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Routledge Temporary Equilibrium and Long-Run Equilibrium

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Description

Explore advanced economic theory with this Routledge Revival edition of Temporary Equilibrium and Long-Run Equilibrium. Originally published in 1979, this text presents the Ph.D. thesis of Willem Buiter, a world-renowned economist and financial expert. This work provides a deep look into the relationship between short-term asset market movements and long-term economic growth. The book is structured into two comprehensive parts. Part I discusses three alternative specifications of temporary equilibria in asset markets and their specific implications for macroeconomic models. Part II shifts focus to examine the long-term implications of various short-term macroeconomic models. Readers will find a detailed analysis of the theoretical foundations regarding direct crowding out and indirect crowding out. This text serves as a vital resource for those studying the synthesis of short-term macroeconomic analysis and long-term growth theory. It is an essential addition to any academic library specializing in econometrics and economic modeling.

Key Features

Presents the original Ph.D. thesis of world-renowned economist and financial expert Willem Buiter.

Analyzes three alternative specifications of temporary equilibria in asset markets and their macroeconomic implications.

Provides a detailed examination of the long-term implications resulting from short-term macroeconomic models.

Offers a thorough analysis of the theoretical foundations of direct and indirect crowding out.

Synthesizes short-term macroeconomic analysis with long-term growth theory for a complete economic perspective.

Part of the Routledge Revivals series, bringing important historical economic research back to modern readers.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
19 March 2014
Listed Since
10 October 2013

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