LEADER 04084nam 22006375 450 001 9910255042403321 005 20230126222545.0 010 $a3-319-60149-0 024 7 $a10.1007/978-3-319-60149-6 035 $a(CKB)4340000000223233 035 $a(DE-He213)978-3-319-60149-6 035 $a(MiAaPQ)EBC6315892 035 $a(MiAaPQ)EBC5576800 035 $a(Au-PeEL)EBL5576800 035 $a(OCoLC)1021264231 035 $a(EXLCZ)994340000000223233 100 $a20171101d2017 u| 0 101 0 $aeng 135 $aurnn|008mamaa 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aMacroeconomic Theory /$fby Volker Böhm 205 $a1st ed. 2017. 210 1$aCham :$cSpringer International Publishing :$cImprint: Springer,$d2017. 215 $a1 online resource (XVII, 423 p. 175 illus., 76 illus. in color.) 225 1 $aSpringer Texts in Business and Economics,$x2192-4333 311 $a3-319-60148-2 327 $aIntroduction -- Microeconomic Foundations -- Models of Monetary Equilibrium -- Dynamics of Monetary Equilibrium Models -- Fiscal Policy and the Dynamics of Monetary Equilibrium -- The Keynesian Model with Money -- Dynamics in Disequilibrium - Endogenous Business Cycles -- Disequilibrium Dynamics with Random Perturbations -- Dynamical Systems in Discrete Time -- Proofs and Further Results. 330 $aThis textbook offers a unique approach to macroeconomic theory built on microeconomic foundations of monetary macroeconomics within a unified framework of an intertemporal general equilibrium model extended to a sequential and dynamic analysis. It investigates the implications of expectations and of stationary fiscal policies on allocations, on the quantity of money, and on the dynamic evolution of the economy with and without noise. The text contrasts and compares the two main competing approaches in macroeconomics within the same intertemporal model of a closed monetary economy: the one postulating full price flexibility to guarantee equilibrium in all markets at all times under perfect foresight or rational expectations, versus the so called disequilibrium approach where trading occurs at non- market-clearing prices and wages when these adjust sluggishly from period to period in response to market disequilibrium signals. This novel text blends smoothly the behavioral tools that underlie modern macro: real and monetary, short and long run, classical and Keynesian, competitive and monopolistic, deterministic and stochastic. It belongs in the reading list of teachers and in the library of every practitioner. Prof. Costas Azariadis, Washington University in St. Louis, USA. 410 0$aSpringer Texts in Business and Economics,$x2192-4333 606 $aMacroeconomics 606 $aGame theory 606 $aEconomics 606 $aFinance, Public 606 $aMacroeconomics/Monetary Economics//Financial Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W32000 606 $aGame Theory, Economics, Social and Behav. Sciences$3https://scigraph.springernature.com/ontologies/product-market-codes/M13011 606 $aEconomic Theory/Quantitative Economics/Mathematical Methods$3https://scigraph.springernature.com/ontologies/product-market-codes/W29000 606 $aPublic Finance$3https://scigraph.springernature.com/ontologies/product-market-codes/611000 615 0$aMacroeconomics. 615 0$aGame theory. 615 0$aEconomics. 615 0$aFinance, Public. 615 14$aMacroeconomics/Monetary Economics//Financial Economics. 615 24$aGame Theory, Economics, Social and Behav. Sciences. 615 24$aEconomic Theory/Quantitative Economics/Mathematical Methods. 615 24$aPublic Finance. 676 $a336 700 $aBöhm$b Volker$4aut$4http://id.loc.gov/vocabulary/relators/aut$0613331 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910255042403321 996 $aMacroeconomic Theory$92273059 997 $aUNINA