Reconstructing Keynesian macroeconomics. Volume 2, Integrated approaches / Carl Chiarella, Peter Flaschel, and Willi Semmler.

Format:

Book

Author/Creator:

Chiarella, Carl.

Contributor:

Flaschel, Peter, 1943-

Semmler, Willi.

Taylor & Francis eBooks.

Series:

Routledge frontiers of political economy ; 162.

Routledge frontiers of political economy ; 162

Language:

English

Subjects (All):

Keynesian economics.

Macroeconomics.

Physical Description:

1 online resource.

Other Title:

Integrated approaches

Place of Publication:

London ; New York, NY : Routledge, 2013.

System Details:

text file

Contents:

Front Cover; Reconstructing Keynesian Macroeconomics Volume 2; Copyright Page; Contents; List of Figures; List of Tables; Notation; Preface; Part I: Competing approaches to Keynesian macroeconomics; 1. Representative households or principal-agent capitalism?; 1.1 Introduction; 1.2 The role and scope of microfoundations; 1.3 Representative agent macrodynamics; 1.4 Principal/agent capitalism and the distribution of income and wealth; 1.5 Conclusions; 2. The two-class Pasinetti model from a neoclassical perspective; 2.1 Introduction; 2.2 The model; 2.3 Discussion of the model; 2.4 Conclusions.

Appendix: proofs of propositions3. Expectations and the (un)importance of the real-wage feedback channel; 3.1 Introduction; 3.2 The limitations of perfectly synchronized period analysis; 3.3 New Keynesian macrodynamics; 3.4 Matured Keynesian macrodynamics; 3.5 Real wage channel dominance; 3.6 Conclusions; Part II: Supply dynamics, demand-driven inflation and the distributive cycle; 4. Viability and corridor stability in Keynesian supply driven growth; 4.1 Introduction; 4.2 A Keynesian model of supply-driven growth; 4.3 Global viability, corridor stability and persistent business fluctuations.

4.4 Sluggish wage and price adjustment4.5 Conclusions; 5. Wicksellian inflation pressure in Keynesian models of monetary growth; 5.1 Introduction; 5.2 A general prototype model of Keynes-Wicksell type; 5.3 The laws of motion of the model; 5.4 The Goodwin (1967) growth cycle case; 5.5 Rose (1967) employment cycle extension; 5.6 Monetary growth cycles: a point of departure; 5.7 Expectations and the pure monetary cycle; 5.8 The real and the monetary cycle in interaction; 5.9 Conclusions; 6. Interacting two-country business fluctuations; 6.1 Introduction.

6.2 Two interacting Keynes-Wicksell-Goodwin economies6.3 The core 10D KWG growth dynamics; 6.4 Steady-state and ß-stability analysis; 6.5 Numerical investigation of the KWG dynamics; 6.6 Conclusions; Part III: The semistructural aggregate demand-aggregate supply model; 7. Distributive cycles, business fluctuations and the wage-led/profit-led debate; 7.1 Introduction; 7.2 Theoretical considerations and stylized facts; 7.3 A dynamical (dis)equilibrium AD-AS model; 7.4 Wageand profit-led goods market dynamics and macroeconomic stability; 7.5 Conclusions.

Appendix: local stability analysis of the model8. DAD-DAS: estimated convergence and the emergence of "complex dynamics"; 8.1 Introduction; 8.2 Baseline DAD-DAS macrodynamics; 8.3 Simulating an estimated version of the model; 8.4 Analyzing the estimated version of the model; 8.5 Midrange downward money wage rigidity; 8.6 Wage-led regimes, rising adjustment speeds and the emergence of complex dynamics; 8.7 Conclusions; 9. International linkages in a Keynesian two-country model; 9.1 Introduction; 9.2 The baseline open-economy framework; 9.3 The two-country framework: estimation and evaluation.

Notes:

Print version cataloged as a monographic set by Library of Congress.

Includes bibliographical references and index.

9.4 Eigenvalue-based stability analysis.

Electronic reproduction. London Available via World Wide Web.

Description based on online resource; title from digital title page (viewed on Feb. 27, 2013).

Other Format:

Print version: Chiarella, Carl Reconstructing Keynesian Macroeconomics Volume 2 : Integrated Approaches

ISBN:

9781136195815

1136195815

Publisher Number:

99986860726

Access Restriction:

Restricted for use by site license.