Methods of macroeconomic dynamics

Author(s)

• Turnovsky, Stephen J.

Bibliographic Information

Methods of macroeconomic dynamics

Stephen J. Turnovsky

MIT Press, c1995

Note

Includes bibliographical references and indexes

Description and Table of Contents

Description

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.

Table of Contents

• 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.

by "Nielsen BookData"

Details

• NCID: BA2622047X
• ISBN:
  • 0262200988
• LCCN: 95013032
• Country Code: us
• Title Language Code: eng
• Text Language Code: eng
• Place of Publication: Cambridge, Mass.
• Pages/Volumes: xiv, 535 p.
• Size: 26 cm
• Classification:
  • LCC : HB172.5
  • DC20 : 339
  • NDC8 : 331
• Subject Headings:
  • LCSH : Macroeconomics
  • LCSH : Macroeconomics -- Mathematical models
  • LCSH : Statics and dynamics (Social sciences)