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Reconstructing Macroeconomics Paperback: A Perspective from Statistical Physics and Combinatorial Stochastic Processes (Japan-US Center UFJ Bank Monographs on International Financial Markets) - Tapa blanda
Sinopsis
In this book, the authors reconceptualize existing macroeconomics by treating equilibria as statistical distributions, not as fixed points.
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Masanao Aoki is Professor Emeritus in the Department of Economics at the University of California, Los Angeles.
Hiroshi Yoshikawa is Professor of Economics at the University of Tokyo.
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Reconstructing Macroeconomics: A Perspective from Statistical Physics and Combinatorial Stochastic Processes (Japan-US Center UFJ Bank Monographs on International Financial Markets)
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Cambridge University Press, 2011
ISBN 10: 1107634202
ISBN 13: 9781107634206
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Reconstructing Macroeconomics: A Perspective from Statistical Physics and Combinatorial Stochastic Processes (Japan-US Center UFJ Bank Monographs on International Financial Markets)
Publicado por
Cambridge University Press, 2011
ISBN 10: 1107634202
ISBN 13: 9781107634206
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Reconstructing Macroeconomics: A Perspective from Statistical Physics and Combinatorial Stochastic Processes
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Cambridge University Press, 2011
ISBN 10: 1107634202
ISBN 13: 9781107634206
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Reconstructing Macroeconomics: A Perspective from Statistical Physics and Combinatorial Stochastic Processes
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Reconstructing Macroeconomics: A Perspective from Statistical Physics and Combinatorial Stochastic Processes
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Cambridge University Press 2011-11, 2011
ISBN 10: 1107634202
ISBN 13: 9781107634206
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Reconstructing Macroeconomics
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Cambridge University Press, 2006
ISBN 10: 1107634202
ISBN 13: 9781107634206
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Condición: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. In this book, the authors treat macroeconomic models as composed of large numbers of micro-units or agents of several types and explicitly discuss stochastic dynamic and combinatorial aspects of interactions among them.Über den Autor. Nº de ref. del artículo: 447221583
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Reconstructing Macroeconomics : A Perspective from Statistical Physics and Combinatorial Stochastic Processes
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Cambridge University Press, 2011
ISBN 10: 1107634202
ISBN 13: 9781107634206
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Taschenbuch. Condición: Neu. Druck auf Anfrage Neuware - Printed after ordering - In this book, the authors reconceptualize existing macroeconomics by treating equilibria as statistical distributions, not as fixed points. Nº de ref. del artículo: 9781107634206
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Reconstructing Macroeconomics (Paperback)
Publicado por
Cambridge University Press, Cambridge, 2011
ISBN 10: 1107634202
ISBN 13: 9781107634206
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Paperback. Condición: new. Paperback. In this book, the authors treat macroeconomic models as composed of large numbers of micro-units or agents of several types and explicitly discuss stochastic dynamic and combinatorial aspects of interactions among them. In mainstream macroeconomics sound microfoundations for macroeconomics have meant incorporating sophisticated intertemporal optimization by representative agents into models. Optimal growth theory, once meant to be normative, is now taught as a descriptive theory in mainstream macroeconomic courses. In neoclassical equilibria flexible prices led the economy to the state of full employment and marginal productivities are all equated. Professors Aoki and Yoshikawa contrariwise show that such equilibria are not possible in economies with a large number of agents of heterogeneous types. They employ a set of statistical dynamical tools via continuous-time Markov chains and statistical distributions of fractions of agents by types available in the new literature of combinatorial stochastic processes, to reconstruct macroeconomic models. In this book, the authors treat macroeconomic models as composed of large numbers of micro-units or agents of several types and explicitly discuss stochastic dynamic and combinatorial aspects of interactions among them. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability. Nº de ref. del artículo: 9781107634206
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Reconstructing Macroeconomics (Paperback)
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Cambridge University Press, Cambridge, 2011
ISBN 10: 1107634202
ISBN 13: 9781107634206
Nuevo
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Librería: AussieBookSeller, Truganina, VIC, Australia
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Paperback. Condición: new. Paperback. In this book, the authors treat macroeconomic models as composed of large numbers of micro-units or agents of several types and explicitly discuss stochastic dynamic and combinatorial aspects of interactions among them. In mainstream macroeconomics sound microfoundations for macroeconomics have meant incorporating sophisticated intertemporal optimization by representative agents into models. Optimal growth theory, once meant to be normative, is now taught as a descriptive theory in mainstream macroeconomic courses. In neoclassical equilibria flexible prices led the economy to the state of full employment and marginal productivities are all equated. Professors Aoki and Yoshikawa contrariwise show that such equilibria are not possible in economies with a large number of agents of heterogeneous types. They employ a set of statistical dynamical tools via continuous-time Markov chains and statistical distributions of fractions of agents by types available in the new literature of combinatorial stochastic processes, to reconstruct macroeconomic models. In this book, the authors treat macroeconomic models as composed of large numbers of micro-units or agents of several types and explicitly discuss stochastic dynamic and combinatorial aspects of interactions among them. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability. Nº de ref. del artículo: 9781107634206
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Reconstructing Macroeconomics: A Perspective from Statistical Physics and Combinatorial Stochastic Processes (Japan-US Center UFJ Bank Monographs on International Financial Markets)
Publicado por
Cambridge University Press, 2011
ISBN 10: 1107634202
ISBN 13: 9781107634206
Nuevo
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