Macroeconomic Dynamics

Introduction

INTRODUCTION TO MACROECONOMIC DYNAMICS SPECIAL ISSUE IN HONOR OF KAZUO NISHIMURA: NONLINEAR DYNAMICS IN EQUILIBRIUM MODELS

John Stachurskia1, Alain Vendittia2 c1 and Makoto Yanoa3

a1 Australian National University

a2 CNRS-GREQAM and EDHEC

a3 Kyoto University

Over the past three decades, analysis of dynamics has come to the forefront of macroeconomic theory. A key impetus for progress on this front has been the connections developed between equilibrium growth theory, on one hand, and the field of nonlinear dynamics, on the other. Kazuo Nishimura's work has been at the center of these advances, and the lines of research he initiated remain an exciting area of study for young researchers with strong technical skills.

Correspondence:

c1 Address correspondence to: Alain Venditti, GREQAM, 2 rue de la Charité, 13002 Marseille, France; e-mail: alain.venditti@univmed.fr.

Footnotes

We thank Raouf Boucekkine for allowing us to initiate this special issue of Macroeconomic Dynamics. We also thank the editor, Bill Barnett, and the special issue editors, Steve Turnovsky and Lee Ohanian, for their support. Most of the contributions in this volume were presented at the international conference “New Challenges for Macroeconomic Regulation: Financial Crisis, Stabilisation Policy and Sustainable Development,” GREQAM, Marseille, France June 9–11, 2011. Financial support from CNRS, Ecole d'Economie de Paris, Centre d'Economie de la Sorbonne—Pôle Macroéconomie, Centre d'Economie de la Sorbonne—Pôle Economie Mathématique, GREQAM, ADRES, CEPREMAP, Ministère de la Recherche, Université de la Méditerranée, Université Paul Cézanne, and Université Paris I Panthéon–Sorbonne is gratefully acknowledged. Special thanks go to Isabelle Mauduech, Corinne Michaud, and Aziza Sikar, whose help in organizing the conference was invaluable.