Economic dynamics and general equilibrium

time and uncertainty

The developments in economic theory in the 1950s served to pinpoint important underlying assumptions in the study of market institutions. The conflict between observed institutions - spot markets for commodities, financial markets - and the benchmark interpretation - forward markets for commodities, allowing all trade to take place ...

Business cycles in the contemporary world

description, causes, aggregation, and synchronization

Contents: 1. Introduction PART I. METHODOLOGY 2. General Considerations and Historiography 3. The Analysis of Cyclical Dynamics PART II. NATIONAL, SUPRA- AND INTERNATIONAL CYCLES 4. The G7 and Euro15 Economies: 1960-2000 5. Mode-Locking and the Global Cycle PART III. THE SECTORAL CONSTITUTION OF MACRO-CYCLES 6 ...

General equilibrium

problem and prospects

Certain leading figures in the world of economics have called the usefulness of general equilibrium theory into question. This volume brings together leading economic theorists with important contributions to the ongoing debate

The Big Mac index

applications of purchasing power parity

PPP is one of the most widely researched areas in international finance and one of the most controversial in the theory of exchange rate determination. This book demonstrates the applications of Purchasing Power Parity in exchange rate determination as well as more practical applications of ...

Les théories des crises économiques

Les crises économiques sont-elles inéluctables ? Quel rôle jouent-elles dans la croissance économique ? Quelles sont la nature et l#ampleur des désaccords entre les théoriciens des crises ? Ce livre s#intéresse aux principales théories des crises pour mieux comprendre la situation économique actuelle. C#est aussi ...

Investment

theories and analysis

This text provides an examination of the key macroeconomic theories which underpin fixed asset investment. It would make ideal reading for an intermediate level macroeconomics course or a module on fixed asset investment taking an applied macroeconomic perspective. Table of Contents Section I Introduction: introduction ...

Asset prices, booms and recessions

financial market, economic activity and the macroeconomy

The book studies the interaction of the financial market, economic activity and the macroeconomy from a dynamic perspective. The financial market to be studied here encompasses the money and bond market, credit market, stock market and foreign exchange market. Economic activity is described by the ...

Assets, beliefs, and equilibria in economic dynamics

essya in honor of Mordecai Kurz

A collection of papers dealing with a broad range of topics in mathematical economics, game theory and economic dynamics. The contributions present both theoretical and applied research. The volume is dedicated to Mordecai Kurz. The papers were presented in a special symposium co-hosted by the ...

General equilibrium analysis

existence and optimality properties of equilibra

General Equilibrium Analysis is a systematic exposition of the Walrasian model of economic equilibrium with a finite number of agents, as formalized by Arrow, Debreu and McKenzie at the beginning of the fifties and since then extensively used, worked and studied. Existence and optimality of ...

Open economy macrodynamics

an integrated disequilibrium approach

In the first part of this book, we treat interacting and small open economies. We do this from an historical perspective, starting from the Classical model of the gold standard and the specie-flow mechanism and aim to show there that the Dornbusch IS-LM-PC approach, with ...

Economic dynamics in transitional economies

the Four-P governments, the EU-enlargement, and the Bruxelles consensus

Examines the post-Communist, transitional economies of Central and Eastern Europe

Análisis del entorno económico de la empresa

Las empresas, los consumidores, los inversores, los políticos y, en general, todos los ciudadanos deben tomar continuamente decisiones económicas que se ven afectadas, en mayor o menor medida, por el grado de dinamismo del entorno económico del país en el que desarrollan sus actividades. En ...

Market imperfections and macroeconomic dynamics

Business cycle theory

Business cycle theory is a broad and disparate field. Different schools of thought offer alternative explanations for cycles, often using different mathematical methods. This book provides academics and graduate students of economics with a compact and accessible exposition of business cycle theory since Keynes. The ...

Classical general equilibrium theory

Although general equilibrium theory originated in the late 19th century, modern elaboration and development of the theory began in the 1930s and 1940s. This book focuses on the version of the theory developed in the second half of the 20th century, referrred to by Lionel ...

General Equilibrium and Welfare

This overview of competitive general equilibrium theory and welfare economy adopts a methodological approach of a closed and inter-related system where all variables are simultaneously determined. By using theorems of fixed point, revealed preference and local and global stability, the author proves the existence of ...

Ciclos económicos

análisis teórico, histórico y estadístico del proceso capitalista

El libro, publicado originariamente en 1939, constituye una prolongación de la Teoría del desenvolvimiento económico (1911). En esta magna obra Schumpeter pretendió fijar la dinámica del capitalismo desde finales del siglo XVIII combinando su teoría de la innovación con materiales históricos y estadísticos. Tras una ...

Cycles, growth and structural change

This volume gathers together key new contributions on the subject of the relationship, both empirical and theoretical, between economic oscillations, growth and structural change. Employing a sophisticated level of mathematical modelling, the collection contains articles from, amongst others, William Baumol, Katsuhito Iwai and William Brock.

The fabulous decade

macroeconomic lessons from the 1990s

Trade and the developing world in the 21st Century