Foundations for a Disequilibrium Theory of the Business Cycle: Qualitative Analysis and Quantitative Assessment

by Reiner Franke, Carl Chiarella, Peter Flaschel

Book Overview

Building on The Dynamics of Keynesian Monetary Growth by Chiarella and Flaschel (2000), this book is a key contribution to business cycle theory, setting out a disequilibrium approach with gradual adjustments of the key macroeconomic variables. Its analytic study of a deterministic model of economic activity, inflation and income distribution integrates elements in the tradition of Keynes, Metzler and Goodwin (KMG). After a qualitative analysis of...

• Format: Paperback
• Language: English
• ISBN: 0521369924
• ISBN13: 9780521369923
• Release Date: July 2011
• Publisher: Cambridge University Press
• Length: 550 Pages
• Weight: 1.60 lbs.
• Dimensions: 1.1" x 6.0" x 9.0"