Introduction to Dynamic Macroeconomic Theory: An Overlapping Generations Approach

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9780674461116: Introduction to Dynamic Macroeconomic Theory: An Overlapping Generations Approach

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.

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About the Author:

George McCandless is an economist at the Central Bank of Argentina.

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McCandless, George, Wallace, Neil
Editorial: Harvard University Press (1992)
ISBN 10: 0674461118 ISBN 13: 9780674461116
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Descripción Harvard University Press, 1992. Hardcover. Estado de conservación: New. Never used!. Nº de ref. de la librería P110674461118

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McCandless, George,Wallace, Neil
Editorial: Harvard Univ Press
ISBN 10: 0674461118 ISBN 13: 9780674461116
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Descripción Harvard Univ Press. Estado de conservación: BRAND NEW. BRAND NEW Hardcover A Brand New Quality Book from a Full-Time Bookshop in business since 1992!. Nº de ref. de la librería 2364161

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McCandless, George
Editorial: Harvard University Press (1992)
ISBN 10: 0674461118 ISBN 13: 9780674461116
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Descripción Harvard University Press, 1992. HRD. Estado de conservación: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Nº de ref. de la librería WH-9780674461116

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George T. McCandless, Neil Wallace
Editorial: HARVARD UNIVERSITY PRESS, United States (1992)
ISBN 10: 0674461118 ISBN 13: 9780674461116
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Descripción HARVARD UNIVERSITY PRESS, United States, 1992. Hardback. Estado de conservación: New. New. Language: English . Brand New Book. 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. Nº de ref. de la librería AAH9780674461116

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George T. McCandless, Neil Wallace
Editorial: HARVARD UNIVERSITY PRESS, United States (1992)
ISBN 10: 0674461118 ISBN 13: 9780674461116
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The Book Depository US
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Descripción HARVARD UNIVERSITY PRESS, United States, 1992. Hardback. Estado de conservación: New. New. Language: English . Brand New Book. 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. Nº de ref. de la librería AAH9780674461116

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George McCandless, Neil Wallace
Editorial: Harvard University Press 1992-02-03, Cambridge, Mass. (1992)
ISBN 10: 0674461118 ISBN 13: 9780674461116
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Descripción Harvard University Press 1992-02-03, Cambridge, Mass., 1992. hardback. Estado de conservación: New. Nº de ref. de la librería 9780674461116

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McCandless, George
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Descripción 1992. HRD. Estado de conservación: New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. Nº de ref. de la librería TH-9780674461116

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George McCandlessNeil Wallace
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Descripción Harvard University Press. Estado de conservación: New. Brand New. Nº de ref. de la librería 0674461118

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Descripción 1992. Hardback. Estado de conservación: NEW. 9780674461116 This listing is a new book, a title currently in-print which we order directly and immediately from the publisher. Nº de ref. de la librería HTANDREE0808232

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George T. McCandless, Neil Wallace
Editorial: HARVARD UNIVERSITY PRESS, United States (1992)
ISBN 10: 0674461118 ISBN 13: 9780674461116
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Book Depository hard to find
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Descripción HARVARD UNIVERSITY PRESS, United States, 1992. Hardback. Estado de conservación: New. New. 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. 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. Nº de ref. de la librería BTE9780674461116

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