1st Edition

Macroeconomic Modelling, Economic Policy and Methodology Economics at the Edge

256 Pages 43 B/W Illustrations

by Routledge

256 Pages 43 B/W Illustrations

by Routledge

256 Pages 43 B/W Illustrations

by Routledge

Also available as eBook on:

Taylor & Francis eBooks
(Institutional Purchase)Opens in new tab or window

Description

Demonstrating that there are (superior) alternatives to the modern macroeconomic mainstream and its DSGE (dynamic stochastic general equilibrium) models, this book presents the cutting edge in macroeconomic modelling, economic policy, and methodology from the perspective of heterodox economic thinking. The first part of the book explores methodological issues, advocating for a stronger ethical... Read more

1. Introduction – Economics at the Edge Part I: Methodology 2. Ideology, Werturteilsfreiheit and pluralism in economics 3. Does macroeconomics have to deal with ethical considerations? 4. Understanding the temporal in economics Part II: Empirical SFC Modelling 5. House prices, credit and financial cycles: An Empirical Stock-flow consistent (SFC) model for the Danish Economy 6. Globalisation and Financialisation in the Netherlands, 1995 - 2020 7. A Stock Flow Consistent model for the French economy 8. A Stock-Flow Consistent Quarterly Model of the Italian Economy 9. The Long Decay of Argentina: could the 2010s have been different? Part III: Economic Policy Aspects 10. Central Bank Independence in an Age of Democratic Values 11. Foreign exchange accumulation and the advent of the monetary policy quadrilemma 12. Sectoral balance analysis: Evidence from Scandinavia 13. Realism in economics: A new approach to financial instability