Post Walrasian macroeconomics : beyond the dynamic stochastic general equilibrium model /

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Bibliographic Details
Imprint:Cambridge ; New York : Cambridge University Press, 2006.
Description:1 online resource (xxi, 416 pages) : illustrations
Language:English
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/11813795
Hidden Bibliographic Details
Other authors / contributors:Colander, David C.
ISBN:051122592X
9780511225925
9780511226496
0511226497
0511223307
9780511223303
9780511617751
0511617755
128056766X
9781280567667
9786610567669
6610567662
0511224648
9780511224645
052168420X
0521865484
9780521865487
9780521684200
Notes:Includes bibliographical references (pages 369-400) and index.
Print version record.
Summary:Macroeconomics is evolving in an almost dialectic fashion. The latest evolution is the development of a new synthesis that combines insights of new classical, new Keynesian and real business cycle traditions into a dynamic, stochastic general equilibrium (DSGE) model that serves as a foundation for thinking about macro policy. That new synthesis has opened up the door to a new antithesis, which is being driven by advances in computing power and analytic techniques. This new synthesis is coalescing around developments in complexity theory, automated general to specific econometric modeling, agent-based models, and non-linear and statistical dynamical models. This book thus provides the reader with an introduction to what might be called a Post Walrasian research program that is developing as the antithesis of the Walrasian DSGE synthesis.
Other form:Print version: Post Walrasian macroeconomics. Cambridge ; New York : Cambridge University Press, 2006 0521865484 052168420X

MARC

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245 0 0 |a Post Walrasian macroeconomics :  |b beyond the dynamic stochastic general equilibrium model /  |c edited by David Colander. 
260 |a Cambridge ;  |a New York :  |b Cambridge University Press,  |c 2006. 
300 |a 1 online resource (xxi, 416 pages) :  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
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504 |a Includes bibliographical references (pages 369-400) and index. 
505 0 |a Episodes in a century of macroeconomics / Axel Leijonhufvud -- Post Walrasian macroeconomics : some historic links / David Colander -- The problem of time in the DSGE model and the post Walrasian alternative / Perry Mehrling -- Who is post Walrasian man? / Peter Hans Matthews -- Social interactions and macroeconomics ; Macroeconomics and model uncertainty / William A. Brock and Steven N. Durlauf -- Restricted perceptions equilibria and learning in macroeconomics / William A. Branch -- Not more so : some concepts outside the DSGE framework / Masanao Aoki -- Agent-based computational modeling and macroeconomics / Leigh Tesfatsion -- Multi-agent systems macro : a prospectus / Robert L. Axtell -- Agent-based financial markets : matching stylized facts with style / Blake LeBaron -- The past as the future : the Marshallian approach to post Walrasian econometrics / Kevin D. Hoover -- Old world econometrics and new world theory / Roger E.A. Farmer -- Four entrenched notions post Walrasians should avoid / Robert L. Basmann -- Confronting the economic model with the data / Søren Johansen -- Extracting information from the data : a European view on empirical macro / Katarina Juselius and Søren Johansen -- Economic policy in the presence of coordination problems / Russell W. Cooper -- Monetary policy and the limitations of economic knowledge / Peter Howitt. 
588 0 |a Print version record. 
520 |a Macroeconomics is evolving in an almost dialectic fashion. The latest evolution is the development of a new synthesis that combines insights of new classical, new Keynesian and real business cycle traditions into a dynamic, stochastic general equilibrium (DSGE) model that serves as a foundation for thinking about macro policy. That new synthesis has opened up the door to a new antithesis, which is being driven by advances in computing power and analytic techniques. This new synthesis is coalescing around developments in complexity theory, automated general to specific econometric modeling, agent-based models, and non-linear and statistical dynamical models. This book thus provides the reader with an introduction to what might be called a Post Walrasian research program that is developing as the antithesis of the Walrasian DSGE synthesis. 
650 0 |a Macroeconomics  |x Mathematical models.  |0 http://id.loc.gov/authorities/subjects/sh2008107160 
650 0 |a Equilibrium (Economics)  |0 http://id.loc.gov/authorities/subjects/sh85044538 
650 7 |a POLITICAL SCIENCE  |x Political Ideologies  |x Communism & Socialism.  |2 bisacsh 
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650 7 |a Macroeconomics  |x Mathematical models.  |2 fast  |0 (OCoLC)fst01005228 
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