Reconstructing macroeconomics : a perspective from statistical physics and combinatorial stochastic processes / Masanao Aoki, Hiroshi Yoshikawa.
The authors reconceptualize existing macroeconomics by treating equilibria as statistical distributions, not as fixed points.
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Full Text (via Cambridge) |
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
Cambridge ; New York :
Cambridge University Press,
©2007.
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| Series: | Japan-U.S. Center UFJ Bank monographs on international financial markets.
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| Subjects: |
MARC
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| 100 | 1 | |a Aoki, Masanao. | |
| 245 | 1 | 0 | |a Reconstructing macroeconomics : |b a perspective from statistical physics and combinatorial stochastic processes / |c Masanao Aoki, Hiroshi Yoshikawa. |
| 260 | |a Cambridge ; |a New York : |b Cambridge University Press, |c ©2007. | ||
| 300 | |a 1 online resource (xviii, 333 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
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| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a Japan-U.S. Center UFJ Bank (formerly Sanwa) monographs on international financial markets | |
| 504 | |a Includes bibliographical references (pages 309-320) and indexes. | ||
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a Introduction: a new approach to macroeconomics -- The methods: jump Markov process and random partitions -- Equilibrium as distribution: the role of demand in macroeconomics -- Uncertainty trap: policy ineffectiveness and long stagnation of the macroeconomy -- Slow dynamics of macro system: no mystery of inflexible prices -- Business cycles: an endogenous stochastic approach -- Labor market: a new look at the natural unemployment and Okun's law -- Demand saturation-creation and economic growth -- The types of investors and volatility in financial markets: analyzing clusters of heterogeneous agents -- Stock proces and the real economy: power-law versus exponential distributions. | |
| 520 | |a The authors reconceptualize existing macroeconomics by treating equilibria as statistical distributions, not as fixed points. | ||
| 546 | |a English. | ||
| 650 | 0 | |a Macroeconomics |x Mathematical models. | |
| 650 | 7 | |a Macroeconomics |x Mathematical models. |2 fast |0 (OCoLC)fst01005228 | |
| 700 | 1 | |a Yoshikawa, Hiroshi, |d 1951- | |
| 776 | 0 | 8 | |i Print version: |a Aoki, Masanao. |t Reconstructing macroeconomics. |d Cambridge ; New York : Cambridge University Press, ©2007 |z 0521831067 |z 9780521831062 |w (DLC) 2006016287 |w (OCoLC)69013660 |
| 830 | 0 | |a Japan-U.S. Center UFJ Bank monographs on international financial markets. | |
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