Macroeconomic Modelling, Economic Policy and Methodology: Economics at the Edge (Routledge Frontiers of Political Economy) free ebook download.

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Macroeconomic Modelling, Economic Policy and Methodology: Economics at the Edge (Routledge Frontiers of Political Economy) free ebook download

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Author(s):	Mikael Randrup Byrialsen

Date:	2024	Format:	epub	Language:	English	ISBN/ASIN:	1032182113
Pages:	244	OCR:		Quality:		ISBN13:
Uploader:	gestalt	Upload Date:	10/26/2024 5:06:05 AM

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1032182113 epub
Demonstrating that there are (superior) alternatives to the modern macroeconomic mainstream and its DSGE (dynamic stochastic general equilibrium) models, this book presents the cutting edge in macroeconomic modelling, economic policy, and methodology from the perspective of heterodox economic thinking.
The first part of the book explores methodological issues, advocating for a stronger ethical consideration in macroeconomics and for the adoption of a strategy of pluralism to ensure that macroeconomic theory is capable of adapting to real-world issues. The second part highlights recent trends in empirical Stock-Flow Consistent models by collecting a group of the most well-developed empirical models of five different economies: the Danish, the Dutch, the French, the Italian, and the Argentinian models. In all five cases, the models are used to discuss various policy aspects of the individual economies. Finally, the book explores issues of macroeconomic policy which are largely neglected by mainstream economists including financial (in)stability and macro imbalances. The book emphasizes the need for investigating sectoral balances, which are crucial elements for investigating imbalances from the heterodox perspective.
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Tags: Economic Economics Edge Frontiers Macroeconomic Methodology Modelling Policy Political Routledge

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