The macroeconomics of self-fulfilling prophecies
著者
書誌事項
The macroeconomics of self-fulfilling prophecies
MIT Press, c1999
2nd ed
- タイトル別名
-
Macroeconomics of self-fulfilling prophecies
大学図書館所蔵 件 / 全65件
-
該当する所蔵館はありません
- すべての絞り込み条件を解除する
注記
Some copies have different title on t.p.: Macroeconomics of self-fulfilling prophecies
Includes bibliographical references and indexes
内容説明・目次
内容説明
For many years it was fashionable to treat macroeconomics and microeconomics as separate subjects without looking too deeply at the relationship between the two. But in the 1970s there occurred an episode of high inflation and high unemployment, which was inconsistent with orthodox theory. As a result, macroeconomists began to pay much greater attention to the microfoundations of their subject.
In this book Roger E. A. Farmer takes a somewhat controversial point of view, arguing for the future of macroeconomics as a branch of applied general equilibrium theory. His main theme is that macroeconomics is best viewed as the study of equilibrium environments in which the welfare theorems break down. This approach makes it possible to discuss the role of government policies in a context in which policy may serve some purpose.
Since the publication of the first edition in 1993, self-fulfilling prophecies has become a major competitor to the real business-cycle view of economic fluctuations. The second edition has been updated in three ways: (1) problems are included at the end of every chapter, and a study guide containing sample answers to all of the problems is available; (2) a new chapter discusses research from the past five years on business fluctuations in multisector models; and (3) the chapter on representative agent growth models now includes an appendix that explains the transversality condition.
「Nielsen BookData」 より