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Disequilibrium, Growth and Labor Market Dynamics

Macro Perspectives

  • Book
  • © 2000

Overview

Authors:
  1. Carl Chiarella

    1. Sydney School of Finance and Economics, University of Technology, Sydney, Australia

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  2. Peter Flaschel

    1. Faculty of Economics, University of Bielefeld, Bielefeld, Germany

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  3. Gangolf Groh

    1. Faculty of Economics, University of Magdeburg, Magdeburg, Germany

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  4. Willi Semmler

    1. Faculty of Economics, University of Bielefeld, Bielefeld, Germany
      Department of Economics, New School University, New York, USA

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  • The book presents a disequilibrium approach to employment, inflation and growth in modern macroeconomics

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Table of contents (9 chapters)

  1. Front Matter

    Pages i-x
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  2. Introduction: Integrated Macrodynamics

    1. Introduction: Integrated Macrodynamics

      • Carl Chiarella, Peter Flaschel, Gangolf Groh, Willi Semmler
      Pages 1-8

  3. An Overview on Foundations and Perspectives

    1. Front Matter

      Pages 9-12
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    2. Disequilibrium, Growth and Labor Market Dynamics: Foundations

      • Carl Chiarella, Peter Flaschel, Gangolf Groh, Willi Semmler
      Pages 13-60

    3. Disequilibrium, Growth and Labor Market Dynamics: Synthesis and Perspectives

      • Carl Chiarella, Peter Flaschel, Gangolf Groh, Willi Semmler
      Pages 61-118

  4. The Working Model: Walrasian, Non-Walrasian and New-Keynesian Reformulations

    1. Front Matter

      Pages 119-122
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    2. Flex-Price Approaches: Exceptional Limit Cases?

      • Carl Chiarella, Peter Flaschel, Gangolf Groh, Willi Semmler
      Pages 123-188

    3. Fix-Price Approaches: Regime Switching Overstated

      • Carl Chiarella, Peter Flaschel, Gangolf Groh, Willi Semmler
      Pages 189-228

    4. Market Imperfections: Basic Integration and Comparison

      • Carl Chiarella, Peter Flaschel, Gangolf Groh, Willi Semmler
      Pages 229-284

  5. The Perspective: Theoretical Aspects of Modern Macroeconometric Model Building

    1. Front Matter

      Pages 285-288
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    2. Applied Disequilibrium Growth Theory

      • Carl Chiarella, Peter Flaschel, Gangolf Groh, Willi Semmler
      Pages 289-352

    3. Intensive Forms and Steady State Calculations

      • Carl Chiarella, Peter Flaschel, Gangolf Groh, Willi Semmler
      Pages 353-403

    4. Ways Ahead: Analyzing Structural Macroeconometric Model Building

      • Carl Chiarella, Peter Flaschel, Gangolf Groh, Willi Semmler
      Pages 405-466

  6. Back Matter

    Pages 467-480
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Keywords

About this book

In this book on disequilibrium, growth and labor market dynamics we take predominantly a macroeconomic perspective. We present a working model that can easily be varied in different directions in order to subsume innovations in the literature on macroeconomics, old and new, and to contribute to important currently discussed macroeconomic issues. Our working model is set up in a way that there is a close relationship between our presented dynamic models and modern macro econometric models with disequilibrium both in the labor and the goods markets. One of our objectives is, therefore, to narrow the gap between theoretical and applied structural macrodynamic model building. We hope that the book will be a useful reference for all researchers, academic teachers and practitioners of macroeconomic and macro econometric model building who are interested in economic dynamics, independently of whether they use equilibrium or disequilibrium methods in their own research. We base this hope on the fact that our approach contains a number of unique features. The emphasis on the identification and analysis of the basic feedback mechanisms at work in modern macro economies. A detailed study of the partial as well as integrated dynamic interaction between these feedback mechanisms that consti­ tute the interdependence of markets and sectors of the modern macro economy. The rela­ tionship between the macroeconomic framework of our working model and the Walrasian, Non-Walrasian and New-Keynesian reformulations of macroeconomics.

Authors and Affiliations

  • Sydney School of Finance and Economics, University of Technology, Sydney, Australia

    Carl Chiarella

  • Faculty of Economics, University of Bielefeld, Bielefeld, Germany

    Peter Flaschel, Willi Semmler

  • Faculty of Economics, University of Magdeburg, Magdeburg, Germany

    Gangolf Groh

  • Department of Economics, New School University, New York, USA

    Willi Semmler

Bibliographic Information

  • Book Title: Disequilibrium, Growth and Labor Market Dynamics

  • Book Subtitle: Macro Perspectives

  • Authors: Carl Chiarella, Peter Flaschel, Gangolf Groh, Willi Semmler

  • DOI: https://doi.org/10.1007/978-3-662-04070-6

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 2000

  • Hardcover ISBN: 978-3-540-64909-0Published: 16 March 2000

  • Softcover ISBN: 978-3-642-08443-0Published: 28 December 2011

  • eBook ISBN: 978-3-662-04070-6Published: 29 June 2013

  • Edition Number: 1

  • Number of Pages: X, 480

  • Number of Illustrations: 194 b/w illustrations

  • Topics: Macroeconomics/Monetary Economics//Financial Economics, Labor Economics, Economic Growth

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