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Stochastic Dynamic Macroeconomics: Theory and Empirical Evidence

Name: Stochastic Dynamic Macroeconomics: Theory and Empirical Evidence
ISBN: 9781429438469

Gang Gong, Willi Semmler

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In this book, we try to contribute to the current research in stochastic dy-namic macroeconomics. We recognize that the stochastic dynamic optimiza-tion model is important in macroeconomics, we consider the current stan-dard model of model, the real business cycle model, only to be a simple andstarting point for macrodynamic analysis. For the model to explain the realworld more eﬀectively, some Keynesian features should be introduced. Wehave shown that with such an introduction the model can be enriched whileit becomes possible to resolve the most important puzzles, the labor marketpuzzle and the technology puzzle, in RBC economy.

种类:

Business & Economics

年:

2006

出版社:

Oxford University Press, USA

语言:

english

页:

186

ISBN 10:

1429438460