Download or read book Macroeconomics An Introduction to the Non Walrasian Approach written by Jean-Pascal Benassy and published by Academic Press. This book was released on 2014-05-10 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomics: An Introduction to the Non-Walrasian Approach provides the approach to macroeconomic theory based on the non-Walrasian method. This book presents the microeconomic concepts that can be applied in a simple and relevant manner to the fundamental topics of macroeconomic theory. Organized into five parts encompassing 14 chapters, this book begins with an overview of the fundamental concepts, describing the functioning of nonclearing markets, the role of expectations, the setting of prices by decentralized agents, and the derivation of optimal demand and supplies. This text then studies various non-Walrasian equilibrium concepts. Other chapters compare the classical and Keynesian theories of unemployment in the framework of a model. This book discusses as well the asymmetric price flexibility into the basic model. The final chapter deals with a dynamic model with explicit expectations, which allows a comparison of the employment effects of various expectations schemes and their realism. This book is a valuable resource for economists.
Download or read book Macroeconomics written by Jean-Pascal Bénassy and published by . This book was released on 1986 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: The basic concepts; Non-Walrasian equilibria; Theories of unemployment; Asymmetric price flexibility and the effectiveness of employment policies; Indexation and employment policies; The three regimes of the IS-LM model; Economic policies in an open economy; The balance of payments; Theories of inflation; Phillips curves, conflicts, and expectations; A model of the business cycle; The role of expectations; Non-Walrasian prices and perfect foresight; Expectations, information, and dynamics.
Download or read book The Macroeconomics of Imperfect Competition and Nonclearing Markets written by Jean-Pascal Benassy and published by MIT Press. This book was released on 2005-01-14 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, Jean-Pascal Benassy attempts to integrate into a single unified framework dynamic macroeconomic models reflecting such diverse lines of thought as general equilibrium theory, imperfect competition, Keynesian theory, and rational expectations. He begins with a simple microeconomic synthesis of imperfect competition and nonclearing markets in general equilibrium under rational expectations. He then applies this framework to a large number of dynamic macroeconomic models, covering such topics as persistent unemployment, endogenous growth, and optimal fiscal-monetary policies. The macroeconomic methodology he uses is similar in spirit to that of the popular real business cycles theory, but the scope is much wider. All of the models are solved "by hand," making the underlying economic mechanisms particularly clear.
Download or read book Practical Macroeconomics for Non Economists written by Michael P. Niemira and published by Taylor & Francis. This book was released on 2023-07-10 with total page 427 pages. Available in PDF, EPUB and Kindle. Book excerpt: Practical Macroeconomics for Non-Economists provides the tools, the theory, and the empirical understanding of macroeconomics without the heavy lifting of the mathematical and econometric models. This accessible book introduces the building blocks of macroeconomic thinking and challenges the reader to apply these insights to learn why economists say what they do and what guides economic policymakers. Linking actual data to theoretical concepts, it explores competing economic theories, and uncovers some of the key controversies in macroeconomic theory and how different perspectives lead to alternative and vastly different policy recommendations. Key features include: • Coverage of all the key macroeconomic topics, such as GDP, inflation, unemployment, output and productivity, business cycles, aggregate demand/supply, and fiscal and monetary policy. • Question-and-answer format, covering the foundations of each topic in a logical progression, to provide the reader with a quick reference and more focused discussion. • "Advanced questions" to encourage deeper discussion. • Start-of-chapter learning objectives, which allow the reader to "see" the road ahead for each section. • End-of-chapter "Issues to think about" boxed features, which offer the reader an opportunity to apply critical thinking to the issues covered. • Resource manual and PowerPoints for instructors. Practical Macroeconomics for Non-Economists is the ideal textbook for anyone looking for a practical and non-technical introduction to the subject.
Download or read book Developments in Non walrasian Economics and the Microeconomie Foundations of Macroeconomics written by Jean-Pascal Bénassy and published by . This book was released on 1980 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Walrasian and Non Walrasian Equilibria written by Anjan Mukherji and published by Oxford University Press, USA. This book was released on 1990 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A History of Macroeconomics from Keynes to Lucas and Beyond written by Michel De Vroey and published by Cambridge University Press. This book was released on 2016-01-08 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book retraces the history of macroeconomics from Keynes's General Theory to the present. Central to it is the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era, each ruled by distinct methodological standards. In the Keynesian era, the book studies the following theories: Keynesian macroeconomics, monetarism, disequilibrium macro (Patinkin, Leijongufvud, and Clower) non-Walrasian equilibrium models, and first-generation new Keynesian models. Three stages are identified in the DSGE era: new classical macro (Lucas), RBC modelling, and second-generation new Keynesian modeling. The book also examines a few selected works aimed at presenting alternatives to Lucasian macro. While not eschewing analytical content, Michel De Vroey focuses on substantive assessments, and the models studied are presented in a pedagogical and vivid yet critical way.
