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 ...
Read More
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.
Read Less
Add this copy of Reconstructing Macroeconomics: A Perspective from to cart. $56.86, new condition, Sold by Booksplease rated 4.0 out of 5 stars, ships from Southport, MERSEYSIDE, UNITED KINGDOM, published 2011 by Cambridge University Press.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
New. Trade paperback (US). Contains: Tables. Japan-US Center UFJ Bank Monographs on International Financial Markets . 11 tables. Intended for professional and scholarly audience.
Add this copy of Reconstructing Macroeconomics: A Perspective from to cart. $110.20, new condition, Sold by Booksplease rated 4.0 out of 5 stars, ships from Southport, MERSEYSIDE, UNITED KINGDOM, published 2006 by Cambridge University Press.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
New. Contains: Tables. Japan-US Center UFJ Bank Monographs on International Financial Markets . 11 tables. Intended for professional and scholarly audience.
Add this copy of Reconstructing Macroeconomics: A Perspective from to cart. $58.26, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2011 by Cambridge University Press.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
New. Trade paperback (US). Contains: Tables. Japan-US Center UFJ Bank Monographs on International Financial Markets . 11 tables. Intended for professional and scholarly audience.
Add this copy of Reconstructing Macroeconomics: A Perspective from to cart. $136.76, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2006 by Cambridge University Press.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
New. Print on demand Contains: Tables. Japan-US Center UFJ Bank Monographs on International Financial Markets . 11 tables. Intended for professional and scholarly audience.
Add this copy of Reconstructing Macroeconomics to cart. $64.25, new condition, Sold by Media Smart rated 4.0 out of 5 stars, ships from Hawthorne, CA, UNITED STATES, published 2011 by Cambridge University Press CUP.
Add this copy of Reconstructing Macroeconomics (Hb 2007) to cart. $69.54, new condition, Sold by Books International rated 4.0 out of 5 stars, ships from Toronto, ON, CANADA, published 2006 by Cambridge University Press.
Add this copy of Reconstructing Macroeconomics: a Perspective From to cart. $88.94, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2011 by Cambridge University Press.
Add this copy of Reconstructing Macroeconomics: a Perspective From to cart. $96.95, new condition, Sold by textsforsale rated 4.0 out of 5 stars, ships from Houston, TX, UNITED STATES, published 2006 by Cambridge University Press.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
100% BRAND NEW US edition / Mint condition / Never been read / HARDCOVER / 1st Edition/ ISBN: 0521831067. Shipped out in one business day with free tracking.
Add this copy of Reconstructing Macroeconomics: a Perspective From to cart. $126.76, new condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2011 by Cambridge University Press.
Add this copy of Reconstructing Macroeconomics to cart. $148.80, new condition, Sold by Media Smart rated 4.0 out of 5 stars, ships from Hawthorne, CA, UNITED STATES, published 2006 by Cambridge University Press CUP.
