This book explains how standard micro-founded macroeconomics is misguided and proposes an alternative method based on statistical physics. The Great Recession following the bankruptcy of Lehman Brot……続きを見る
“Hiroshi Onishi’s book is an invaluable addition to the canon which the late Makoto Itoh helped establish. It serves both as a textbook and as a historical introduction to the entire development of ……続きを見る
This book presents an agent-based macroeconomic model developed on the Keynesian principle of effective demand and the Wicksellian theory of cumulative process. The main purpose of the book is to de……続きを見る
This book investigates the interaction of effective goods demand with the wage-price spiral, and the impact of monetary policy on financial and the real markets from a Keynesian perspective. Endogen……続きを見る
The Fund continues to be criticized for squeezing social spending in developing countries. This paper will examine trends in health and education spending in countries with and without Fund-supporte……続きを見る
Faced with a steadily worsening economy, the government of the Lao Peoples Democratic Republic took its first steps toward reforming its centrally planned economy in December 1979. The reform proces……続きを見る
This book focuses on the impact and effectiveness of foreign aid or official development assistance (ODA) from several aspects, as in the exemplary case of Thailandーfactors that are important for f……続きを見る
This book provides a comprehensive and concrete illustration of time series analysis focusing on the state-space model, which has recently attracted increasing attention in a broad range of fields. ……続きを見る
Low-income countries routinely experience exogenous disturbances�sharp swings in the terms of trade, export demand, natural disasters, and volatile financial flows�that contribute to higher volatili……続きを見る
This book develops new, original methods of welfare comparison and comparative dynamics between distinct and discretely positioned (rather than continuously related) socioeconomic situations. These ……続きを見る
This book answers the question of how exactly property price indexes should be constructed.
The formation and collapse of property bubbles has had a profound impact on the economic administration of……続きを見る
In this book, the authors treat macroeconomic models as composed of large numbers of micro-units or agents of several types and explicitly discuss stochastic dynamic and combinatorial aspects of int……続きを見る
This monograph provides the fundamentals of statistical inference for financial engineering and covers some selected methods suitable for analyzing financial time series data. In order to describe t……続きを見る
