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Dynamic factor demand in a rationing context : theory and estimation of a macroeconomic disequilibrium model for the Federal Republic of Germany

Author: Werner Smolny
Publisher: Heidelberg : Physica-Verlag ; New York : Springer-Verlag, ©1993.
Series: Studies in contemporary economics.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
A macroeconomic disequilibrium model is developed for the Federal Republic of Germany. Starting with a microeconomic model of firm's behaviour, the optimal dynamic adjustment of employment and investment is derived. The model of the firm is complemented by an explicite aggregation procedure which allows to derive macroeconomic relations. The model is estimated with macroeconomic data for the Federal Republic of  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
(DLC) 94144937
(OCoLC)29983339
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Werner Smolny
ISBN: 9783642515125 3642515126
OCLC Number: 654270251
Description: 1 online resource (vi, 241 pages) : illustrations.
Contents: I Theory --
1 Disequilibrium models --
2 The basic model --
3 Extensions of the basic model --
4 The aggregation of micro-markets --
II Empirical estimation --
5 Specification of the model --
6 Results --
Conclusion.
Series Title: Studies in contemporary economics.
Responsibility: Werner Smolny.

Abstract:

A macroeconomic disequilibrium model is developed for theFederal Republic of Germany. Starting with a microeconomicmodel of firm's behaviour, the optimal dynamic adjustment ofemployment and  Read more...

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