Stochastic Dynamic Macroeconomics
Theory and Empirical Evidence
Business & Finance, Economics, Macroeconomics
| Author: | Gang Gong, Willi Semmler | ISBN: | 9780190293871 |
| Publisher: | Oxford University Press | Publication: | January 19, 2006 |
| Imprint: | Oxford University Press | Language: | English |
| Author: | Gang Gong, Willi Semmler |
| ISBN: | 9780190293871 |
| Publisher: | Oxford University Press |
| Publication: | January 19, 2006 |
| Imprint: | Oxford University Press |
| Language: | English |
This is a book on stochastic dynamic macroeconomics from a Keynesian perspective. It shows that including Keynesian features in intertemporal models considerably contributes to resolve major puzzles arising in the context of the Dynamic General Equilibrium (DGE) model. It also demonstrates that including microeconomic intertemporal behavior of economic agents in macroeconomics is not inconsistent with Keynesian economics.
This is a book on stochastic dynamic macroeconomics from a Keynesian perspective. It shows that including Keynesian features in intertemporal models considerably contributes to resolve major puzzles arising in the context of the Dynamic General Equilibrium (DGE) model. It also demonstrates that including microeconomic intertemporal behavior of economic agents in macroeconomics is not inconsistent with Keynesian economics.
