Methods of Macroeconomic Dynamics

Stephen J. Turnovsky (Autor)

Buch | Hardcover

500 Seiten

2000
MIT Press (Verlag)
9780262200981 (ISBN)

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An analysis of dynamic modelling which aims to demonstrate how it is used to analyze the effects of policy on economic growth and performance. Chapters cover traditional macrodynamics, rational expectations, intertemporal optimization and continuous-time stochastic models.

Introduction and overview. Part 1 Traditional macrodynamics: a dynamic portfolio macroeconomic model. Part 2 Rational expectations: rational expectations - some basic issues; rational expectations and policy neutrality; nonuniqueness issues in rational expectations models; rational expectations and saddlepoint behaviour; the stability of government deficit financing under rational expectations; macroeconomic stabilization policy under rational expectations. Part 3 Intertemporal optimization: the representative agent model; equilibrium in a decentralized economy with distortionary taxes and inflation; a dynamic analysis of taxes; the representative agent model in the international economy; an introduction to endogenous growth models. Part 4 Continuous-time stochastic models: continuous-time stochastic optimization; a stochastic intertemporal model of a small open economy.

Erscheint lt. Verlag	1.8.2000
Zusatzinfo	20 illustrations, index
Verlagsort	Cambridge, Mass.
Sprache	englisch
Maße	183 x 260 mm
Gewicht	1300 g
Themenwelt	Mathematik / Informatik ► Mathematik ► Angewandte Mathematik
	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
	Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
ISBN-13	9780262200981 / 9780262200981
Zustand	Neuware