Open Economy Macrodynamics An Integrated Disequilibrium Approach
In the first part of this book, we treat interacting and small open economies. We do this from an historical perspective, starting from the Classical model of the gold standard and the specie-flow mechanism and aim to show there that the Dornbusch IS-LM-PC approach, with or without rational expectat...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Springer Berlin Heidelberg
2003
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| Ausgabe: | 1st ed. 2003 |
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| 520 | |a In the first part of this book, we treat interacting and small open economies. We do this from an historical perspective, starting from the Classical model of the gold standard and the specie-flow mechanism and aim to show there that the Dornbusch IS-LM-PC approach, with or without rational expectations, can still be considered as a (if not the) core contribution to contemporaneous open economy macrodynamics, also on the level of structural macroeconometric model building. In the second part we then extend this analysis to the incorporation of more disequilibrium on the real markets, prominent further feedback channels of the macrodynamic literature and integrated macromodel building. We start from the closed economy, consider large open economies in a fixed exchange rate system, small open economies subject to high capital mobility, and finally two large interacting economies like the USA and Euroland. Our macrofounded approach extends and integrates non-market clearing traditions to macrodynamics and can be usefully compared with the New Keynesian approaches which are generally rigorously microfounded, but often much more limited in scope in capturing full market and agent interactions | ||
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| 650 | 4 | |a Economic Theory/Quantitative Economics/Mathematical Methods | |
| 650 | 4 | |a Game Theory, Economics, Social and Behav. Sciences | |
| 650 | 4 | |a Macroeconomics | |
| 650 | 4 | |a Economic theory | |
| 650 | 4 | |a Game theory | |
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| 689 | 1 | 0 | |a Makroökonomie |0 (DE-588)4037174-8 |D s |
| 689 | 1 | 1 | |a Offene Volkswirtschaft |0 (DE-588)4172486-0 |D s |
| 689 | 1 | |5 DE-604 | |
| 700 | 1 | |a Chiarella, Carl |4 aut | |
| 700 | 1 | |a Flaschel, Peter |4 aut | |
| 700 | 1 | |a Franke, Reiner |4 aut | |
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Datensatz im Suchindex
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| any_adam_object | |
| author | Asada, Toichiro Chiarella, Carl Flaschel, Peter Franke, Reiner |
| author_facet | Asada, Toichiro Chiarella, Carl Flaschel, Peter Franke, Reiner |
| author_role | aut aut aut aut |
| author_sort | Asada, Toichiro |
| author_variant | t a ta c c cc p f pf r f rf |
| building | Verbundindex |
| bvnumber | BV046871660 |
| classification_rvk | QC 300 QM 300 |
| collection | ZDB-2-SBE ZDB-2-BAE |
| ctrlnum | (ZDB-2-SBE)978-3-540-24793-7 (OCoLC)903195938 (DE-599)BVBBV046871660 |
| dewey-full | 339 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 339 - Macroeconomics and related topics |
| dewey-raw | 339 |
| dewey-search | 339 |
| dewey-sort | 3339 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1007/978-3-540-24793-7 |
| edition | 1st ed. 2003 |
| format | Electronic eBook |
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| id | DE-604.BV046871660 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-24T08:18:28Z |
| institution | BVB |
| isbn | 9783540247937 |
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| publisher | Springer Berlin Heidelberg |
