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Jean Brunel, Founder of Brunel Associates and Editor of The Journal of Wealth Management","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52431339192593,"sku":"NLS9783662492284","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9783662492284.jpg?v=1759172223"},{"product_id":"derivative-security-pricing-book-carl-chiarella-9783662516317","title":"Derivative Security Pricing","description":"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. 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The authors explain the need for such a dynamic decision-making and dynamic re-balancing of portfolios, by putting forward dynamic programming as an approach to dynamic decision-making that can allow sustainable wealth accumulation and dynamic asset allocation to be successfully integrated.  This book provides a clear and comprehensive treatment of asset accumulation and dynamic portfolio models with an emphasis on long term and sustainable wealth formation. An important concern in public debate is the sustainability of our economy and this book employs cutting edge quantitative techniques and models to highlight important facts that cannot be disputed under any reasonable assumptions. It has the potential to become a standard reference for both academic researchers and quantitatively trained practitioners.   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Jean Brunel, Founder of Brunel Associates and Editor of The Journal of Wealth Management","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52583363477777,"sku":"NLS9783662569924","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9783662569924.jpg?v=1761046761"},{"product_id":"foundations-for-a-disequilibrium-theory-of-the-business-cycle-book-carl-chiarella-9780521850254","title":"Foundations for a Disequilibrium Theory of the Business Cycle","description":"Building on The Dynamics of Keynesian Monetary Growth by Chiarella and Flaschel (2000), this book is a key contribution to business cycle theory, setting out a disequilibrium approach with gradual adjustments of the key macroeconomic variables. Its analytic study of a deterministic model of economic activity, inflation and income distribution integrates elements in the tradition of Keynes, Metzler and Goodwin (KMG). After a qualitative analysis of the basic feedback mechanisms, the authors calibrate the KMG model to the stylized facts of the business cycle in the U.S. economy, and then undertake a detailed numerical investigation of the local and global dynamics generated by the model. Finally, topical issues in monetary policy are studied in small macromodels as well as for the KMG model by incorporating an estimated Taylor-type interest rate reaction function. The stability features of this enhanced model are also compared to those of the original KMG model.","brand":"WoB","offers":[{"title":"- \/ - \/ INTERNAL","offer_id":52583524892945,"sku":null,"price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ INGRAM","offer_id":52583525417233,"sku":"NLS9780521850254","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780521850254.jpg?v=1761047233"},{"product_id":"elements-of-a-nonlinear-theory-of-economic-dynamics-book-carl-chiarella-9783540526223","title":"The Elements of a Nonlinear Theory of Economic Dynamics","description":"Elements of a Nonlinear Theory of Economic Dynamics provides both a framework and a survey of its needs. First, principle results and techniques of the theory relevant to applications in dynamic economics are discussed, then their application in view of older endogenous cycle theories are considered in a unified mathematical framework. Models incorporating the government budget constraint and the Goodwin model are analysed using the method of averaging and the centre manifold theory. The dynamic instability problem is solved by placing models in a nonlinear framework.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52616587116817,"sku":"NLS9783540526223","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9783540526223.jpg?v=1761527721"},{"product_id":"reconstructing-keynesian-macroeconomics-volume-2-book-carl-chiarella-9781138901339","title":"Reconstructing Keynesian Macroeconomics Volume 2","description":"This book represents the second of three volumes offering a complete reinterpretation and restructuring of Keynesian macroeconomics and a detailed investigation of the disequilibrium adjustment processes characterizing the financial, the goods and the labour markets and their interaction.  In this second volume the authors present a detailed analysis and comparison of two competing types of approaches to Keynesian macroeconomics, one that integrates goods, labour and financial markets, and another from the perspective of a conventional type of LM-analysis or interest-rate policy of the central bank. The authors employ rigorous dynamic macro-models of a descriptive and applicable nature, which will be of interest to all macroeconomists who use formal model-building in their investigations.  The research in this book with its focus on Keynesian propagation mechanisms provides a unique alternative to the black-box shock-absorber approaches that dominate modern macroeconomics. The main conclusion of the work is that policy makers need to reconsider Keynesian ideas, but in the modern form in which they are expressed in this volume.  Reconstructing Keynesian Macroeconomics will be of interest to students and researchers who want to look at alternatives to the mainstream macrodynamics that emerged from the Monetarist critique of Keynesianism. This book will also engage central bankers and macroeconomic policy makers.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52619805819153,"sku":"NLS9781138901339","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9781138901339.jpg?v=1761536898"}],"url":"https:\/\/www.worldofbooks.com\/collections\/author-books-by-carl-chiarella.oembed","provider":"World of Books ","version":"1.0","type":"link"}