Post Walrasian macroeconomics : beyond the dynamic stochastic general equilibrium model / edited by David Colander.

Format:

Book

Contributor:

Colander, David C.

Language:

English

Subjects (All):

Macroeconomics--Mathematical models.

Macroeconomics.

Equilibrium (Economics).

Physical Description:

xxi, 416 pages : illustrations ; 23 cm

Place of Publication:

Cambridge ; New York : Cambridge University Press, 2006.

Contents:

Part I Where we are in Macro and How we Got There

1 Episodes in a Century of Macroeconomics / Axel Leijonhufvud 27

2 Post Walrasian Macroeconomics: Some Historic Links / David Colander 46

3 The Problem of Time in the DSGE Model and the Post Walrasian Alternative / Perry Mehrling 70

4 Who Is Post Walrasian Man? / Peter Hans Matthews 80

Part II Edging Away from the Dsge Model

5 Social Interactions and Macroeconomics / William A. Brock, Steven N. Durlauf 97

6 Macroeconomics and Model Uncertainty / William A. Brock, Steven N. Durlauf 116

7 Restricted Perceptions Equilibria and Learning in Macroeconomics / William A. Branch 135

8 Not More So: Some Concepts Outside the DSGE Framework / Masanao Aoki 161

Part III Leaping Away from the Dsge Model

9 Agent-Based Computational Modeling and Macroeconomics / Leigh Tesfatsion 175

10 Multi-agent Systems Macro: A Prospectus / Robert L. Axtell 203

11 Agent-Based Financial Markets: Matching Stylized Facts with Style / Blake LeBaron 221

Part IV Letting the Data Guide Theory

12 The Past as the Future: The Marshallian Approach to Post Walrasian Econometrics / Kevin D. Hoover 239

13 Old World Econometrics and New World Theory / Roger E. A. Farmer 258

14 Four Entrenched Notions Post Walrasians Should Avoid / Robert L. Basmann 277

15 Confronting the Economic Model with the Data / Soren Johansen 287

16 Extracting Information from the Data: A European View on Empirical Macro / Katarina Juselius, Soren Johansen 301

Part V Policy Implications

17 Economic Policy in the Presence of Coordination Problems / Russell W. Cooper 335

18 Monetary Policy and the Limitations of Economic Knowledge / Peter Howitt 347.

Notes:

Includes bibliographical references (pages 369-400) and index.

ISBN:

0521865484

052168420X

OCLC:

67239976

Publisher Number:

9780521865487

9780521684200

Online:

Publisher description