Monetary Macrodynamics (Routledge Frontiers of Political Economy)
Language: English
Published by Routledge, 2010
Series: Book 116 of 375 - Routledge Frontiers of Political Economy
- Hardcover
- Used
Condition: Used - Fine
£ 32.25
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Ancien livre de bibliothèque avec équipements. Edition 2010. Ammareal reverse jusqu'à 15% du prix net de cet article à des organisations caritatives. ENGLISH DESCRIPTION Book Condition: Used, Very good. Former library book. Edition 2010. Ammareal gives back up to 15% of this item's net price to charity organizations.
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- Title
- Monetary Macrodynamics (Routledge Frontiers of Political Economy)
- Author
- Toichiro Asada, Carl Chiarella, Peter Flaschel et Reiner Franke
- Publisher
- Routledge
- Publication year
- 2010
- Condition
- Très bon
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 0415548373
- ISBN 13
- 9780415548373
- Series
- Book 116 of 375: Routledge Frontiers of Political Economy
This book investigates the interaction of effective goods demand with the wage-price spiral, and the impact of monetary policy on financial and the real markets from a Keynesian perspective. Endogenous business fluctuations are studied in the context of long-run distributive cycles in an advanced, rigorously formulated and quantitative setup. The material is developed by way of self-contained chapters on three levels of generality, an advanced textbook level, a research-oriented applied level and on a third level that shows how the interaction of real with financial markets has to be modelled from a truly integrative Keynesian perspective.
Monetary Macrodynamics shows that the balanced growth path of a capitalist economy is unlikely to be attracting and that the cumulative forces that surround it are controlled in the large by changes in the behavioural factors that drive the wage-price spiral and the financial markets. Such behavioural changes can in fact be observed in actual economies in the interaction of demand-driven business fluctuations with supply-driven wage and price dynamics as they originate from the conflict over income distribution between capital and labour.
The book is a detailed critique of US mainstream macroeconomics and uses rigorous dynamic macro-models of a descriptive and applicable nature. It will be of particular relevance to postgraduate students and researchers interested in disequilibrium processes, real wage feedback channels, financial markets and portfolio choice, financial accelerator mechanisms and monetary policy.
"Synopsis" may belong to another edition of this title.
About the Author
Toichiro Asada is a Professor in the Faculty of Economics at Chuo University, Tokyo, Japan. Carl Chiarella is Professor of Quantitative Finance at the University of Technology, Sydney. Peter Flaschel is Professor Emeritus at Bielefeld University, Germany. Reiner Franke is a Lecturer in Economics at Kiel University, Germany.
"About the title" may belong to another edition of this title.
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Ammareal is a professional bookseller speciliazed in used books. We ship worldwide. We have more than 250 000 books in stock, including a large number of technical and university-level books. We give back up to 15% of the price of each book to charities, libraries and organizations fighting in favor of literacy. What we do not sell, we give, what we do not give we recycle.
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