Reconstructing Keynesian Macroeconomics Volume 1 : Partial Perspectives

ISBN-13: 9780415668569 / Angielski / Twarda / 2011 / 400 str.

Carl Chiarella; Peter Flaschel; Willi Semmler

Opis

This text represents the first of three volumes offering a complete reinterpretation and restructuring of Keynesian macroeconomics and a detailed investigation of the disequilibrium adjustment processes characterizing the financial, the goods and the labour markets and their interaction.

Spis treści

Part 1: Methodological Issues: Macro-Frequencies and Dimensions  1. Applicable Macro is Continuous-Time Macro  2. Walras’ Law and the Role of Dimensional Analysis in Economics  3. Lucas (1975): Too Ad Hoc?  Part 2: Model-Consistent Forecasts, Determinacy and the Rational Expectations School  4. Price Flexibility and Instability: Tobin (1975) Reconsidered  5. Stock Market Driven Multiplier Dynamics: A Reconsideration  6. Inflation and Perfect Foresight: Implications of Nonlinearity  7. Determinacy in the New-Keynesian Sticky Wage/Price Model  Part 3: Macroeconomic Adjustment Processes: Theory  8. Disequilibrium Growth Theory with Insider-Outsider Effects  9. The Dominance of Keynesian Regimes in Nonwalrasian Growth  10. Steindlian Models of Growth and Stagnation  11. Investment of Firms in Capital and Productivity Growth  12. A Harrodian Knife-Edge Theorem in the Wage-Price Dynamics  Part 4: Macroeconomic Adjustment Processes: Evidence  13. Estimating Interacting Wage-Price Dynamics  14. ES Calibration of Wage & Price Phillips Curves  15. Testing Nonlinear Wage & Price Phillips Curves for the USA  16. The Distributive Cycle with a Nonlinear Wage Phillips Curve  Part 5: The Road Ahead: Neoclassical Syntheses and Beyond  17. Keynesian Business Cycle Analysis: Past, Present, Future