Dynamic Macroeconomics: Instability, Fluctuations, and Growth in Monetary Economies

by Peter Flaschel, Reiner Franke, Willi Semmler

Book Overview

Dynamic Macroeconomics is an attempt to revitalize the traditions of nonmarket clearing approaches to macroeconomics. Using sophisticated tools from dynamic analysis, the authors introduce a consistent, integrated framework for disequilibrium macroeconomic dynamics and explore its relationship to the competing--and currently dominant--equilibrium dynamics. The book is organized into five parts. Part I covers background models of market-clearing and...

• Format: Hardcover
• Language: English
• ISBN: 0262061910
• ISBN13: 9780262061919
• Release Date: June 1997
• Publisher: MIT Press
• Length: 469 Pages
• Weight: 1.70 lbs.
• Dimensions: 1.2" x 6.3" x 9.2"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher