Kniha Introduction to Dynamic Macroeconomic Theory George T. McCandless

Introduction to Dynamic Macroeconomic Theory

An Overlapping Generations Approach

Jazyk: Angličtina
Vazba: Pevná
Dostupnost: Skladem u dodavatele
Odesíláme za 14-21 dnů
2 606
Economies are constantly in flux, and economists have long sought reliable means of analyzing their...

Informace o knize

Jazyk
Angličtina
Vazba
Kniha - Pevná
Vydáno
1992
Stránek
384
EAN
9780674461116
ISBN
0674461118
Enbook ID
04636144
Hmotnost
696
Rozměry
166 x 244 x 28

Kompletní popis

Economies are constantly in flux, and economists have long sought reliable means of analyzing their dynamic properties. This book aims to provide a succinct and accessible exposition of modern dynamic (or intertemporal) macroeconomics. The authors use a microeconomics-based general equilibrium framework, specifically the overlapping generations model, which assumes that in every period there are two generations which overlap. This model allows the authors to describe economies over time and to employ traditional welfare analysis to judge the effects of various policies. By choosing to keep the mathematical level simple and to use the same modelling framework throughout, the authors are able to address many subtle economic issues. They analyze savings, social security systems, the determination of interest rates and asset prices for different types of assets, Ricardian equivalence, business cycles, chaos theory, investment, growth, and a variety of monetary phenomena. Each result is illustrated with analytical derivations, graphically, and by worked-out examples. Exercises, which are strategically placed, are an integral part of the book.

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