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Stochastic Dynamic Macroeconomics: Theory and Empirical Evidence

by Gang Gong , Willi Semmler
Save 17% Save 17%
Current price ₹7,458.00
Original price ₹8,950.00
Original price ₹8,950.00
Original price ₹8,950.00
(-17%)
₹7,458.00
Current price ₹7,458.00

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Book cover type: Hardcover
  • ISBN13: 9780195301625
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Oxford University Press, USA
  • Publisher Imprint: Oxford University Press, USA
  • Publication Date:
  • Pages: 202
  • Original Price: GBP 52.0
  • Language: English
  • Edition: N/A
  • Item Weight: 445 grams
  • BISAC Subject(s): Economics / Macroeconomics

This is a book on stochastic dynamic macroeconomics from a Keynesian perspective. It shows that including Keynesian features in intertemporal models considerably contributes to resolve major puzzles arising in the context of the Dynamic General Equilibrium (DGE) model. It also demonstrates that including microeconomic intertemporal behavior of economic agents in macroeconomics is not inconsistent with Keynesian economics.

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