• Title: Dynamic Macroeconomic Theory
  • Author: Thomas J. Sargent
  • ISBN: 9780674218772
  • Page: 498
  • Format: Hardcover
  • Dynamic Macroeconomic Theory Economics A new book by Sargent is an important event for macroeconomists His Macroeconomic Theory has influenced teaching and research in graduate schools for nearly a decade.His new book, quite different from the first one, is likely to have as much influence. Macroeconomic Theory A Dynamic General Equilibrium Macroeconomic Theory is the most up to date graduate level macroeconomics textbook available today This revised second edition emphasizes the general equilibrium character of macroeconomics to explain effects across the whole economy while taking into account recent research in the field. Dynamic stochastic general equilibrium Dynamic stochastic general equilibrium modeling abbreviated as DSGE, or DGE, or sometimes SDGE is a method in macroeconomics that attempts to explain economic phenomena, such as economic growth and business cycles, and the effects of economic policy, through econometric models based on applied general equilibrium theory and microeconomic principles Macroeconomic model A macroeconomic model is an analytical tool designed to describe the operation of the economy of a country or a region These models are usually designed to examine the dynamics of aggregate quantities such as the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the level of prices Matthias Doepke Northwestern University Bargaining over Babies Theory, Evidence, and Policy Implications With Fabian Kindermann Abstract It takes a woman and a man to make a baby This fact suggests that for a birth to take place, the parents should first agree on wanting a child. Economic Research Federal Reserve Bank of San Francisco Preliminary versions of economic research The Euro Crisis in the Mirror of the EMS How Tying Odysseus to the Mast Avoided the Sirens but Led Him to Charybdis Lecture Notes Online EconWiki Microeconomics Consumers, firms, and general equilibrium Arne Hallam Iowa State , Microeconomics Nolan Miller Harvard , Lecture Notes on Microeconomic Theory Robert Nau Duke , Seminar in Choice Theory Sten Nyberg SSE , Advanced Microeconomics Ariel Rubinstein Tel Aviv , Lecture Notes in Microeconomic Theory The Economic Agent Max Stinchcombe Texas , Single Person and Multi Home Page of Peter C.B Phillips PERSONAL INFORMATION Full Name Peter Charles Bonest Phillips Affiliations Yale University Sterling Professor of Economics Professor of Statistics Macroeconomic Default Modeling and Stress Testing Macroeconomic Default Modeling and Stress Testing Dietske Simons and Ferdinand Rolwes De Nederlandsche Bank This paper applies a macroeconomic based model for esti Research Bank of England Outstanding research and analysis underpins everything we do, from policymaking to providing secure banknotes The Bank aims to attract and develop world class researchers and foster an environment that supports creative freedom and engagement with global research communities.

    Dynamic Macroeconomic Theory The tasks of macroeconomics are to interpret observations on economic aggregates in terms of the motivations and constraints of economic agents and to predict the consequences of alternative hypotheti
    The tasks of macroeconomics are to interpret observations on economic aggregates in terms of the motivations and constraints of economic agents and to predict the consequences of alternative hypothetical ways of administering government economic policy General equilibrium models form a convenient context for analyzing such alternative government policies In the past tenThe tasks of macroeconomics are to interpret observations on economic aggregates in terms of the motivations and constraints of economic agents and to predict the consequences of alternative hypothetical ways of administering government economic policy General equilibrium models form a convenient context for analyzing such alternative government policies In the past ten years, the strengths of general equilibrium models and the corresponding deficiencies of Keynesian and monetarist models of the 1960s have induced macroeconomists to begin applying general equilibrium models.This book describes some general equilibrium models that are dynamic, that have been built to help interpret time series of observations of economic aggregates and to predict the consequences of alternative government interventions The first part of the book describes dynamic programming, search theory, and real dynamic capital pricing models Among the applications are stochastic optimal growth models, matching models, arbitrage pricing theories, and theories of interest rates, stock prices, and options The remaining parts of the book are devoted to issues in monetary theory currency in utility function models, cash in advance models, Townsend turnpike models, and overlapping generations models are all used to study a set of common issues By putting these models to work on concrete problems in exercises offered throughout the text, Sargent provides insights into the strengths and weaknesses of these models of money An appendix on functional analysis shows the unity that underlies the mathematics used in disparate areas of rational expectations economics.This book on dynamic equilibrium macroeconomics is suitable for graduate level courses a companion book, Exercises in Dynamic Macroeconomic Theory, provides answers to the exercises and is also available from Harvard University Press.

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