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Reconstructing Keynesian Macroeconomics Vol.2 "Integrated Approaches"

Reconstructing Keynesian Macroeconomics Vol.2 "Integrated Approaches"

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  • ISBN:9780415668576
  • Editorial: Routledge
  • Fecha de la edición:
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  • Nº Pág.:512
  • Idiomas:Ingles

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This book represents the second of three volumes offering a complete reinterpretation and restructuring of Keynesian macroeconomics and a detailed investigation of the disequilibrium adjustment processes characterizing the financial, the goods and the labour markets and their interaction. The second volume offers a detailed analysis and comparison of two competing types of approaches to Keynesian macroeconomics, one that integrates goods, labour and financial markets and another from the perspective of a conventional type of LM-analysis or interest-rate policy of the central bank.

Part 1: Competing Approaches to Keynesian Macroeconomics 1. Encompassing Representative Households or Principal-Agent Capitalism? 2. Expectations and the Real-Wage Feedback Channel: Two Competing Approaches Part 2: Supply Dynamics, Demand-Driven Inflation and the Distributive Cycle 3. Viability and Corridor Stability in Keynesian Supply Driven Growth 4. Keynes-Wicksell Models of Monetary Growth: Synthesizing Keynes into the Classics 5. Interacting Two-Country Business Fluctuations 5.5 Numerical Investigation of the KWG Dynamics Part 3: Semistructural AD-AS Modelling: Theory and Evidence 6. DAD-DAS Dynamics and Monetary Policy: Estimation and Simulation 7. DAS-DAD: Estimated Convergence, Roads to Instability and Emergence of 'Chaos' 8. Keynesian Dynamics and International Linkages in a Two-Country Model Part 4: Structural KMG Modelling 9. Integrating 2D-Macromodels of Growth, Price and Inventory Dynamics 10. ES Calibration of an Unobservable Inflation Climate in the Phillips Curve 11. A Keynesian Macroeconometric Framework for the Analysis of Monetary Policy Part 5: Extensions 12. The Dynamics of 'Natural' Rates of Growth and Employment 13. High Order Disequilibrium Growth Dynamics 14. AD-AS Disequilibrium Dynamics and Endogenous Growth 15. Keynesian Monetary Growth Dynamics in Open Economies Part 6: Ways Ahead: Financial Markets 16. Stabilizing an Unstable Economy: On the Choice of Proper Policy Measures

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