Disequilibrium, growth and labor market dynamics

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This book explores disequilibrium, growth, and labor market dynamics from a macroeconomic perspective, presenting a versatile working model that accommodates innovations in macroeconomic literature. It aims to address significant contemporary macroeconomic issues by establishing a close relationship between dynamic models and modern macro econometric models that incorporate disequilibrium in both labor and goods markets. One key objective is to bridge the gap between theoretical and applied structural macrodynamic model building. The authors aspire for the book to serve as a valuable reference for researchers, educators, and practitioners engaged in macroeconomic and macro econometric modeling, regardless of their preference for equilibrium or disequilibrium methods. The approach features unique elements, emphasizing the identification and analysis of fundamental feedback mechanisms in modern macro economies. It includes a comprehensive study of both partial and integrated dynamic interactions among these feedback mechanisms, highlighting the interdependence of various markets and sectors. Additionally, it examines the relationship between the macroeconomic framework of the working model and the Walrasian, Non-Walrasian, and New-Keynesian reformulations of macroeconomics.