Stochastic Dynamic Macroeconomics

Theory and Empirical Evidence

Business & Finance, Economics, Macroeconomics
Cover of the book Stochastic Dynamic Macroeconomics by Gang Gong, Willi Semmler, Oxford University Press
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Author: Gang Gong, Willi Semmler ISBN: 9780190293871
Publisher: Oxford University Press Publication: January 19, 2006
Imprint: Oxford University Press Language: English
Author: Gang Gong, Willi Semmler
ISBN: 9780190293871
Publisher: Oxford University Press
Publication: January 19, 2006
Imprint: Oxford University Press
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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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