National Science Library of Georgia

New approaches to macroeconomic modeling : (Record no. 522595)

MARC details
000 -LEADER
fixed length control field 02760nam a22003378i 4500
001 - CONTROL NUMBER
control field CR9780511664670
003 - CONTROL NUMBER IDENTIFIER
control field UkCbUP
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20200124160331.0
006 - FIXED-LENGTH DATA ELEMENTS--ADDITIONAL MATERIAL CHARACTERISTICS--GENERAL INFORMATION
fixed length control field m|||||o||d||||||||
007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION
fixed length control field cr||||||||||||
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 091216s1996||||enk o ||1 0|eng|d
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9780511664670 (ebook)
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
Cancelled/invalid ISBN 9780521482073 (hardback)
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
Cancelled/invalid ISBN 9780521637695 (paperback)
040 ## - CATALOGING SOURCE
Original cataloging agency UkCbUP
Language of cataloging eng
Description conventions rda
Transcribing agency UkCbUP
050 00 - LIBRARY OF CONGRESS CALL NUMBER
Classification number HB172.5
Item number .A58 1996
082 00 - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 339
Edition number 20
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Aoki, Masanao,
Relator term author.
245 10 - TITLE STATEMENT
Title New approaches to macroeconomic modeling :
Remainder of title evolutionary stochastic dynamics, multiple equilibria, and externalities as field effects /
Statement of responsibility, etc Masanao Aoki.
264 #1 - Production, Publication, Distribution, Manufacture, and Copyright Notice (R)
Place of production, publication, distribution, manufacture (R) Cambridge :
Name of producer, publisher, distributor, manufacturer (R) Cambridge University Press,
Date of production, publication, distribution, manufacture, or copyright notice 1996.
300 ## - PHYSICAL DESCRIPTION
Extent 1 online resource (xv, 288 pages) :
Other physical details digital, PDF file(s).
336 ## - Content Type (R)
Content type term (R) text
Content type code (R) txt
Source (NR) rdacontent
337 ## - Media Type (R)
Media type term (R) computer
Media type code (R) c
Source (NR) rdamedia
338 ## - Carrier Type (R)
Carrier type term (R) online resource
Carrier type code (R) cr
Source (NR) rdacarrier
500 ## - GENERAL NOTE
General note Title from publisher's bibliographic system (viewed on 08 Oct 2015).
505 0# - FORMATTED CONTENTS NOTE
Formatted contents note 1. Introduction -- 2. Simple Illustrative and Motivating Examples -- 3. Empirical Distributions: Statistical Laws in Macroeconomics -- 4. Modeling Interactions I: Jump Markov Processes -- 5. Modeling Interactions II: Master Equations and Field Effects -- 6. Modeling Interactions III: Pairwise and Multiple-Pair Interactions -- 7. Sluggish Dynamics and Hierarchical State Spaces -- 8. Self-organizing and Other Critical Phenomena in Economic Models -- Elaborations and Future Directions of Research.
520 ## - SUMMARY, ETC.
Summary, etc This book contributes substantively to state-of-the-art macroeconomic modeling by providing a method for modeling large collections of heterogeneous agents subject to non-pairwise externality called field effects, i.e. feedback of aggregate effects on individual agents or agents using state-dependent strategies. Adopting a level of microeconomic description which keeps track of compositions of fractions of agents by 'types' or 'strategies', time evolution of the microeconomic states is described by (backward) Chapman-Kolmogorov equations. Macroeconomic dynamics naturally arise by expansion of the solution in some power series of the number of participants. Specification of the microeconomic transition rates thus leads to macroeconomic dynamic models. This approach provides a consistent way for dealing with multiple equilibria of macroeconomic dynamics by ergodic decomposition and associated calculations of mean first passage times, and stationary probabilities of equilibria further provide useful information on macroeconomic behavior.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Macroeconomics
General subdivision Mathematical models.
776 08 - ADDITIONAL PHYSICAL FORM ENTRY
Display text Print version:
International Standard Book Number 9780521482073
856 40 - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://doi.org/10.1017/CBO9780511664670">https://doi.org/10.1017/CBO9780511664670</a>

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