Temporary Equilibrium and Long-Run Equilibrium (Routledge Revivals)
1st Edition
Published on 27. June 2014
328 pages
978-1-317-70336-5 (ISBN)
Description
This title, first published in 1979, presents the Ph.D. thesis of the world-renowned economist and financial expert, Willem Buiter. In Part I, three alternative specifications of temporary equilibria in asset markets, including their implications for macroeconomic models, are discussed; Part II examines the long-term implications of some short-term macroeconomic models. The analysis of the theoretical foundations of 'direct crowding out' and 'indirect crowding out' is particularly prominent, with the result that a synthesis of short-term macroeconomic analysis and long-term growth theory is formulated.
The traditional tools of comparative dynamics and stability analysis are employed frequently. However, it is also argued that the true scope of government policy can only be adequately evaluated with the aid of concepts such as dynamic and static controllability. Temporary Equilibrium and Long-Run Equilibrium is a valuable study, and relevant for all serious students of modern economic theory.
The traditional tools of comparative dynamics and stability analysis are employed frequently. However, it is also argued that the true scope of government policy can only be adequately evaluated with the aid of concepts such as dynamic and static controllability. Temporary Equilibrium and Long-Run Equilibrium is a valuable study, and relevant for all serious students of modern economic theory.
More details
Series
Language
English
Place of publication
London
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
File size
9,54 MB
ISBN-13
978-1-317-70336-5 (9781317703365)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Willem H. Buiter
Temporary Equilibrium and Long-Run Equilibrium (Routledge Revivals)
Book
07/2015
1st Edition
Routledge
€76.94
Shipment within 10-20 days
Willem H. Buiter
Temporary Equilibrium and Long-Run Equilibrium (Routledge Revivals)
Book
03/2014
1st Edition
Routledge
€217.50
Shipment within 10-20 days
Person
Willem H. Buiter
Content
Part 1 Some Alternative Notions of Demand and Supply in Asset Markets; Chapter 1 Three Alternative Specifications of Temporary Equilibrium in Asset Markets; Chapter 2 The Effect of Alternative Specifications of Temporary Equilibrium in Asset Markets on Short-Run Comparative Statics in Some Simple Macro Models; Part 2 The Long-Run Implications of Short-Run Models; Chapter 3 Direct Crowding Out; Chapter 4 Indirect Crowding Out; Chapter 5 Government Policy in A Growing Economy; Chapter 6 Controllability, Stabilization and Optimization;
