Stochastic Dynamic Macroeconomics: Theory and Empirical Evidence

Hardcover | February 2, 2006

byGang Gong, Willi Semmler

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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 demonstratesthat including microeconomic intertemporal behavior of economic agents in macroeconomics is not inconsistent with Keynesian economics.

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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 demonstratesthat including microeconomic intertemporal beha...

Gang Gong is Associate Professor of Economics and Management at Tsinghua University in Beijing, China, and co-author of The Forces of Economic Growth (2005). Willi Semmler is Professor of Economics at New School University, at the Center for Empirical Macroeconomics at Bielefeld University, and Research Fellow at the Bernard Schwa...

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Format:HardcoverDimensions:224 pages, 6.42 × 9.29 × 0.91 inPublished:February 2, 2006Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0195301625

ISBN - 13:9780195301625

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