Quantitative and Empirical Analysis of Nonlinear Dynamic Macromodels (Contributions to Economic Analysis)

Langue : anglais

Edité par Elsevier, 2006

0444521224 / 9780444521224

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Hardcover, xvi + 546 pages, NOT ex-library. Shipping weight over 1kg. Bumped lower spine, with creases and a short tear (a gentle crease in the lower inner corner of a portion of leaves, else contents not affected). Owner's signature on the front endpaper covered with a blank sticker. Interior is clean and bright throughout with unmarked text, free of stamps, firmly bound. Faint marks on the upper outer page edges. Issued without a dust jacket. -- The book provides a rigorous mathematical and empirical investigation into the complex dynamics of modern economies. This edited volume addresses the limitations of traditional linear modelling, proposing instead that economic fluctuations and growth are driven by nonlinear interactions within and between the real and financial sectors. By moving beyond equilibrium-based assumptions, the research offers a granular understanding of how economies evolve over time through the lens of disequilibrium. Central to the analysis is the development and refinement of the Keynes-Metzler-Goodwin (KMG) framework associated with the "Bielefeld School" of macroeconomics. This approach allows for the integrated study of goods, labour, and financial markets, accounting for the feedback loops that lead to endogenous business cycles. The research employs a range of quantitative techniques, including stability analysis, bifurcation theory, and extensive numerical simulations. A significant portion of the work is dedicated to the empirical validation of these models, using calibration and estimation methods to test the theoretical structures against historical macroeconomic data. The volume extends to the dynamics of asset markets, exploring how speculative behaviour and heterogeneous expectations among agents can destabilise the macroeconomy. This focus on financial fragility and the volatility of exchange rates and stock prices provides a structural understanding of the systemic risks inherent in globalised markets. The work is relevant to current efforts in risk assessment and the management of economic volatility, providing the technical basis for models that acknowledge the inherent instability of market processes. Areas of interest: nonlinear dynamics, KMG modelling, business cycle theory, and empirical macroeconomics.…

N° de réf. du vendeur 013240

Titre
Quantitative and Empirical Analysis of Nonlinear Dynamic Macromodels (Contributions to Economic Analysis)
Auteur
Carl Chiarella; Reiner Franke; Peter Flaschel; Willi Semmler
Éditeur
Elsevier
Année de publication
2006
État de l'article
Good
Reliure
Hardcover
Langue
anglais
ISBN à 10 chiffres
0444521224
ISBN à 13 chiffres
9780444521224
Édition
1st Edition

killarneybooks

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All U.S.-bound orders are now shipped with UPS for reliable delivery. Additional customs or import fees are highly unlikely; however, please note buyers remain responsible for any duties or taxes that U.S. Customs may assess. -- Killarneybooks is a family-run bookshop based in the Republic of Ireland. We take pride in accurate listings, careful packaging, and prompt service - most orders ship within 24 hours. All books listed are in stock and ready for immediate dispatch - we are not dropshippers. Inquiries always welcome.…

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