Download or read book Wages and Unemployment written by Pierre Picard and published by Cambridge University Press. This book was released on 1993-05-13 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an overview and assessment of various theoretical approaches in macroeconomics that focus on wage rigidities and involuntary unemployment. It offers an analysis of the microeconomic foundations of rigid wages and considers their implications for public policy. It reports new findings concerning the theory of fix-price temporary equilibria, and provides an analysis of the micro-foundations of inefficiencies in the labor market such as risk-sharing mechanisms, union behavior and efficiency wage models.
Download or read book Post Walrasian Macroeconomics written by David Colander and published by Cambridge University Press. This book was released on 2006-07-17 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomics is evolving in an almost dialectic fashion. The latest evolution is the development of a new synthesis that combines insights of new classical, new Keynesian and real business cycle traditions into a dynamic, stochastic general equilibrium (DSGE) model that serves as a foundation for thinking about macro policy. That new synthesis has opened up the door to a new antithesis, which is being driven by advances in computing power and analytic techniques. This new synthesis is coalescing around developments in complexity theory, automated general to specific econometric modeling, agent-based models, and non-linear and statistical dynamical models. This book thus provides the reader with an introduction to what might be called a Post Walrasian research program that is developing as the antithesis of the Walrasian DSGE synthesis.
Download or read book The General Theory written by G. C. Harcourt and published by Routledge. This book was released on 2005-06-27 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second volume contains essays which relate to developments in Keynes' scholarship and theorizing in the years since his death and demonstrates the ongoing validity of the Keynesian tradition.
Download or read book New Paradigm in Macroeconomics written by R. Werner and published by Springer. This book was released on 2005-03-21 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern mainstream economics is attracting an increasing number of critics of its high degree of abstraction and lack of relevance to economic reality. Economists are calling for a better reflection of the reality of imperfect information, the role of banks and credit markets, the mechanisms of economic growth, the role of institutions and the possibility that markets may not clear. While it is one thing to find flaws in current mainstream economics, it is another to offer an alternative paradigm which, can explain as much as the old, but can also account for the many 'anomalies'. That is what this book attempts. Since one of the biggest empirical challenges to the 'old' paradigm has been raised by the second largest economy in the world - Japan - this book puts the proposed 'new paradigm' to the severe test of the Japanese macroeconomic reality.
Download or read book The Labor Market and Business Cycle Theories written by Piero Ferri and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book A History of Economic Theory written by T. Negishi and published by Routledge. This book was released on 1989 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book General Equilibrium written by Hayo Reinders and published by Springer. This book was released on 1989-03-01 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an excerpt from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This extract concentrates on the topic of general equilibrium.
Download or read book Economic Thought Since Keynes written by Michel Beaud and published by Routledge. This book was released on 2005-09-27 with total page 795 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Thought Since Keynes provides a concise overview of changing economic thought in the latter part of the twentieth century. Part 1 gives an analysis of topics including: * Keynes and the General Theory, * the triumph of interventionism, * the neoclassical synthesis, * the resurgence of liberalism. Part 11 gives a concise biography of the 150 most influential economists since Keynes. This invaluable book will be a useful reference tool for anyone teaching or studying economics.
Download or read book Dynamic Econometrics written by David F. Hendry and published by . This book was released on 1995 with total page 918 pages. Available in PDF, EPUB and Kindle. Book excerpt: The main problem in econometric modelling of time series is discovering sustainable and interpretable relationships between observed economic variables. The primary aim of this book is to develop an operational econometric approach which allows constructive modelling. Professor Hendry deals with methodological issues (model discovery, data mining, and progressive research strategies); with major tools for modelling (recursive methods, encompassing, super exogeneity, invariance tests); and with practical problems (collinearity, heteroscedasticity, and measurement errors). He also includes an extensive study of US money demand. The book is self-contained, with the technical background covered in appendices. It is thus suitable for first year graduate students, and includes solved examples and exercises to facilitate its use in teaching. About the Series Advanced Texts in Econometrics is a distinguished and rapidly expanding series in which leading econometricians assess recent developments in such areas as stochastic probability, panel and time series data analysis, modeling, and cointegration. In both hardback and affordable paperback, each volume explains the nature and applicability of a topic in greater depth than possible in introductory textbooks or single journal articles. Each definitive work is formatted to be as accessible and convenient for those who are not familiar with the detailed primary literature.
Download or read book Theories of International Trade written by Adam Klug and published by Routledge. This book was released on 2006-09-27 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: Before his untimely death in 2000, the brilliant young Israeli economic historian Klug conducted a thorough survey into the different theories of international trade. The results of this are now available here for the first time with an introduction from Warren Young and Michael Bordo. Utilizing the inter-temporal open economy model as a case study, Theories of International Trade illuminates the phenomenon of recurrence and the problem of recurring doctrines in economic thought and analysis. This compelling book will be of interest to scholars in the history of economic thought, and to international economists in general.
