1.

Record Nr.

UNINA9910814355403321

Autore

Gong Gang <1959->

Titolo

Stochastic dynamic macroeconomics [[electronic resource] ] : theory and empirical evidence / / Gang Gong, Willi Semmler

Pubbl/distr/stampa

Oxford ; ; New York, : Oxford University Press, 2006

ISBN

0-19-771059-X

1-280-84636-4

0-19-534573-8

1-4294-3846-0

Descrizione fisica

1 online resource (213 p.)

Altri autori (Persone)

SemmlerWilli

Disciplina

339/.01/51922

Soggetti

Macroeconomics - Mathematical models

Equilibrium (Economics) - Mathematical models

Business cycles - Mathematical models

Keynesian economics - Mathematical models

Stochastic analysis

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

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

Nota di contenuto

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 Businss 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

Sommario/riassunto

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.