The Dynamics of Keynesian Monetary Growth PDF (Adobe DRM) download by Carl Chiarella

The Dynamics of Keynesian Monetary Growth

Cambridge University Press
Publication date: August 1996
ISBN: 9780511036682
Digital Book format: PDF (Adobe DRM)

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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. The book is organised into seven chapters. Chapter 1 discusses traditional macrodynamic model buidling. Chapters 2-4 show how Keynesian disequilibrium growth can be obtained from Tobin and Keynes-Wicksell monetary growth models. Chapter 5 treats the cases of substitution in production, and Chapter 6 provides the working model of the book. Chapter 7 discusses further extensions and gives an outlook on future work.
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