Springer Texts in Business and Economics

Macroeconomic Theory

Authors: Böhm, Volker

  • Presents a unique approach to macroeconomic theory based on microeconomic foundations, general equilibrium theory, and dynamic analysis of fiscal and monetary policies
  • Provides a synthesis of equilibrium and disequilibrium macro models with money unifying the features of microfounded temporary equilibrium and Keynesian models
  • Analyzes the dynamics of business cycles in deterministic and stochastic environments using bifurcation theory
  • Exhibits the power of numerical methods to investigate time series of explicit nonlinear dynamic stochastic monetary models
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eBook $74.99
price for USA (gross)
  • Customers within the U.S. and Canada please contact Customer Service at 1-800-777-4643, Latin America please contact us at +1-212-460-1500 (Weekdays 8:30am – 5:30pm ET) to place your order.
  • Due: December 3, 2017
  • ISBN 978-3-319-60149-6
  • Digitally watermarked, DRM-free
  • Included format:
  • ebooks can be used on all reading devices
Hardcover $99.00
price for USA
  • Customers within the U.S. and Canada please contact Customer Service at 1-800-777-4643, Latin America please contact us at +1-212-460-1500 (Weekdays 8:30am – 5:30pm ET) to place your order.
  • Due: November 5, 2017
  • ISBN 978-3-319-60148-9
  • Free shipping for individuals worldwide
About this Textbook

This 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.

About the authors

Volker Böhm is a Professor Emeritus at Bielefeld University.

Buy this book

eBook $74.99
price for USA (gross)
  • Customers within the U.S. and Canada please contact Customer Service at 1-800-777-4643, Latin America please contact us at +1-212-460-1500 (Weekdays 8:30am – 5:30pm ET) to place your order.
  • Due: December 3, 2017
  • ISBN 978-3-319-60149-6
  • Digitally watermarked, DRM-free
  • Included format:
  • ebooks can be used on all reading devices
Hardcover $99.00
price for USA
  • Customers within the U.S. and Canada please contact Customer Service at 1-800-777-4643, Latin America please contact us at +1-212-460-1500 (Weekdays 8:30am – 5:30pm ET) to place your order.
  • Due: November 5, 2017
  • ISBN 978-3-319-60148-9
  • Free shipping for individuals worldwide
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Bibliographic Information

Bibliographic Information
Book Title
Macroeconomic Theory
Authors
Series Title
Springer Texts in Business and Economics
Copyright
2017
Publisher
Springer International Publishing
Copyright Holder
Springer International Publishing AG
eBook ISBN
978-3-319-60149-6
DOI
10.1007/978-3-319-60149-6
Hardcover ISBN
978-3-319-60148-9
Series ISSN
2192-4333
Edition Number
1
Number of Pages
XVII, 423
Number of Illustrations and Tables
99 b/w illustrations, 76 illustrations in colour
Topics