Macroeconomics - 2nd Edition: An Integrated Approach

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9780262511032: Macroeconomics - 2nd Edition: An Integrated Approach

Many undergraduate texts treat macroeconomics as a set of distinct topics rather than as a unified body of theory and empirical findings. In contrast, this text by Alan Auerbach and Laurence Kotlikoff uses a single analytic framework -- the two-period life-cycle model -- to explore and connect each of the major issues in contemporary macroeconomics. The model describes the evolution of the economy over time in terms of the behavior of overlapping generations of individuals, each of whom lives for two periods: youth and old age. This versatile framework can encompass most macroeconomic schools of thought through the alteration of key assumptions. The use of one basic model also allows the authors to explore important topics not always addressed adequately in other texts; these include credit constraints, real business cycles, generational accounting, and international capital flows markets.

Written in a clear, accessible style, this shortened and simplified second edition provides a systematic way to interpret macroeconomic outcomes, to understand various policy proposals, and to appreciate how individuals and firms fit into the big picture.

"Sinopsis" puede pertenecer a otra edición de este libro.

About the Author:

Laurence J. Kotlikoff, one of the nation's leading experts on fiscal policy, national saving, and personal finance and a columnist for Bloomberg, is Professor of Economics at Boston University. His writings and views appear in Forbes, the Economist, the Financial Times, the Wall Street Journal, the New York Times, and other leading media outlets.

Review:

Auerbach and Kotlikoff tackle the most difficult (though necessary) aspect of teaching macro at the intermediate level, general equilibrium analysis, with an easy dexterity. Their book exhibits the rigor required of modern macroeconomic analysis, covers the most pressing issues of macro policy, and does both with clarity and grace. It's an excellent book.

(Benjamin Russo, University of North Carolina)

Auerbach and Kotlikoff put first things first in Macroeconomics highlighting long-term growth in output, productivity, and labor and captial input. They integrate a superb treatment of life-cycle consumption and saving into the neoclassical model of long-term growth.

(Robert King, University of Virginia)

As one would expect, Auerbach and Kotlikoff offers a comprehensive, innovative, and logically consistent synthesis of the major questions of macroeconomics. Particularly impressive is their attention to the long-run determines of saving and growth in open as well as closed economies.

(Maurice Obstefeld, University of California)

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Auerbach, Alan J., Kotlikoff, Laurence J
Editorial: The MIT Press (1998)
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Descripción The MIT Press, 1998. Paperback. Estado de conservación: New. Never used!. Nº de ref. de la librería P110262511037

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Descripción MIT Press Ltd, United States, 1998. Paperback. Estado de conservación: New. second edition. Language: English . Brand New Book. Many undergraduate texts treat macroeconomics as a set of distinct topics rather than as a unified body of theory and empirical findings. In contrast, this text by Alan Auerbach and Laurence Kotlikoff uses a single analytic framework -- the two-period life-cycle model -- to explore and connect each of the major issues in contemporary macroeconomics. The model describes the evolution of the economy over time in terms of the behavior of overlapping generations of individuals, each of whom lives for two periods: youth and old age. This versatile framework can encompass most macroeconomic schools of thought through the alteration of key assumptions. The use of one basic model also allows the authors to explore important topics not always addressed adequately in other texts; these include credit constraints, real business cycles, generational accounting, and international capital flows markets.Written in a clear, accessible style, this shortened and simplified second edition provides a systematic way to interpret macroeconomic outcomes, to understand various policy proposals, and to appreciate how individuals and firms fit into the big picture. Nº de ref. de la librería AAH9780262511032

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Alan J. Auerbach, Laurence J. Kotlikoff
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Descripción MIT Press Ltd, United States, 1998. Paperback. Estado de conservación: New. second edition. Language: English . Brand New Book. Many undergraduate texts treat macroeconomics as a set of distinct topics rather than as a unified body of theory and empirical findings. In contrast, this text by Alan Auerbach and Laurence Kotlikoff uses a single analytic framework -- the two-period life-cycle model -- to explore and connect each of the major issues in contemporary macroeconomics. The model describes the evolution of the economy over time in terms of the behavior of overlapping generations of individuals, each of whom lives for two periods: youth and old age. This versatile framework can encompass most macroeconomic schools of thought through the alteration of key assumptions. The use of one basic model also allows the authors to explore important topics not always addressed adequately in other texts; these include credit constraints, real business cycles, generational accounting, and international capital flows markets.Written in a clear, accessible style, this shortened and simplified second edition provides a systematic way to interpret macroeconomic outcomes, to understand various policy proposals, and to appreciate how individuals and firms fit into the big picture. Nº de ref. de la librería AAH9780262511032

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Alan J. Auerbach, Laurence J. Kotlikoff
Editorial: The MIT Press 1998-07-31, Cambridge, Mass. |London (1998)
ISBN 10: 0262511037 ISBN 13: 9780262511032
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Descripción The MIT Press 1998-07-31, Cambridge, Mass. |London, 1998. paperback. Estado de conservación: New. Nº de ref. de la librería 9780262511032

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Descripción MIT Press. Paperback. Estado de conservación: New. New copy - Usually dispatched within 2 working days. Nº de ref. de la librería B9780262511032

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Alan J. Auerbach, Laurence J. Kotlikoff
Editorial: MIT Press Ltd, United States (1998)
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Descripción MIT Press Ltd, United States, 1998. Paperback. Estado de conservación: New. second edition. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. Many undergraduate texts treat macroeconomics as a set of distinct topics rather than as a unified body of theory and empirical findings. In contrast, this text by Alan Auerbach and Laurence Kotlikoff uses a single analytic framework -- the two-period life-cycle model -- to explore and connect each of the major issues in contemporary macroeconomics. The model describes the evolution of the economy over time in terms of the behavior of overlapping generations of individuals, each of whom lives for two periods: youth and old age. This versatile framework can encompass most macroeconomic schools of thought through the alteration of key assumptions. The use of one basic model also allows the authors to explore important topics not always addressed adequately in other texts; these include credit constraints, real business cycles, generational accounting, and international capital flows markets.Written in a clear, accessible style, this shortened and simplified second edition provides a systematic way to interpret macroeconomic outcomes, to understand various policy proposals, and to appreciate how individuals and firms fit into the big picture. Nº de ref. de la librería BTE9780262511032

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Alan J. Auerbach
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Descripción Mit Pr, 1998. Paperback. Estado de conservación: Brand New. 2nd edition. 488 pages. In Stock. Nº de ref. de la librería __0262511037

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