Skip navigation

Willi Semmler

Titles by This Author

Instability, Fluctuations, and Growth in Monetary Economies

Dynamic Macroeconomics is an attempt to revitalize the traditions of nonmarket clearing approaches to macroeconomics. Using sophisticated tools from dynamic analysis, the authors introduce a consistent, integrated framework for disequilibrium macroeconomic dynamics and explore its relationship to the competing--and currently dominant--equilibrium dynamics.The book is organized into five parts. Part I covers background models of market-clearing and nonmarket-clearing approaches.