Theory and Empirical Evidence
by
Gang Gong, Willi Semmler
Language: English
Release Date: January 19, 2006
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...