Topics in Applied Macrodynamic Theory (Dynamic Modeling and Econometrics in Economics and Finance, Band 10) - Softcover

Flaschel, Peter

Softcover

ISBN 10: 364209158X ISBN 13: 9783642091582

Verlag: Springer, 2010

Inhaltsangabe

This insightful book presents topics in applied dynamic macrotheory for closed and open economies. The authors give an advanced treatment of macroeconomic topics such as the Phillips curve, forward and backward looking behavior, open economy macrodynamics, structural macroeconometric model building as well as the empirics of Keynesian oriented macro models. The dynamics of open economies in the context of interacting two country models are treated as well.

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Über die Autorin bzw. den Autor

Peter Flaschel geboren 1943 in Zittau / Sachsen. Promotion in Mathematik, Universität Bonn. Habilitation in Wirtschaftstheorie, Freie Universität Berlin. Professor für Wirtschaftstheorie an der Freien Universität Berlin und an der Universität Bielefeld. Theodor Heuss Professor an der New School University in New York (2006). In 207/8 'Opus Magnum' Förderung durch die Fritz Thyssen / Volkswagen Stiftung.   Gangolf Groh geboren 1964 in Trier. Diplom und Promotion in Volkswirtschaftslehre an der Universität Bielefeld. Im Anschluss wissenschaftlicher Assistent an der Otto-von-Guericke-Universität Magdeburg. Vertretung der Professur von Peter Flaschel an der Universität Bielefeld (`Opus Magnum' Förderungsprogramm) in 2007/8, seitdem an gleichem Ort tätig als Lehrkraft für besondere Aufgaben. Hans-Martin Krolzig geboren 1964 in Gelsenkirchen. Studium der Volkswirtschaftslehre an der Universität Bielefeld sowie der Geschichte und Sozialwissenschaften an der Ruhr-Universität Bochum. Promotion an der Humboldt-Universität zu Berlin. Forschung an der University of Oxford, Associated Member und Research Fellow des Nuffield College von 1995 bis 2003. Vertretung der Professur von Helmut Lütkepohl an der Humboldt-Universität zu Berlin. Seit 2004, Professor of Economics an der University of Kent zu Canterbury. Research Fellow des  Instituts für Makroökonomie und Konjunktur der Hans Boeckler Stiftung.   Christian Proaño geboren 1980 in Quito, Ecuador. Studium der Volkswirtschaftslehre an der Katholischen Universität Ecuadors (PUCE) und an der Universität Bielefeld, mit anschließender Promotion 2008. 2008-2010 Wissenschaftlicher Mitarbeiter am Institut für Makroökonomie und Konjunkturforschung (IMK). Seit 2010 Assistant Professor of Economics an der New School for Social Research in New York, NY.

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This book presents topics in applied dynamic macrotheory for closed and open economies. The authors give an advanced treatment of macroeconomic topics such as the Phillips curve, forward and backward looking behavior, open economy macrodynamics, structural macroeconometric model building as well as the empirics of Keynesian oriented macro models. They start from the closed economy and consider open economies for fixed and flexible exchange rate systems with free international capital flows later on. The dynamics of open economies in the context of interacting two country models are treated as well. The macrofounded approach extends and integrates non-market-clearing traditions in macrodynamics. It is compared to New Keynesian approaches which are generally rigorously microfounded, but often neglect to study macroeconomic feedback mechanisms (that may be stabilizing or destabilizing).

The chapters - though representing a coherent whole - are self-contained and can be used independently of each other.

Tired of RAIOM (Rational Agent Intertemporally Optimizing Model)? Then this is the book for you, a book on macroeconomics in the Keynesian (without any New-, Post-, Neo-, or other prefix) tradition. Fan of RAIOM? Then this is the book for you, it shows how it is possible to study dynamics without jumping on stable arms (or manifolds). A bonus is the econometric study of the theories set forth by the authors. All (macro)economists should read this book.
Professor Giancarlo Gandolfo, University of Rome "La Sapienza"

... The authors succeed in providing substantial insight into macroeconomic models. Both the models and the analysis of actual references cited are alone worthy of attention. This text is worthy of substantial effort to absorb and master its insights; not a book to be neglected or casually read.
Professor James B. Ramsey, New York University

Details zur Ausgabe

• Verlag: Springer
• Erscheinungsdatum: 2010
• Sprache: Englisch
• ISBN 10: 364209158X
• ISBN 13: 9783642091582
• Einband: Taschenbuch
• Anzahl der Seiten: 532
• Kontakt zum Hersteller: ProductSafety@springernature.com; ProductSafety@springernature.com; ; Poststr. 9; Darmstadt; 64293; Deutschland