Carl Chiarella Book order

This book delves into sustainable wealth formation and dynamic decision-making, particularly in light of the asset market collapse from 2007-2009, which left many funds vulnerable due to risky investments. Since 2010, the stock market has seen a long-term rise, resulting in asset price booms and uneven wealth distribution. The authors propose a comprehensive framework for asset management and wealth accumulation, focusing on how these strategies can mitigate income risk and secure sufficient risk-free income later in life while being socially and environmentally responsible. They explore behavioral and institutional decision-making rules that align with these guidelines, emphasizing the importance of dynamic decision-making and portfolio rebalancing. By introducing dynamic programming as a method for integrating sustainable wealth accumulation with asset allocation, the authors provide a thorough examination of asset accumulation and dynamic portfolio models. The book addresses the pressing issue of economic sustainability, employing advanced quantitative techniques to present undeniable facts. It aims to serve as a key reference for academic researchers and quantitatively skilled practitioners. The content challenges both groups, offering rigorous discussions for academics and innovative solutions for practitioners, with a focus on simplifying complex concepts for practical application.

The book presents applications of stochastic calculus to derivative security pricing and interest rate modelling. By focusing more on the financial intuition of the applications rather than the mathematical formalities, the book provides the essential knowledge and understanding of fundamental concepts of stochastic finance, and how to implement them to develop pricing models for derivatives as well as to model spot and forward interest rates. Furthermore an extensive overview of the associated literature is presented and its relevance and applicability are discussed. Most of the key concepts are covered including Ito’s Lemma, martingales, Girsanov’s theorem, Brownian motion, jump processes, stochastic volatility, American feature and binomial trees. The book is beneficial to higher-degree research students, academics and practitioners as it provides the elementary theoretical tools to apply the techniques of stochastic finance in research or industrial problems in the field.

The third volume delves into a comprehensive reinterpretation of Keynesian macroeconomics, focusing on disequilibrium adjustment processes across financial, goods, and labor markets. It explores the intricate interactions between these markets, providing a detailed analysis that enhances the understanding of economic dynamics. This volume completes the trilogy, offering a fresh perspective on classical economic theories and their applications in contemporary contexts.

The second volume delves into a comprehensive reexamination of Keynesian macroeconomics, focusing on the disequilibrium adjustment processes within financial, goods, and labor markets. It explores how these markets interact and the implications of their dynamics, contributing to a deeper understanding of economic theory and practice. This volume is part of a three-book series aimed at reshaping traditional economic concepts.

The book introduces a dynamic macroeconomic model designed to engage both theorists and policymakers. It emphasizes innovative approaches to understanding economic fluctuations and offers practical insights for effective policy-making. By bridging theoretical frameworks with real-world applications, it aims to enhance economic analysis and decision-making in various contexts.

The book presents a groundbreaking approach to macrodynamics, demonstrating its systematic development and investigation for the first time. It explores new methodologies and frameworks, offering insights into the dynamics of large-scale systems. Through rigorous analysis, it aims to deepen understanding of macrodynamic principles and their applications, making it a significant contribution to the field.

This volume contains a collection of papers dedicated to Professor Eckhard Platen to celebrate his 60th birthday, which occurred in 2009. The contributions have been written by a number of his colleagues and co-authors. All papers have been - viewed and presented as keynote talks at the international conference “Quantitative Methods in Finance” (QMF) in Sydney in December 2009. The QMF Conference Series was initiated by Eckhard Platen in 1993 when he was at the Australian - tional University (ANU) in Canberra. Since joining UTS in 1997 the conference came to be organised on a much larger scale and has grown to become a signi? cant international event in quantitative ? nance. Professor Platen has held the Chair of Quantitative Finance at the University of Technology, Sydney (UTS) jointly in the Faculties of Business and Science since 1997. Prior to this appointment, he was the Founding Head of the Centre for Fin- cial Mathematics at the Institute of Advanced Studies at ANU, a position to which he was appointed in 1994. Eckhard completed a PhD in Mathematics at the Technical University in Dresden in 1975 and in 1985 obtained his Doctor of Science degree (Habilitation degree in the German system) from the Academy of Sciences in Berlin where he headed the Stochastics group at the Weierstrass Institute.

Focusing on the intertemporal general equilibrium approach, this book presents insights from a collective of Keynesian economists with a technical perspective. It delves into a significant paradigm in financial economics, offering a critical examination of its principles and implications. The authors aim to bridge theoretical understanding with practical applications, making it a valuable resource for those interested in contemporary economic theories and their relevance in today's financial landscape.

This book is a companion volume to «The Dynamics of Keynesian Monetary Growth. Macro Foundations» by Chiarella & Flaschel, CUP 2000. It describes the computer package, Simulating Nonlinear Dynamics, designed to simulate the various high order macrodynamic models of that book. The package is quite general and can be applied to any well-defined continuous and discrete time dynamical system. One feature of the package is a set of powerful interactive graphical facilities. The first part of the book outlines the philosophy and mode of use ot the package, the second part provides an extensive set of applications to the macrodynamic models referred to in the title. The package is downloadable from http: //www.business.uts.edu.au./finance/staff/carl.html.

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.