Foundations for a disequilibrium theory of the business cycle : qualitative analysis and quantitative assessment /
Finally, topical issues in monetary policy are studied in small macromodels as well as for the KMG model by incorporating an estimated Taylor-type interest rate reaction function. The stability features of this enhanced model are also compared to those of the original KMG model."--Jacket
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| Format: | Licensed eBooks |
| Language: | English |
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Cambridge, UK ; New York :
Cambridge University Press,
2005.
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| Online Access: | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=142711 |
Table of Contents:
- Foreword / J. Barkley Rosser, Jr.
- 1. Competing approaches to Keynesian macrodynamics
- 2. AS-AD growth theory : a complete analysis of the textbook model
- 3. Disequilibrium growth : the point of departure
- 4. The Keynes-Metzler-Goodwin model
- 5. Calibration of three wage-price modules
- 6. Calibration of the full KMG model
- 7. Subsystems and sensitivity analysis of the KMG model
- 8. The Taylor rule in small macromodels
- 9. Incorporating the Taylor rule into KMG.