Introduction to Dynamic Macroeconomic Theory An Overlapping Generations Approach

ISBN-10: 0674461118
ISBN-13: 9780674461116
Edition: 1991
List price: $82.50
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Book details

List price: $82.50
Copyright year: 1991
Publisher: Harvard University Press
Publication date: 1/1/1992
Binding: Hardcover
Pages: 384
Size: 6.75" wide x 9.75" long x 1.25" tall
Weight: 1.430
Language: English

Preface
Real Economies
Describing the Enviroment Time
The Population
Total Resources Feasible
Consumption Allocations
Efficient Consumption Allocations
Preferences Pareto Optimality Reprise
Competitive Equilibrium Private
Ownership Competitive Intragenerational
Trade Consumption Decisions
An Example Savings Function Competitive Equilibrium
An Example of a Competitive Equilibrium Reprise
Introducing a Government Taxes Government
Borrowing Ricardian Equivalence
Rolling Over Government Debt
Equivalence between Equilibria with Bonds and Tax-Transfer
Schemes Reprise
Appendix: Proof of Ricardian Equivalence
Bequests Generation 0
Cares about Generation 1
Diversity within Generations
All Generation Care about
Their Children Reprise
Long-Term Government Bonds k-Period
Bonds Temporary Equilibrium
Perfect Foresight
Term Structure of Interest Rates Reprise
Infinitely Lived Assets
Temporary Equilibrium with Land An Example
A Price Function Perfect
Foresight Competitive Equilibria
Three Example Economies
The Price of Land and the Crop International Capital Movements Reprise
Equilibrium Fluctuations Real Cycles Multiple
Nonstationary Equilibria Equilibria with the Crop Reprise
A Storage Technology Feasible
Allocations Competitive Equilibrium Finding a Competitive Equilibrium Reprise
The Neoclassical Growth Model
The Physical Environment and the Feasible
Allocations Equilibrium Outputs, Inputs, and Factor Rentals at Each Date
The Individual Choice Decision under Perfect Foresight
A Definition of Equilibrium Equilibrium Paths when n=1 and g=0 Equilibrium Paths when n>1 and g=0 Equilibrium Paths when n=1 and g>0
Differential Savings Rates Reprise
Monetary Economies
Money and Inflation Equilibria with fixed Money
Supply Fiat Money and Other Assets
Inflation Money Creation and Inflation
Seignorage Nonoptimality of Seignorage Reprise
Multiple Currencies and Exchange Rates
Independence with Laissez-Faire Floating Rates Seignorage in a Multiple
Money World Portfolio Autarky Regimes Reprise
Legal Restrictions and Monetary Policy
Comsumption Choice under Credit Controls
Equilibrium Conditions under Credit Controls Monetary Policy
The Government Individual Choice with Requirements and No Government
Bonds Equilibrium with Reserve Requirements and No Government
Bonds A Two-Group Example of a Binding Equilibrium
Large Denomination Bonds Stationary Equilibrium with Large Denomination
Bonds Reprise
References
Index

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