Browsing Closed by Author "Asada Toichiro"

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Browsing Closed by Author "Asada Toichiro"

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  • Keynesian dynamics and the wage-price spiral: a baseline disequilibrium model 
    Asada Toichiro; Chen Pu; Chiarella Carl; Flaschel Peter (Louisiana State University Press, 2006)
    We reformulate the traditional AS-AD growth model of the Neoclassical synthesis, stage I, as a disequilibrium approach to aggregate supply analysis, with sticky wages, sticky prices, myopic perfect foresight on current ...
  • Stabilizing an unstable economy: On the choice of proper policy measures 
    Asada Toichiro; Chiarella Carl; Flaschel Peter; Mouakil Tarik; Proaã±O Christian; Semmler Willi (Universitaet Kiel, Institut fuer Weltwirtschaft, 2010)
    In the last months, the world's economies were confronted with the largest economic recession since the Great Depression. The occurrence of a worldwide financial market meltdown as a consequence originally stemming from ...
  • Stock-flow Interactions, Disequilibrium Macroeconomics and the Role of Economic Policy 
    Asada Toichiro; Chiarella Carl; Flaschel Peter; Mouakil Tarik; Proano C; Semmler Willi (Wiley-Blackwell, 2011)
    This paper presents the `KMGT¿ (Keynes¿Metzler¿Goodwin¿Tobin) portfolio model and studies its stability properties. The approach to macrodynamic modelling taken here extends the KMG model of Chiarella and Flaschel (2000), ...