Download or read book Post Keynesian Dynamic Stochastic General Equilibrium Theory written by Roger E. A. Farmer and published by . This book was released on 2017 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explains the connection between ideas developed in my recent books and papers and those of economists who self-identify as Post Keynesians. My own work is both neoclassical and 'old Keynesian'. Much of my published work assumes that people have rational expectations and that 'animal spirits' should be modeled as a new fundamental. I adopt a general equilibrium framework to model the macroeconomy. But although I write from a neo-classical tradition the themes I explore in my published writing have much in common with heterodox economics. This paper explains the common elements between these seemingly disparate traditions. I make the case for unity between Post-Keynesian and General Equilibrium Theory under the banner of Post-Keynesian Dynamic Stochastic General Equilibrium Theory.
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 Dynamic Stochastic General Equilibrium Models written by Hamilton Galindo Gil and published by Springer Nature. This book was released on with total page 473 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 Neoclassical Economics written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-01-16 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Neoclassical Economics In the field of economics, neoclassical economics refers to an approach that observes the production, consumption, and valuation (price) of commodities and services as being driven by the supply and demand model. According to this school of thinking, the value of a product or service is established by a hypothetical process that involves the maximization of utility by individuals with limited incomes and of profits by businesses that are confronted with production costs and make use of the information and factors of production that are accessible. By making reference to rational choice theory, this strategy has frequently been defended as being appropriate. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Neoclassical economics Chapter 2: Economics Chapter 3: Keynesian economics Chapter 4: Microeconomics Chapter 5: Perfect competition Chapter 6: General equilibrium theory Chapter 7: New Keynesian economics Chapter 8: Index of economics articles Chapter 9: Classical economics Chapter 10: Economic efficiency Chapter 11: Welfare economics Chapter 12: Steve Keen Chapter 13: Heterodox economics Chapter 14: Sonnenschein-Mantel-Debreu theorem Chapter 15: Schools of economic thought Chapter 16: Dynamic stochastic general equilibrium Chapter 17: Microfoundations Chapter 18: Neoclassical synthesis Chapter 19: New classical macroeconomics Chapter 20: Macroeconomics Chapter 21: History of macroeconomic thought (II) Answering the public top questions about neoclassical economics. (III) Real world examples for the usage of neoclassical economics in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of neoclassical economics.
Download or read book Bayesian Estimation of DSGE Models written by Edward P. Herbst and published by Princeton University Press. This book was released on 2015-12-29 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dynamic stochastic general equilibrium (DSGE) models have become one of the workhorses of modern macroeconomics and are extensively used for academic research as well as forecasting and policy analysis at central banks. This book introduces readers to state-of-the-art computational techniques used in the Bayesian analysis of DSGE models. The book covers Markov chain Monte Carlo techniques for linearized DSGE models, novel sequential Monte Carlo methods that can be used for parameter inference, and the estimation of nonlinear DSGE models based on particle filter approximations of the likelihood function. The theoretical foundations of the algorithms are discussed in depth, and detailed empirical applications and numerical illustrations are provided. The book also gives invaluable advice on how to tailor these algorithms to specific applications and assess the accuracy and reliability of the computations. Bayesian Estimation of DSGE Models is essential reading for graduate students, academic researchers, and practitioners at policy institutions.
Download or read book Post Keynesian Economics written by T. Palley and published by Springer. This book was released on 1996-06-19 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an important and original statement of Post Keynesian macroeconomic theory, focusing on the significance of privately created inside debts and income distribution for the determination of economic activity. The material is presented in a clear and accessible format
Download or read book Handbook of Computable General Equilibrium Modeling written by Peter B. Dixon and published by Newnes. This book was released on 2013-11-14 with total page 1143 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this collection of 17 articles, top scholars synthesize and analyze scholarship on this widely used tool of policy analysis, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top US graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view. Presents coherent summaries of CGE theories that inform major model types Covers the construction of CGE databases, model solving, and computer-assisted interpretation of results Shows how CGE modeling has made a contribution to economic policy
Download or read book Mesoeconomics written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2023-11-09 with total page 795 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Mesoeconomics The study of economic arrangements that are not based on the microeconomics of buying and selling as well as supply and demand, nor on the macroeconomic reasoning of aggregate totals of demand, but rather on the significance of the structures under which these forces play out, and how to measure the effects of these structures, is referred to as mezzoeconomics or mesoeconomics. This is a neologism that is used to describe the study of economic arrangements. Back in the 19th century, the field of study known as mesoeconomics first started to take shape. Long-term planning and economic zoning were topics that were investigated by Soviet researchers in the first half of the 20th century. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Mesoeconomics Chapter 2: Keynesian economics Chapter 3: Microeconomics Chapter 4: Macroeconomics Chapter 5: Neoclassical economics Chapter 6: General equilibrium theory Chapter 7: Post-Keynesian economics Chapter 8: Index of economics articles Chapter 9: Fiscal policy Chapter 10: Demand management Chapter 11: Kurt Dopfer Chapter 12: Long run and short run Chapter 13: Economics education Chapter 14: Dynamic stochastic general equilibrium Chapter 15: Microfoundations Chapter 16: New classical macroeconomics Chapter 17: Yew-Kwang Ng Chapter 18: Jason Potts (economist) Chapter 19: History of macroeconomic thought Chapter 20: New neoclassical synthesis Chapter 21: Richard Curtin (economist) (II) Answering the public top questions about mesoeconomics. (III) Real world examples for the usage of mesoeconomics in many fields. (IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of mesoeconomics Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of mesoeconomics.
