Macroeconomic Theory

Presents a unique approach to macroeconomic theory based on microeconomic foundations, general equilibrium theory, and dynamic analysis of fiscal and monetary policies

Provides a synthesis of equilibrium and disequilibrium macro models with money unifying the features of microfounded temporary equilibrium and Keynesian models

Analyzes the dynamics of business cycles in deterministic and stochastic environments using bifurcation theory

Exhibits the power of numerical methods to investigate time series of explicit nonlinear dynamic stochastic monetary models

Autorentext
Volker Böhm is a Professor Emeritus at Bielefeld University.

Inhalt
Introduction.- Microeconomic Foundations.- Models of Monetary Equilibrium.- Dynamics of Monetary Equilibrium Models.- Fiscal Policy and the Dynamics of Monetary Equilibrium.- The Keynesian Model with Money.- Dynamics in Disequilibrium - Endogenous Business Cycles.- Disequilibrium Dynamics with Random Perturbations.- Dynamical Systems in Discrete Time.- Proofs and Further Results.