Macroeconomic Theory

By Volker Bohm and Volker Böhm

Book Overview

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

• Format: Paperback
• Language: English
• ISBN: 3319867903
• ISBN13: 9783319867908
• Release Date: May 2018
• Publisher: Springer
• Length: 423 Pages