THE GENERATION OF BUSINESS FLUCTUATIONS by Corrado Di Guilmi ( 9783631581193 )

Item Details

Title:

THE GENERATION OF BUSINESS FLUCTUATIONS
FINANCIAL FRAGILITY AND MEAN-FIELD INTERACTIONS

By:

Corrado Di Guilmi

Format:

Paperback

List price:

£37.70

Our price:

£33.93

Discount:

10% off

You save:

£3.77

ISBN 10:

363158119X

ISBN 13:

9783631581193

Availability:

This item will be printed on demand and will usually be dispatched within 10 days.

Delivery rates

Stock:

Currently 0 available

Publisher:

PETER LANG AG

Pub. date:

1 July, 2008

Series:

Dynamische Wirtschaftstheorie 26

Pages:

150

Synopsis:

The limits imposed on economic modeling by the representative agent hypothesis have prevented dynamic analysis from fully exploring the links between the micro and macro level of the economic system. This book presents developments and applications of the innovative techniques of dynamic stochastic aggregation, first proposed by Masanao Aoki, through an implementation in a New Keynesian financial fragility framework. The introduction in macroeconomics of statistical mechanics tools, such as mean-field interaction, statistical entropy and master equation, constitutes a step toward a new definition of microfoundation and allows an integrated modeling of the relationships between micro financial variables and aggregate indicators.

Publication:

Switzerland

Imprint:

Peter Lang AG

Returns:

Returnable

Some other items by this author:

BASICS IN BUSINESS INFORMATICS

BEAUTIFUL IN THE MOUTH

BEAUTIFUL IN THE MOUTH (PB)

CHILD MADE OF SAND

COPING WITH THE COMPLEXITY OF ECONOMICS (HB)