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Introduction to Dynamic Macroeconomic Theory: An Overlapping Generations Approach by Neil Wallace, George McCandless (Hardcover, 1992)

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This book provides a succinct and accessible exposition of modern dynamic (or intertemporal) macroeconomics.

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Economies are constantly in flux, and economists have long sought reliable means of analyzing their dynamic properties. This book provides a succinct and accessible exposition of modern dynamic (or intertemporal) macroeconomics. The authors use a microeconomics-based general equilibrium framework, specifically the overlapping generations model, which assumes that in every period there are two generations which overlap. This model allows the authors to fully describe economies over time and to employ traditional welfare analysis to judge the effects of various policies. By choosing to keep the mathematical level simple and to use the same modeling framework throughout, the authors are able to address many subtle economic issues. They analyze savings, social security systems, the determination of interest rates and asset prices for different types of assets, Ricardian equivalence, business cycles, chaos theory, investment, growth, and a variety of monetary phenomena. Introduction to Dynamic Macroeconomic Theory will become a classic of economic exposition and a standard teaching and reference tool for intertemporal macroeconomics and the overlapping generations model. The writing is exceptionally clear. Each result is illustrated with analytical derivations, graphically, and by worked out examples. Exercises, which are strategically placed, are an integral part of the book.

Product Identifiers

Publisher
Harvard University Press
ISBN-13
9780674461116
eBay Product ID (ePID)
94548542

Product Key Features

Author
Neil Wallace, George Mccandless
Publication Name
Introduction to Dynamic Macroeconomic Theory: an Overlapping Generations Approach
Format
Hardcover
Language
English
Subject
Economics
Publication Year
1992
Type
Textbook
Number of Pages
384 Pages

Dimensions

Item Height
235mm
Item Width
156mm
Item Weight
667g

Additional Product Features

Title_Author
George Mccandless, Neil Wallace
Country/Region of Manufacture
United States

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item 1 Introduction to Dynamic Macroeconomic Theory: An Overlapping Generations Approac
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item 2 George McCandless Nei Introduction to Dynamic Macroeconom (Hardback) (US IMPORT)
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Picture 1 of 1

Introduction to Dynamic Macroeconomic Theory: An Overlapping Generations Approach by Neil Wallace, George McCandless (Hardcover, 1992)

About this product

Product Information

Product Identifiers

Product Key Features

Dimensions

Additional Product Features

All listings for this product

item 1 Introduction to Dynamic Macroeconomic Theory: An Overlapping Generations Approac

item 2 George McCandless Nei Introduction to Dynamic Macroeconom (Hardback) (US IMPORT)

Best Selling in Adult Learning & University

1871-2021 History Debunked: How Wars and the Scapegoat for Zionism Were Created by Rowald Holt (Paperback, 2020)

Doug Stone's Gold Atlas of Victoria by Douglas M. Stone (Spiral Bound, 2011)

Australian Master Bookkeepers Guide - 8th Edition by Stephen J Marsden (Paperback, 2020)

Dirt to Soil: One Family's Journey into Regenerative Agriculture by Gabe Brown (Paperback, 2018)

The Ethnic Cleansing of Palestine by Ilan Pappe (Paperback, 2007)

Sapiens: A Brief History of Humankind by Yuval Noah Harari (Paperback, 2015)

Reinforced Concrete Basics: Analysis and Design of Reinforced Concrete Structures by Robert Warner, Stephen Foster, Andrew Kilpatrick (Paperback, 2021)

Save on Adult Learning & University

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