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Post Walrasian Macroeconomics

Post Walrasian Macroeconomics Beyond the Dynamic Stochastic General Equilibrium Model

Hardback (21 Sep 2006)

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Publisher's Synopsis

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.

About the Publisher

Cambridge University Press

Cambridge University Press dates from 1534 and is part of the University of Cambridge. We further the University's mission by disseminating knowledge in the pursuit of education, learning and research at the highest international levels of excellence.

Book information

ISBN: 9780521865487
Publisher: Cambridge University Press
Imprint: Cambridge University Press
Pub date:
DEWEY: 335.9015195
DEWEY edition: 22
Language: English
Number of pages: 416
Weight: 698g
Height: 236mm
Width: 157mm
Spine width: 28mm