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Real-Financial Interaction in Contemporary Models of As-Ad Growth

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Real-Financial Interaction in Contemporary Models of As-Ad Growth - Flaschel, Peter (Editor), and Köper, Carsten
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Starting from a modern approach to dynamic aggregate supply and aggregate demand modeling with rigorous steady state existence and stability proofs in the first part, this book reconsiders the modeling of financial asset markets in a closed economy, and suggests a number of improvements. In particular a Tobinian general equilibrium mechanism is introduced into these markets in part two of this book. In part three the influence of government interest payments (in the first two parts neutralized by tax rules) and its impact ...

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Real-Financial Interaction in Contemporary Models of As-Ad Growth 2003, Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften, Frankfurt a.M.

ISBN-13: 9783631503171

Trade paperback