Hostname: page-component-78c5997874-8bhkd Total loading time: 0 Render date: 2024-11-10T16:40:00.701Z Has data issue: false hasContentIssue false

INTRODUCTION TO MACROECONOMIC DYNAMICS SPECIAL ISSUE ON COMPLEXITY IN ECONOMIC SYSTEMS

Published online by Cambridge University Press:  17 June 2014

Apostolos Serletis*
Affiliation:
University of Calgary
*
Address correspondence to: Apostolos Serletis, Department of Economics, University of Calgary, Calgary, Alberta T2N 1N4, Canada; e-mail: Serletis@ucalgary.ca.

Abstract

In the aftermath of the global financial crisis, questions have been raised regarding the value and applicability of modern macroeconomics. Motivated by these developments and recent advances in dynamical systems theory, the papers in this special issue of Macroeconomic Dynamics deal with specific aspects of the economy as a complex evolving dynamic system.

Type
Introduction
Copyright
Copyright © Cambridge University Press 2014 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

Angeletos, George-Marios and La'O, Jennifer (2013) Sentiments. Econometrica 81, 739779.Google Scholar
Caballero, Ricardo J. (2010) Macroeconomics after the crisis: Time to deal with the pretense-of-knowledge syndrome. Journal of Economic Perspectives 24, 85102.CrossRefGoogle Scholar
Farmer, J. Doyne and Geanakoplos, John (2008) The virtues and vices of equilibrium and the future of financial economics. Complexity 14, 1138.CrossRefGoogle Scholar
Hayek, Friedrich A. (1974) The Pretence of Knowledge. Prize Lecture, The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.Google Scholar
Hendry, David F. and Grayham, E. Mizon (August 2010) On the Mathematical Basis of Inter-temporal Optimization. Working paper, Department of Economics, Oxford University.Google Scholar
Kirman, Alan (2010) The economic crisis is a crisis for economic theory. CESifo Economic Studies 56, 498535.CrossRefGoogle Scholar
Kocherlakota, Narayana (2010) Modern macroeconomic models as tools for economic policy. The Region, 5–21.Google Scholar
Lucas, Robert E. Jr. (1976) Econometric policy evaluation: A critique. Carnegie-Rochester Conference Series on Public Policy 1, 1946.CrossRefGoogle Scholar