Stochastic dynamic macroeconomics : theory and empirical evidence / Gang Gong, Willi Semmler.

Format:

Book

Author/Creator:

Gong, Gang, 1959- author.

Semmler, Willi, author.

Series:

Oxford scholarship online.

Oxford scholarship online

Language:

English

Subjects (All):

Macroeconomics--Mathematical models.

Macroeconomics.

Equilibrium (Economics)--Mathematical models.

Equilibrium (Economics).

Business cycles--Mathematical models.

Business cycles.

Keynesian economics--Mathematical models.

Keynesian economics.

Stochastic analysis.

Physical Description:

1 online resource (213 p.)

Edition:

1st ed.

Place of Publication:

New York ; Oxford University Press, 2023.

Language Note:

English

Summary:

Focusing on stochastic dynamic macroeconomics from a Keynesian perpective, this book shows that including Keynesian features in intertemporal models contributes to resolving major puzzles arising in the context of the Dynamic General Equilibrium (DGE) model.

Contents:

Contents; Introduction and Overview; 1. Solution Methods of Stochastic Dynamic Models; 2. Solving a Prototype Stochastic Dynamic Model; 3. Estimating and Evaluating the Stochastic Dynamic Model; 4. Real Business Cycles: Theory and Solutions; 5. Empirics of the Standard Real Business Cycle Model; 6. Asset Market Implications of Real Business Cycles; 7. Multiple Equilibria and History Dependence; 8. Business Cycles with a Nonclearing Labor Market; 9. Monopolistic Competition, Nonclearing Markets, and Technology Shocks; 10. Reflections and Conclusions; Notes; Bibliography; Index; A; B; C; D; E; F

GH; I; K; L; M; N; P; R; S; T; U; V; W

Notes:

Formerly CIP.

Previously issued in print: 2006.

Includes bibliographical references (pages 189-199) and index.

Derived record based on print version record and publisher information.

ISBN:

9780190293871

019029387X

9780197710593

019771059X

9781280846366

1280846364

9780195345735

0195345738

9781429438469

1429438460

OCLC:

191924253