Reconstructing Macroeconomics A Perspective from Statistical Physics and Combinatorial Stochastic Processes
Book contents
- Frontmatter
- Contents
- Preface by Masanao Aoki
- Preface by Hiroshi Yoshikawa
- 1 Introduction: A New Approach to Macroeconomics
- 2 The Methods: Jump Markov Process and Random Partitions
- 3 Equilibrium as Distribution: The Role of Demand in Macroeconomics
- 4 Uncertainty Trap: Policy Ineffectiveness and Long Stagnation of the Macroeconomy
- 5 Slow Dynamics of Macro System: No Mystery of Inflexible Prices
- 6 Business Cycles: An Endogenous Stochastic Approach
- 7 Labor Market: A New Look at the Natural Unemployment and Okun's Law
- 8 Demand Saturation-Creation and Economic Growth
- 9 The Types of Investors and Volatility in Financial Markets: Analyzing Clusters of Heterogeneous Agents
- 10 Stock Prices and the Real Economy: Power-Law versus Exponential Distributions
- References
- Author Index
- Subject Index
- Other books in the series (continued from page iii)
Subject Index
Published online by Cambridge University Press: 08 August 2009
Book contents
- Frontmatter
- Contents
- Preface by Masanao Aoki
- Preface by Hiroshi Yoshikawa
- 1 Introduction: A New Approach to Macroeconomics
- 2 The Methods: Jump Markov Process and Random Partitions
- 3 Equilibrium as Distribution: The Role of Demand in Macroeconomics
- 4 Uncertainty Trap: Policy Ineffectiveness and Long Stagnation of the Macroeconomy
- 5 Slow Dynamics of Macro System: No Mystery of Inflexible Prices
- 6 Business Cycles: An Endogenous Stochastic Approach
- 7 Labor Market: A New Look at the Natural Unemployment and Okun's Law
- 8 Demand Saturation-Creation and Economic Growth
- 9 The Types of Investors and Volatility in Financial Markets: Analyzing Clusters of Heterogeneous Agents
- 10 Stock Prices and the Real Economy: Power-Law versus Exponential Distributions
- References
- Author Index
- Subject Index
- Other books in the series (continued from page iii)
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- Reconstructing MacroeconomicsA Perspective from Statistical Physics and Combinatorial Stochastic Processes, pp. 325 - 333Publisher: Cambridge University PressPrint publication year: 2006