Download or read book The Cross Section of Output and Inflation in a Dynamic Stochastic General Equilibrium Model with Sticky Prices written by Jörg Döpke and published by . This book was released on 2008 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Teaching Macroeconomics with Microsoft Excel written by Humberto Barreto and published by Cambridge University Press. This book was released on 2016-05-23 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: Humberto Barreto shows professors how to teach macroeconomic models and incorporate data using Microsoft Excel® with free files and videos.
Download or read book Pricing Decisions in an Experimental Dynamic Stochastic General Equilibrium Economy written by Charles Noussair and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Understanding DSGE written by Celso José Costa and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macroeconomic Theory written by Michael Wickens and published by Princeton University Press. This book was released on 2012-03-12 with total page 617 pages. Available in PDF, EPUB and Kindle. Book excerpt: The definitive graduate textbook on modern macroeconomics Macroeconomic Theory is the most up-to-date graduate-level macroeconomics textbook available today. This revised second edition emphasizes the general equilibrium character of macroeconomics to explain effects across the whole economy while taking into account recent research in the field. It is the perfect resource for students and researchers seeking coverage of the most current developments in macroeconomics. Michael Wickens lays out the core ideas of modern macroeconomics and its links with finance. He presents the simplest general equilibrium macroeconomic model for a closed economy, and then gradually develops a comprehensive model of the open economy. Every important topic is covered, including growth, business cycles, fiscal policy, taxation and debt finance, current account sustainability, and exchange-rate determination. There is also an up-to-date account of monetary policy through inflation targeting. Wickens addresses the interrelationships between macroeconomics and modern finance and shows how they affect stock, bond, and foreign-exchange markets. In this edition, he also examines issues raised by the most recent financial crisis, and two new chapters explore banks, financial intermediation, and unconventional monetary policy, as well as modern theories of unemployment. There is new material in most other chapters, including macrofinance models and inflation targeting when there are supply shocks. While the mathematics in the book is rigorous, the fundamental concepts presented make the text self-contained and easy to use. Accessible, comprehensive, and wide-ranging, Macroeconomic Theory is the standard book on the subject for students and economists. The most up-to-date graduate macroeconomics textbook available today General equilibrium macroeconomics and the latest advances covered fully and completely Two new chapters investigate banking and monetary policy, and unemployment Addresses questions raised by the recent financial crisis Web-based exercises with answers Extensive mathematical appendix for at-a-glance easy reference This book has been adopted as a textbook at the following universities: American University Bentley College Brandeis University Brigham Young University California Lutheran University California State University - Sacramento Cardiff University Carleton University Colorado College Fordham University London Metropolitan University New York University Northeastern University Ohio University - Main Campus San Diego State University St. Cloud State University State University Of New York - Amherst Campus State University Of New York - Buffalo North Campus Temple University - Main Texas Tech University University of Alberta University Of Notre Dame University Of Ottawa University Of Pittsburgh University Of South Florida - Tampa University Of Tennessee University Of Texas At Dallas University Of Washington University of Western Ontario Wesleyan University Western Nevada Community College
Download or read book General Equilibrium written by Frank Hahn and published by Routledge. This book was released on 2003-09-02 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years certain leading figures in the world of economics have called the usefulness of general equilibrium theory into question. This superb new book brings together leading economic theorists with important contributions to the ongoing debate. General equilibrium theorists including Michio Morishima, Michael Magill and Martine Quinzii debate strengths, weaknesses and possible futures with leading thinkers such as Herb Gintis, Pierangelo Garegnani and Duncan Foley, who seek to explain the rejection of general equilibrium. Uniquely, none of the contributors portray general equilibrium theory as the perfect guide to market economies actual behaviour, but rather illustrate that there is insufficient acquaintance with existing alternatives and that general equilibrium theory is often used as an ideal 'benchmark'.
Download or read book Dynamic Stochastic General Equilibrium Models with Heterogeneous Agents written by Elisabeth Pröhl and published by . This book was released on 2018 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Equilibrium and Disequilibrium in Economic Theory written by G. Schwödiauer and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 768 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is the result of a conference held at the Institute for Advanced Studies, Vienna. There is still a gap reflected both in fundamental meth odological differences and in the style of analysis between the Walrasian (and Edgeworthian) tradition of general equilibrium theory and the theo retical and policy problems raised in the framework of Keynesian and post-Keynesian macroeconomics. The conference succeeded in bringing together economic theorists working in fields ranging from abstract prob lems of mathematical equilibrium analysis to applied macroeconomic theory, and it is hoped that the present volume will contribute to bridging the above-mentioned hiatus. As organizer of the meeting and editor of its proceedings I want to thank the Institute for Advanced Studies for providing facilities and funds. I am also sincerely grateful to all my colleagues from the Institute for their generous help, in particular to Mrs Monika Herkner without whose assistance and organizational talent the conference would certainly not have been the success it in fact - in the opinion of all participants - turned out to have been. Furthermore, I wish to express my gratitude towards all participants in the meeting and contributors to the volume whose patient support of the whole enterprise proved indispensable. To Mrs Elfriede Auracher I am deeply indebted for her skillful and effective general management of the editorial work and her invaluable assistance in compiling the indexes.
