Open Economy Macrodynamics: An Integrated Disequilibrium Approach

by Peter Flaschel, Carl Chiarella, Toichiro Asada, et al.

Book Overview

In the first part of this book, we treat interacting and small open economies. We do this from an historical perspective, starting from the Classical model of the gold standard and the specie-flow mechanism and aim to show there that the Dornbusch IS-LM-PC approach, with or without rational expectations, can still be considered as a (if not the) core contribution to contemporaneous open economy macrodynamics, also on the level of structural macroeconometric...

• Format: Paperback
• Language: English
• ISBN: 3642072747
• ISBN13: 9783642072741
• Release Date: December 2010
• Publisher: Springer
• Length: 540 Pages
• Weight: 1.71 lbs.
• Dimensions: 1.1" x 6.1" x 9.2"