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Reconstructing Macroeconomics
A Perspective from Statistical Physics and Combinatorial Stochastic Processes
Taschenbuch von Masanao Aoki (u. a.)
Sprache: Englisch

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Beschreibung
In this book, the authors reconceptualize existing macroeconomics by treating equilibria as statistical distributions, not as fixed points.
In this book, the authors reconceptualize existing macroeconomics by treating equilibria as statistical distributions, not as fixed points.
Über den Autor
Masanao Aoki is Professor Emeritus in the Department of Economics at the University of California, Los Angeles.
Inhaltsverzeichnis
Preface 1 Masanao Aoki; Preface 2 Hiroshi Yoshikawa; 1. Introduction - a new approach to macroeconomics; 2. The methods - jump Markov processes and random partitions; 3. Equilibrium as distribution - the role of demand in macroeconomics; 4. Uncertainty trap - policy ineffectiveness and long stagnation of the macroeconomy; 5. Slow dynamics of the macro system - no mystery of inflexible prices; 6. Business cycles - an endogenous stochastic approach; 7. Labor market dynamics - a new look at natural unemployment and Okun's law; 8. Demand saturation - creation and economic growth; 9. The types of investors and volatility in financial markets - analyzing clusters of heterogeneous agents; 10. Stock prices and the real macroeconomy - power-law versus exponential distributions.
Details
Erscheinungsjahr: 2006
Fachbereich: Allgemeines
Genre: Importe, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
ISBN-13: 9781107634206
ISBN-10: 1107634202
Sprache: Englisch
Ausstattung / Beilage: Paperback
Einband: Kartoniert / Broschiert
Autor: Aoki, Masanao
Yoshikawa, Hiroshi
Redaktion: Sato, Ryzuo
Hersteller: Cambridge University Press
Verantwortliche Person für die EU: Books on Demand GmbH, In de Tarpen 42, D-22848 Norderstedt, info@bod.de
Maße: 234 x 156 x 20 mm
Von/Mit: Masanao Aoki (u. a.)
Erscheinungsdatum: 01.11.2006
Gewicht: 0,538 kg
Artikel-ID: 106708129
Über den Autor
Masanao Aoki is Professor Emeritus in the Department of Economics at the University of California, Los Angeles.
Inhaltsverzeichnis
Preface 1 Masanao Aoki; Preface 2 Hiroshi Yoshikawa; 1. Introduction - a new approach to macroeconomics; 2. The methods - jump Markov processes and random partitions; 3. Equilibrium as distribution - the role of demand in macroeconomics; 4. Uncertainty trap - policy ineffectiveness and long stagnation of the macroeconomy; 5. Slow dynamics of the macro system - no mystery of inflexible prices; 6. Business cycles - an endogenous stochastic approach; 7. Labor market dynamics - a new look at natural unemployment and Okun's law; 8. Demand saturation - creation and economic growth; 9. The types of investors and volatility in financial markets - analyzing clusters of heterogeneous agents; 10. Stock prices and the real macroeconomy - power-law versus exponential distributions.
Details
Erscheinungsjahr: 2006
Fachbereich: Allgemeines
Genre: Importe, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
ISBN-13: 9781107634206
ISBN-10: 1107634202
Sprache: Englisch
Ausstattung / Beilage: Paperback
Einband: Kartoniert / Broschiert
Autor: Aoki, Masanao
Yoshikawa, Hiroshi
Redaktion: Sato, Ryzuo
Hersteller: Cambridge University Press
Verantwortliche Person für die EU: Books on Demand GmbH, In de Tarpen 42, D-22848 Norderstedt, info@bod.de
Maße: 234 x 156 x 20 mm
Von/Mit: Masanao Aoki (u. a.)
Erscheinungsdatum: 01.11.2006
Gewicht: 0,538 kg
Artikel-ID: 106708129
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