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Methods of Macroeconomic Dynamics

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ISBN-10: 0262201232

ISBN-13: 9780262201230

Edition: 2nd 2000

Authors: Stephen J. Turnovsky

List price: $80.00
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Description:

This revised edition addresses the issues of the overall economy within a changing or dynamic framework, and the change, over time, in the models themselves. Also covering such subjects as optimal monetary and fiscal policy and growth theory.
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Book details

List price: $80.00
Edition: 2nd
Copyright year: 2000
Publisher: MIT Press
Publication date: 1/18/2000
Binding: Hardcover
Pages: 686
Size: 7.50" wide x 9.75" long x 1.50" tall
Weight: 2.684
Language: English

Theo S. Eicher is Associate Professor of Economics at the University of Washington.Stephen J. Turnovsky is Professor of Economics at the University of Washington.

Preface to Second Edition
Preface to First Edition
Introduction and Overview
Traditional Macrodynamics
A Dynamic Portfolio Balance Macroeconomic Model
Rational Expectations
Rational Expectations: Some Basic Issues
Rational Expectations and Policy Neutrality
Nonuniqueness Issues in Rational Expectations Models
Macroeconomic Stabilization Policy under Rational Expectations
Rational Expectations and Saddlepoint Behavior
Intertemporal Optimization
The Representative Agent Model
Equilibrium in a Decentralized Economy with Distortionary Taxes and Inflation
A Dynamic Analysis of Taxes
The Representative Agent in the International Economy
Optimal Monetary and Fiscal Policy
Endogenous Growth Models
Endogenous Growth Models and Balanced Growth Paths
Long-Run Growth and Transitional Dynamics
Continuous-Time Stochastic Models
Cotinuous-Time Stochastic Optimization
A Stochastic Intertemporal Model of a Small Open Economy
References
Name Index
Subject Index
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