Dynamic Macroeconomic Theory

Dynamic Macroeconomic Theory
Author :
Publisher : Harvard University Press
Total Pages : 392
Release :
ISBN-10 : 0674043081
ISBN-13 : 9780674043084
Rating : 4/5 (084 Downloads)

Book Synopsis Dynamic Macroeconomic Theory by : Thomas J. Sargent

Download or read book Dynamic Macroeconomic Theory written by Thomas J. Sargent and published by Harvard University Press. This book was released on 2009-06-01 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: The tasks of macroeconomics are to interpret observations on economic aggregates in terms of the motivations and constraints of economic agents and to predict the consequences of alternative hypothetical ways of administering government economic policy. General equilibrium models form a convenient context for analyzing such alternative government policies. In the past ten years, the strengths of general equilibrium models and the corresponding deficiencies of Keynesian and monetarist models of the 1960s have induced macroeconomists to begin applying general equilibrium models. This book describes some general equilibrium models that are dynamic, that have been built to help interpret time-series of observations of economic aggregates and to predict the consequences of alternative government interventions. The first part of the book describes dynamic programming, search theory, and real dynamic capital pricing models. Among the applications are stochastic optimal growth models, matching models, arbitrage pricing theories, and theories of interest rates, stock prices, and options. The remaining parts of the book are devoted to issues in monetary theory; currency-in-utility-function models, cash-in-advance models, Townsend turnpike models, and overlapping generations models are all used to study a set of common issues. By putting these models to work on concrete problems in exercises offered throughout the text, Sargent provides insights into the strengths and weaknesses of these models of money. An appendix on functional analysis shows the unity that underlies the mathematics used in disparate areas of rational expectations economics. This book on dynamic equilibrium macroeconomics is suitable for graduate-level courses; a companion book, Exercises in Dynamic Macroeconomic Theory, provides answers to the exercises and is also available from Harvard University Press.


Dynamic Macroeconomic Theory Related Books

Dynamic Macroeconomic Theory
Language: en
Pages: 392
Authors: Thomas J. Sargent
Categories: Business & Economics
Type: BOOK - Published: 2009-06-01 - Publisher: Harvard University Press

DOWNLOAD EBOOK

The tasks of macroeconomics are to interpret observations on economic aggregates in terms of the motivations and constraints of economic agents and to predict t
Introduction to Dynamic Macroeconomic Theory
Language: en
Pages: 392
Authors: George T. McCandless
Categories: Business & Economics
Type: BOOK - Published: 1991 - Publisher: Harvard University Press

DOWNLOAD EBOOK

Economies are constantly in flux, and economists have long sought reliable means of analyzing their dynamic properties. This book provides a succinct and access
Dynamic Macroeconomics
Language: en
Pages: 801
Authors: George Alogoskoufis
Categories: Business & Economics
Type: BOOK - Published: 2019-12-17 - Publisher: MIT Press

DOWNLOAD EBOOK

An advanced treatment of modern macroeconomics, presented through a sequence of dynamic equilibrium models, with discussion of the implications for monetary and
Macroeconomic Theory
Language: en
Pages: 617
Authors: Michael Wickens
Categories: Business & Economics
Type: BOOK - Published: 2012-03-12 - Publisher: Princeton University Press

DOWNLOAD EBOOK

The definitive graduate textbook on modern macroeconomics Macroeconomic Theory is the most up-to-date graduate-level macroeconomics textbook available today. Th
Recursive Macroeconomic Theory, fourth edition
Language: en
Pages: 1477
Authors: Lars Ljungqvist
Categories: Business & Economics
Type: BOOK - Published: 2018-09-11 - Publisher: MIT Press

DOWNLOAD EBOOK

The substantially revised fourth edition of a widely used text, offering both an introduction to recursive methods and advanced material, mixing tools and sampl