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| Introduction | |
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| References and Suggested Readings | |
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| Real Dynamic Macroeconomic Models | |
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| Dynamic Programming | |
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| A General Intertemporal Problem | |
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| A Recursive Problem | |
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| Bellman's Equations | |
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| Nonstochastic Examples | |
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| The Optimal Linear Regulator Problem | |
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| Stochastic Control Problems | |
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| Examples of Stochastic Control Problems | |
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| The Stochastic Linear Optimal Regulator Problem | |
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| Dynamic Programming and Lucas's Critique | |
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| Dynamic Games and the Time Inconsistency Phenomenon | |
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| Conclusions | |
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| Exercises | |
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| References and Suggested Readings | |
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| Search Nonnegative | |
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| Random Variables | |
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| Stigler's Model of Search Sequential | |
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| Search for the Lowest Price | |
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| Mean-Preserving Spreads | |
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| Increases in Risk and the Reservation Price | |
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| Intertemporal Job Search | |
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| Waiting Times | |
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| Firing Jovanovic's | |
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| Matching Model | |
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| Conclusions | |
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| Exercises | |
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| References and Suggested Readings | |
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| Asset Prices and Consumption | |
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| Hall's Random Walk Theory of Consumption | |
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| The Random Walk Theory of Stock Prices | |
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| Lucas's Model of Asset Prices | |
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| Mehra and Prescott's | |
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| Finite-State Version of Lucas's Model Asset Pricing | |
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| More Generally | |
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| The Modigliani-Miller Theorem | |
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| Government Debt and the Ricardian Proposition | |
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| Remarks on Testing and Estimation | |
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| Conclusions | |
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| Exercises | |
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| References and Suggested Readings | |
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| Monetary Economics and Government Finance | |
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| Currency in the Utility Function | |
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| The Price of Inconvertible | |
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| Government Currency in Lucas's | |
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| Tree Model Issues and Models in Monetary Economics | |
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| Government Debt in the Utility Function | |
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| Government Currency in the Utility Function | |
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| Seignorage and the Optimum Quantity of Currency | |
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| A Neutrality Proposition | |
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| Conclusions | |
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| References and Suggested Readings | |
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| Cash-in-Advance Models | |
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| A One-Country Model | |
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| Fisher Equations | |
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| Inflation-Indexed | |
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| Government Debt Interactions of Monetary and Fiscal Policies Interest on Reserves | |
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| A Two-Country Model | |
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| Exchange Rate Indeterminacy | |
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| Conclusions | |
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| Exercises | |
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| References and Suggested Readings | |
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| Credit and Currency with Long-Lived Agents | |
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| The Physical Setup Optimal Allocations Competitive Equilibrium | |
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| A Digression on the Balances of Trade and Payments | |
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| The Ricardian Doctrine about Taxes and Government Debt | |
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| The Model with Valued Currency and No Private Debt | |
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| An Interventionist Optimal Monetary Equilibrium | |
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| Townsend's "Turnpike" Interpretation | |
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| Conclusions | |
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| Exercises | |
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| References and Suggested Readings | |
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| Credit and Currency with Overlapping Generations | |
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| The Overlapping-Generations Model | |
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| The Ricardian Doctrine about Taxes and Government Debt Again | |
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| A Ricardian Proposition Currency, Bonds, and Open-Market | |
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| Operations Computing Equilibria Interpretations as Currency | |
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| Equilibria Optimality | |
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| Four Examples on Inflation and Its Causes | |
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| Seignorage and the Laffer Curve | |
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| Dynamics of Seignorage Forced Saving International Exchange Rates | |
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| Conclusions | |
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| Exercises | |
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| References and Suggested Readings | |
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| Government Finance in Stochastic | |
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| Overlapping-Generations Models | |
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| The Economy Some Examples | |
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| A General Irrelevance Theorem Wallace's Modigliani-M | |