Introduction to Dynamic Macroeconomic Theory: An Overlapping Generations Approach

George McCandless

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Sprache: Englisch

Verlag: Harvard University Press, United States, Cambridge, Mass, 1992

0674461118 / 9780674461116

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Artikelbeschreibung des Verkäufers

Economies are constantly in flux, and economists have long sought reliable means of analyzing their dynamic properties. This book provides 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 fully 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 modeling 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. Introduction to Dynamic Macroeconomic Theory will become a classic of economic exposition and a standard teaching and reference tool for intertemporal macroeconomics and the overlapping generations model. The writing is exceptionally clear. 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. The book has been read, but is in excellent condition. Pages are intact and not marred by notes or highlighting. The spine remains undamaged.…

Bestandsnummer des Verkäufers GOR004809321

Titel
Introduction to Dynamic Macroeconomic Theory: An Overlapping Generations Approach
Autor
George McCandless
Verlag
Harvard University Press, United States, Cambridge, Mass
Erscheinungsjahr
1992
Zustand
Very Good
Einband
Paperback
Sprache
Englisch
ISBN-10
0674461118
ISBN-13
9780674461116
Artikelgewicht
753 Gramm
Abmessungen
156 x 235

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