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| spelling | Asada, Toichiro Verfasser aut Open Economy Macrodynamics An Integrated Disequilibrium Approach by Toichiro Asada, Carl Chiarella, Peter Flaschel, Reiner Franke 1st ed. 2003 Berlin, Heidelberg Springer Berlin Heidelberg 2003 1 Online-Ressource (XVII, 540 p) txt rdacontent c rdamedia cr rdacarrier In the first part of this book, we treat interacting and small open economies. We do this from an historical perspective, starting from the Classical model of the gold standard and the specie-flow mechanism and aim to show there that the Dornbusch IS-LM-PC approach, with or without rational expectations, can still be considered as a (if not the) core contribution to contemporaneous open economy macrodynamics, also on the level of structural macroeconometric model building. In the second part we then extend this analysis to the incorporation of more disequilibrium on the real markets, prominent further feedback channels of the macrodynamic literature and integrated macromodel building. We start from the closed economy, consider large open economies in a fixed exchange rate system, small open economies subject to high capital mobility, and finally two large interacting economies like the USA and Euroland. Our macrofounded approach extends and integrates non-market clearing traditions to macrodynamics and can be usefully compared with the New Keynesian approaches which are generally rigorously microfounded, but often much more limited in scope in capturing full market and agent interactions Macroeconomics/Monetary Economics//Financial Economics Economic Theory/Quantitative Economics/Mathematical Methods Game Theory, Economics, Social and Behav. Sciences Macroeconomics Economic theory Game theory Offene Volkswirtschaft (DE-588)4172486-0 gnd rswk-swf Makroökonomie (DE-588)4037174-8 gnd rswk-swf Dynamische Makroökonomie (DE-588)4200428-7 gnd rswk-swf Ungleichgewichtstheorie (DE-588)4061738-5 gnd rswk-swf Dynamische Makroökonomie (DE-588)4200428-7 s Ungleichgewichtstheorie (DE-588)4061738-5 s DE-604 Makroökonomie (DE-588)4037174-8 s Offene Volkswirtschaft (DE-588)4172486-0 s Chiarella, Carl aut Flaschel, Peter aut Franke, Reiner aut Erscheint auch als Druck-Ausgabe 9783642072741 Erscheint auch als Druck-Ausgabe 9783540401445 Erscheint auch als Druck-Ausgabe 9783642534744 https://doi.org/10.1007/978-3-540-24793-7 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Asada, Toichiro Chiarella, Carl Flaschel, Peter Franke, Reiner Open Economy Macrodynamics An Integrated Disequilibrium Approach Macroeconomics/Monetary Economics//Financial Economics Economic Theory/Quantitative Economics/Mathematical Methods Game Theory, Economics, Social and Behav. Sciences Macroeconomics Economic theory Game theory Offene Volkswirtschaft (DE-588)4172486-0 gnd Makroökonomie (DE-588)4037174-8 gnd Dynamische Makroökonomie (DE-588)4200428-7 gnd Ungleichgewichtstheorie (DE-588)4061738-5 gnd |
| subject_GND | (DE-588)4172486-0 (DE-588)4037174-8 (DE-588)4200428-7 (DE-588)4061738-5 |
| title | Open Economy Macrodynamics An Integrated Disequilibrium Approach |
| title_auth | Open Economy Macrodynamics An Integrated Disequilibrium Approach |
| title_exact_search | Open Economy Macrodynamics An Integrated Disequilibrium Approach |
| title_full | Open Economy Macrodynamics An Integrated Disequilibrium Approach by Toichiro Asada, Carl Chiarella, Peter Flaschel, Reiner Franke |
| title_fullStr | Open Economy Macrodynamics An Integrated Disequilibrium Approach by Toichiro Asada, Carl Chiarella, Peter Flaschel, Reiner Franke |
| title_full_unstemmed | Open Economy Macrodynamics An Integrated Disequilibrium Approach by Toichiro Asada, Carl Chiarella, Peter Flaschel, Reiner Franke |
| title_short | Open Economy Macrodynamics |
| title_sort | open economy macrodynamics an integrated disequilibrium approach |
| title_sub | An Integrated Disequilibrium Approach |
| topic | Macroeconomics/Monetary Economics//Financial Economics Economic Theory/Quantitative Economics/Mathematical Methods Game Theory, Economics, Social and Behav. Sciences Macroeconomics Economic theory Game theory Offene Volkswirtschaft (DE-588)4172486-0 gnd Makroökonomie (DE-588)4037174-8 gnd Dynamische Makroökonomie (DE-588)4200428-7 gnd Ungleichgewichtstheorie (DE-588)4061738-5 gnd |
| topic_facet | Macroeconomics/Monetary Economics//Financial Economics Economic Theory/Quantitative Economics/Mathematical Methods Game Theory, Economics, Social and Behav. Sciences Macroeconomics Economic theory Game theory Offene Volkswirtschaft Makroökonomie Dynamische Makroökonomie Ungleichgewichtstheorie |
| url | https://doi.org/10.1007/978-3-540-24793-7 |
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