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Author | : Carl Chiarella |
Publisher | : Springer Science & Business Media |
Total Pages | : 487 |
Release | : 2013-06-29 |
Genre | : Business & Economics |
ISBN | : 3662040700 |
Download Disequilibrium, Growth and Labor Market Dynamics Book in PDF, ePub and Kindle
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.
Author | : Carl Chiarella |
Publisher | : |
Total Pages | : 496 |
Release | : 2014-01-15 |
Genre | : |
ISBN | : 9783662040713 |
Download Disequilibrium, Growth and Labor Market Dynamics Book in PDF, ePub and Kindle
Author | : Charles van Marrewijk |
Publisher | : Ashgate Publishing |
Total Pages | : 184 |
Release | : 1993 |
Genre | : Business & Economics |
ISBN | : |
Download Disequilibrium Growth Theory Book in PDF, ePub and Kindle
Static disequilibrium economic theory fails to analyse the dynamic effects of market disequilibrium, whereas standard growth theory always assumes markets to be in equilibrium. Both shortcomings can be overcome by disequilibrium growth theory. A problem arises, however, because different short term disequilibrium regimes give rise to differential equations. The dynamic analysis, therefore, has to take into consideration the possibility of regime switching. Various solutions have been put forward for this problem, but they generally do not give unique solutions. The method developed by Filippov gives a unique solution that coincides with the classical solution to differential equations in the interior of the regimes. This approach has been used in several papers in the past decade. This book seeks to fill the gap in the literature on what has been achieved so far.
Author | : Piero Ferri |
Publisher | : Springer Science & Business Media |
Total Pages | : 197 |
Release | : 2012-12-06 |
Genre | : Political Science |
ISBN | : 3662008319 |
Download The Labor Market and Business Cycle Theories Book in PDF, ePub and Kindle
Interest in business cycles has had its 'ups and downs'. After a period of almost steady state growth and of economic tranquility, when the business cycle seemed to be obsolete, the turbulence of the 70s and 80s has contributedto a renewed interest in the topic. Important analytical and methodological innovations have also favored the present abundance of contributions. Four innovations are of particular importance: i. microfoundations ii. nonlinearities iii. stochastic variables iv. real aspects. Both Classical macroeconomics and new-Keynesian approaches seem to share these characteristics, which apply both to endogenous and exogenous explanations of the cycle. The distance separating the newer literature from its forebears seems vast. Previously, cycle theory was characterized by a macro approach and utilized nonlinearities either through piecewise 'linear models or with the aid of Classical theorems in the field of dynamic systems. To consider and to compare the old and the new literature on business cycles is one of the goals of this book. To narrow the distance separating them is another goal of this research. We do not try to bridge it, but rather to revisit the former tradition with new tools. Finally, a particular emphasis is put on the 'ceilings and floors' type of literature. One of us has written a D. Phil. thesis with Sir John Hicks, and both have worked with H. P. Minsky. Hicks, along with Goodwin, introdu. ced the concept of ceilings and floors into business cycle analysis, and Minsky made important contributions to the area.
Author | : Richard E. Quandt |
Publisher | : |
Total Pages | : 120 |
Release | : 1988 |
Genre | : Business & Economics |
ISBN | : |
Download The Conflict Between Equilibrium and Disequilibrium Theories Book in PDF, ePub and Kindle
Author | : Ronald St. Clair Warren |
Publisher | : |
Total Pages | : 290 |
Release | : 1976 |
Genre | : Labor supply |
ISBN | : |
Download Aggregate Wage Dynamics and Labor Market Disequilibrium Book in PDF, ePub and Kindle
Author | : Pierre-Richard Agénor |
Publisher | : International Monetary Fund |
Total Pages | : 98 |
Release | : 1995-11-01 |
Genre | : Business & Economics |
ISBN | : 1451854781 |
Download The Labor Market and Economic Adjustment Book in PDF, ePub and Kindle
This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
Author | : Ronald St. Clair Warren jr. |
Publisher | : |
Total Pages | : 145 |
Release | : 1976 |
Genre | : |
ISBN | : |
Download Aggregate wage dynamics and labor market disequilibrium Book in PDF, ePub and Kindle
Author | : Pierre-Yves Hénin |
Publisher | : Routledge |
Total Pages | : 465 |
Release | : 2013-04-15 |
Genre | : Business & Economics |
ISBN | : 1135033463 |
Download Macrodynamics: Fluctuations and Growth Book in PDF, ePub and Kindle
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.
Author | : Jos Verbeek |
Publisher | : |
Total Pages | : 48 |
Release | : 1990 |
Genre | : |
ISBN | : |
Download Disequilibrium Growth Theory Book in PDF, ePub and Kindle