Dynamic modeling, empirical macroeconomics, and finance : essays in honor of Willi Semmler /

Dynamic modeling, empirical macroeconomics, and finance : essays in honor of Willi Semmler /

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Bibliographic Details
Imprint:Switzerland : Springer, 2016.
Description:1 online resource
Language:English
Subject:
Semmler, Willi.
Macroeconomics -- Mathematical models.
Macroeconomics -- Methodology.
Finance -- Mathematical models.
Finance -- Methodology.
Finance -- Mathematical models.
Macroeconomics -- Mathematical models.
Macroeconomics -- Methodology.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/11267436
Hidden Bibliographic Details
Other authors / contributors:Bernard, Lucas, editor.
Nyambuu, Unurjargal, editor.
ISBN:9783319398877
3319398873
9783319398853
3319398857
Notes:Includes bibliographical references.
Online resource, title from PDF title page (EBSCO, viewed October 8, 2016).
Summary:This edited volume, with contributions by area experts, offers discussions on a range of evolving topics in economics and social development. At center are important issues central to sustainable development, economic growth, technological change, the economics of climate change, commodity markets, long wave theory, non-linear dynamic models, and boom-bust cycles. This is an excellent reference for academic and professional economists interested in emerging areas of empirical macroeconomics and finance. For policy makers and curious readers alike, it is also an outstanding introduction to the economic thinking of those who seek a holistic and all-compassing approach in economic theory and policy. Looking into new data and methodology, this book offers fresh approaches in a post-crisis environment. Set in a profound understanding of the diverse currents within the many traditions of economic thought, this book pushes the established frontiers of economic thinking. It is dedicated to a leading scholar in the areas covered in this book, Willi Semmler.
Other form:Print version: Dynamic modeling, empirical macroeconomics, and finance. Switzerland : Springer, 2016 9783319398853 3319398857
Table of Contents:
  • Foreword; Contents; Acknowledgments; Theory and Practice in a Sensible Economic Policy Mix:A Glance at Willi Semmler' Contributions to EmpiricalMacroeconomics; 1 Teaching; 2 Research; 3 Mentorship; 4 How This Book Is Organized; 5 Final Remarks; Iran's Nuclear Program and the West's Response: A Game Theoretic Approach; 1 Introduction; 2 Review of Iran's Nuclear Program and Sanctions Against Iran; 2.1 Iran's Nuclear Program; 2.2 The History of Sanctions Against Iran; 3 A Game Theoretic Approach; 3.1 Notation and Parameter Values; 4 Solving the Game.
  • 5 Extension: Iran's First Step: Nuclear Program or Not6 Conclusions and Policy Implications; Appendix; References; From the Great Divergence to the Great Convergence; 1 Introduction; 2 The Separation of West from the Rest of the World: Forces Facilitating the Great Divergence in the Nineteenth Century; 3 Post-War Golden Era of World Economic Development. The Origins of Convergence Between the Developing and Developed Countries; 3.1 Economic Growth of High-Income Countries; 3.2 Economic Growth of Middle-Income Countries.
  • 3.3 The Reasons for the Emergence of New Conditions, Facilitating Rapid Growth of Developing Countries with Low Per Capita Income4 Transition to Fifth BKC and the Start of Real Convergence; 4.1 Developed Economies Shift to Evolutional Development; 4.2 Vanguard Countries of Developing World (BRICS) Perform Breakthrough; 5 Possible Results of the Ongoing Global Convergence; References; Borrowing Constraints and Monetary Policy: The Inflation Tax-Net Worth Channel; 1 Introduction; 2 The Model Set Up; 2.1 The Farmer/Borrower; 2.2 The Gatherer/Lender; 3 Equilibrium; 4 Dynamics.
  • 4.1 Steady States and Their Properties4.2 Monetary Policy, Net Worth and the Inflation Tax; 4.3 Is There an Output Maximizing Inflation Rate?; 4.4 Inflation, the Allocation of Land and Social Welfare; 5 The Effects of an Unexpected Productivity Shock; 6 The Effects of an Unexpected Monetary Shock; 7 Conclusions; Appendix 1: The Farmer's Maximization Problem; Appendix 2: The Gatherer's Maximization Problem; References; Modeling Climate Change Effects on Renewable and Non-Renewable Resources; 1 Introduction; 2 Literature Review; 3 Stylized Facts; 4 Theoretical Model; 5 Final Remarks; Appendix.

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