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This book critiques the NNS-DSGE approach to macroeconomic analysis, arguing it fails to explain real-world phenomena like financial crises and market behavior. It proposes Bottom-up Adaptive Macroeconomics (BAM), focusing on heterogeneous individuals interacting in a complex system and emphasizing the importance of intermarket relationships, aggregate prices, and the emergence of macro behavior from individual actions.
Buchkauf
Macroeconomics from the Bottom-up, Domenico Delli Gatti, Saul Desiderio
- Sprache
- Erscheinungsdatum
- 2013
- product-detail.submit-box.info.binding
- (Paperback)
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- Titel
- Macroeconomics from the Bottom-up
- Sprache
- Englisch
- Autor*innen
- Domenico Delli Gatti, Saul Desiderio
- Verlag
- Springer Italia
- Erscheinungsdatum
- 2013
- Einband
- Paperback
- ISBN13
- 9788847025189
- Kategorie
- Nicht klassifiziert
- Beschreibung
- This book critiques the NNS-DSGE approach to macroeconomic analysis, arguing it fails to explain real-world phenomena like financial crises and market behavior. It proposes Bottom-up Adaptive Macroeconomics (BAM), focusing on heterogeneous individuals interacting in a complex system and emphasizing the importance of intermarket relationships, aggregate prices, and the emergence of macro behavior from individual actions.