Asia.