Adjustment Dynamics and the Natural Rate
Author | : S. G. B. Henry |
Publisher | : |
Total Pages | : 20 |
Release | : 1999 |
Genre | : Economics |
ISBN | : |
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Author | : S. G. B. Henry |
Publisher | : |
Total Pages | : 20 |
Release | : 1999 |
Genre | : Economics |
ISBN | : |
Author | : S. G. B. Henry |
Publisher | : |
Total Pages | : |
Release | : 1998 |
Genre | : Economics |
ISBN | : |
Author | : Brian Henry |
Publisher | : |
Total Pages | : 20 |
Release | : 1999 |
Genre | : |
ISBN | : |
Author | : Marika Karanassou |
Publisher | : |
Total Pages | : 24 |
Release | : 1996 |
Genre | : Economics |
ISBN | : |
Author | : Joseph Haimowitz |
Publisher | : |
Total Pages | : 312 |
Release | : 1995 |
Genre | : Equilibrium (Economics) |
ISBN | : |
Author | : Maurice Obstfeld |
Publisher | : |
Total Pages | : 40 |
Release | : 1983 |
Genre | : Foreign exchange |
ISBN | : |
This paper studies exchange rate behavior in models with moving long-run equilibria incorporating alternative price-adjustment mechanisms.The paper demonstrates that price-adjustment rules proposed by Mussa andby Barro and Grossman yield models that are empirically indistinguishable from each other. For speeds of goods-market adjustment that are "too fast," the Barro-Grossman rule appears to induce instability; but we argue that when the ruleis interpreted properly, models incorporating it are dynamically stable regardless of the speed at which disequilibriumis eliminated. The Barro-Grossman pricing scheme is shown to be a natural generalization, to a setting of moving long-run equilibria, of less versatile schemes proposed in earlier literature on exchange rate dynamics.
Author | : J. Peter Neary |
Publisher | : |
Total Pages | : 42 |
Release | : 1981 |
Genre | : Economic stabilization |
ISBN | : |
Author | : Ronald Shone |
Publisher | : Cambridge University Press |
Total Pages | : 240 |
Release | : 2001-09-13 |
Genre | : Business & Economics |
ISBN | : 9780521804783 |
This is an examples-driven treatment of introductory economic dynamics for students with a basic familiarity of spreadsheets. Shone approaches the subject with the belief that true understanding of a subject can only be achieved by students themselves setting out a problem and manipulating it experimentally. Although all economics students now have access to spreadsheets, they are often used for little more than graphing economic data. This book encourages students to go several stages further and set up and investigate simple dynamic models. A web-site for students and instructors is included that contains an additional 100 questions for students and 100 for instructors.
Author | : |
Publisher | : |
Total Pages | : |
Release | : 2006 |
Genre | : |
ISBN | : |
Author | : Carl Chiarella |
Publisher | : Cambridge University Press |
Total Pages | : 444 |
Release | : 2000-08-03 |
Genre | : Business & Economics |
ISBN | : 9781139427869 |
Originally published in 2000, this book is in the tradition of non-market-clearing approaches to macrodynamic approaches. It builds a series of integrated disequilibrium growth models of increasing complexity, which display the economic interaction between households, firms and government across labour, goods, money, bonds and equities markets. Chiarella and Flaschel demonstrate how macrodynamics can be developed in a hierarchical way from economically simple structures to more advanced ones. In addition it investigates complex macrodynamic feedback mechanisms.