"The macroeconomic development of most major industrial economies is characterised by boom-bust cycles. Normally such boom-bust cycles are driven by specific sectors of the economy. In the financial meltdown of the years 2007-2009 it was the credit sector and the real-estate sector that were the...

Preface Introduction Explicit Representation and Feedback Structure of the Core 18D Dynamical System Numerical Simulations of the Real Part of 18D Dynamics Adding Policy Issues to the Real Dynamics Adding Asset Price Dynamics to the Real Dynamics Numerical Investigations of the Full 18D...

In the last months, the world's economies were confronted with the largest economic recession since the Great Depression. The occurrence of a worldwide financial market meltdown as a consequence originally stemming from of the crisis in the US subprime housing sector was only prevented by...