Titlebook: Business Cycles: Theory and Empirical Methods; Willi Semmler Book 1994 Springer Science+Business Media New York 1994 Keynes.business cycle

cyanosis

nonradioactive

Business Cycles, Fiscal Policy, and Budget Deficitsities, we explore the implications of a “balanced budget” policy based on a “pay as you go” strategy. In such a world tax rate changes have an effect opposite to those when government expenditures are autonomous. Extended use is made of an example based on plausible parameters. While the results bas

和音

职业

Introduction and financial data. These approaches are inspired by Keynesian, monetarist and rational expectations views and designed as Keynesian business cycles, expectations driven cycles or real business cycle models. On the other hand there are now numerous empirical methods on the testing of nonlinear data

Agronomy

Antagonism

Competitive Markets and Endogenous Cycles: An Evaluationminant paradigm of research in economic dynamics was fifteen years ago, and still is today. The idea that market mechanisms are inherently dynamically unstable has always played a minor role in studies of economic fluctuations, and this has changed only marginally over the past quarter century.

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Analytical and Numerical Methods in the Study of Nonlinear Dynamical Systems in Keynesian Macroeconohis new paradigm represents a scientific progress at least with respect to the fact that it has contributed to a stronger emphasis of dynamic aspects in macroeconomics. While traditional Keynesian macroeconomics have often been discussed in a comparative static framework (at least in popular exposit