Business Cycle Dynamics

Models and Tools

Häftad, Engelska, 2010

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The focus on classical, causal or recursive models implies a deviation from current main stream business cycle theory, based on "rational expectations", which in view of the possibility of mathematical chaos becomes untenable.

Produktinformation

Utgivningsdatum2010-10-14
Mått155 x 235 x 19 mm
Vikt522 g
FormatHäftad
SpråkEngelska
Antal sidor336
FörlagSpringer-Verlag Berlin and Heidelberg GmbH & Co. KG
ISBN9783642068799

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Aims and Scope.- Some Methods for the Global Analysis of Closed Invariant Curves in Two-Dimensional Maps.- Center Bifurcation for a Two-Dimensional Piecewise Linear Map.- Short History of the Multiplier-Accelerator Model.- Multiplier-Accelerator Models with Random Perturbations.- Non-Autonomous Business Cycle Model.- The Hicksian Model with Investment Floor and Income Ceiling.- Growth Cycles in a Modified Hicksian Business Cycle Model.- Coexistence of Attractors and Homoclinic Loops in a Kaldor-Like Business Cycle Model.- Expectations and the Multiplier-Accelerator Model.- ‘Floors’ and/or ‘Ceilings’ and the Persistence of Business Cycles.- A Goodwin-Type Model with Cubic Investment Function.- A Goodwin-Type Model with a Piecewise Linear Investment Function.