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Methods of macroeconomic dynamics [electronic resource] / Stephen J. Turnovsky.

By: Turnovsky, Stephen J.
Material type: TextTextPublisher: Cambridge, Mass. : MIT Press, c1995Description: 1 online resource (xiv, 535 p.) : ill.ISBN: 0585147949 (electronic bk.); 9780585147949 (electronic bk.).Subject(s): Macroeconomics | Macroeconomics -- Mathematical models | Statics and dynamics (Social sciences) | POLITICAL SCIENCE -- Economic Conditions | BUSINESS & ECONOMICS -- Economics -- MacroeconomicsGenre/Form: Electronic books.Additional physical formats: Print version:: Methods of macroeconomic dynamics.DDC classification: 339 Online resources: EBSCOhost
Contents:
Traditional macrodynamics -- A dynamic portfolio balance macroeconomic model -- Rational expectations: some basic issues -- Rational expectations and policy neutrality -- Nonuniqueness issues in rational expectations models -- Rational expectations and saddlepoint behavior -- The stability of government deficit financing under rational expectations -- Macroeconomic stabilization policy under rational expectations -- 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 -- Continuous-time stochastic optimization -- A stochastic intertemporal model of a small open economy.
Summary: Methods of Macroeconomic Dynamics provides a comprehensive treatment of dynamic modeling for first- and second-year graduate students. It focuses on certain key macroeconomic models - selected from early as well as recent research - to teach students how dynamic modeling is used to analyze the effects of policy on economic growth and performance. Large portions of the text are devoted to rational expectations models and to the representative agent model in continuous time. Professionals will find the book useful as a reference that offers both a broad overview of the evolution of methods of macroeconomic dynamics and a detailed explanation of the technical aspects of the most recent dynamic models.
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Includes bibliographical references (p. [511]-525) and indexes.

Methods of Macroeconomic Dynamics provides a comprehensive treatment of dynamic modeling for first- and second-year graduate students. It focuses on certain key macroeconomic models - selected from early as well as recent research - to teach students how dynamic modeling is used to analyze the effects of policy on economic growth and performance. Large portions of the text are devoted to rational expectations models and to the representative agent model in continuous time. Professionals will find the book useful as a reference that offers both a broad overview of the evolution of methods of macroeconomic dynamics and a detailed explanation of the technical aspects of the most recent dynamic models.

Traditional macrodynamics -- A dynamic portfolio balance macroeconomic model -- Rational expectations: some basic issues -- Rational expectations and policy neutrality -- Nonuniqueness issues in rational expectations models -- Rational expectations and saddlepoint behavior -- The stability of government deficit financing under rational expectations -- Macroeconomic stabilization policy under rational expectations -- 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 -- Continuous-time stochastic optimization -- A stochastic intertemporal model of a small open economy.

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Methods of macroeconomic dynamics by Turnovsky, Stephen J. ©1995
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