ENGLISH

Stochastic Dynamic Macroeconomics: Theory and Empirical Evidence

By Willi Semmler , Gang Gong

Book information

Publisher
Oxford University Press, USA
Year
2006
ISBN
0195301625, 9781429438469, 9780195301625
LCC
HB172.5 .G66 2006
Open Library ID
OL17930319M
Language
english
Format
PDF
Filesize
2 MB (2208972 bytes)
Pages
186\207
Library
Mexmat
Time added
2011-02-23 10:11:24

Description

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.

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