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Disequilibrium, Growth and Labor Market Dynamics - Macro Perspectives (Paperback, Softcover reprint of the original 1st ed. 2000)
Loot Price: R2,987
Discovery Miles 29 870
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Disequilibrium, Growth and Labor Market Dynamics - Macro Perspectives (Paperback, Softcover reprint of the original 1st ed. 2000)
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In this book on disequilibrium, growth and labor market dynamics we
take predominantly a macroeconomic perspective. We present a
working model that can easily be varied in different directions in
order to subsume innovations in the literature on macroeconomics,
old and new, and to contribute to important currently discussed
macroeconomic issues. Our working model is set up in a way that
there is a close relationship between our presented dynamic models
and modern macro econometric models with disequilibrium both in the
labor and the goods markets. One of our objectives is, therefore,
to narrow the gap between theoretical and applied structural
macrodynamic model building. We hope that the book will be a useful
reference for all researchers, academic teachers and practitioners
of macroeconomic and macro econometric model building who are
interested in economic dynamics, independently of whether they use
equilibrium or disequilibrium methods in their own research. We
base this hope on the fact that our approach contains a number of
unique features. The emphasis on the identification and analysis of
the basic feedback mechanisms at work in modern macro economies. A
detailed study of the partial as well as integrated dynamic
interaction between these feedback mechanisms that consti tute the
interdependence of markets and sectors of the modern macro economy.
The rela tionship between the macroeconomic framework of our
working model and the Walrasian, Non-Walrasian and New-Keynesian
reformulations of macroeconomics."
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