1.

Record Nr.

UNINA9910973223903321

Autore

Gong Gang <1959->

Titolo

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

Pubbl/distr/stampa

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

ISBN

9780190293871

019029387X

9780197710593

019771059X

9781280846366

1280846364

9780195345735

0195345738

9781429438469

1429438460

Edizione

[1st ed.]

Descrizione fisica

1 online resource (213 p.)

Collana

Oxford scholarship online

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

Formerly CIP.

Previously issued in print: 2006.

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 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

Sommario/riassunto

Focusing on stochastic dynamic macroeconomics from a Keynesian perspective, 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.