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Synopsis
Just as macroeconomic models describe the overall economy within a changing, or dynamic, framework, the models themselves change over time. In this text Stephen J. Turnovsky reviews in depth several early models as well as a representation of more recent models. They include traditional (backward-looking) models, linear rational expectations (future-looking) models, intertemporal optimization models, endogenous growth models, and continuous time stochastic models. The author uses examples from both closed and open economies. Whereas others commonly introduce models in a closed context, tacking on a brief discussion of the model in an open economy, Turnovsky integrates the two perspectives throughout to reflect the increasingly international outlook of the field. This new edition has been extensively revised. It contains a new chapter on optimal monetary and fiscal policy, and the coverage of growth theory has been expanded substantially. The range of growth models considered has been extended, with particular attention devoted to transitional dynamics and nonscale growth. The book includes cutting-edge research and unpublished data, including much of the author's own work.
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About the Author
Stephen J. Turnovsky is Professor of Economics at the University of Washington.
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Methods of Macroeconomic Dynamics
Seller: Better World Books Ltd, Dunfermline, United Kingdom
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Condition: Very Good. Ships from the UK. Former library book; may include library markings. Used book that is in excellent condition. May show signs of wear or have minor defects. Seller Inventory # GRP82561532
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Methods of macroeconomic dynamics / Stephen J. Turnovsky
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Cambridge, Mass. : MIT Press, 1995
ISBN 10: 0262200988
ISBN 13: 9780262200981
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First Edition
Seller: MW Books, New York, NY, U.S.A.
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1st edition. Near fine cloth copy in a near-fine, very slightly edge-dulled dust wrapper. Remains particularly well-preserved overall; tight, bright, clean and strong. Physical description; 535 pp. Contents; I. Introduction and Overview. 1. Traditional Macrodynamics. 2. A Dynamic Portfolio Balance Macroeconomic Model -- II. Rational Expectations. 3. Rational Expectations: Some Basic Issues. 4. Rational Expectations and Policy Neutrality. 5. Nonuniqueness Issues in Rational Expectations Models. 6. Rational Expectations and Saddlepoint Behavior. 7. The Stability of Government Deficit Financing under Rational Expectations. 8. Macroeconomic Stabilization Policy under Rational Expectations -- III. Intertemporal Optimization. 9. The Representative Agent Model. 10. Equilibrium in a Decentralized Economy with Distortionary Taxes and Inflation. 11. A Dynamic Analysis of Taxes. 12. The Representative Agent Model in the International Economy. 13. An Introduction to Endogenous Growth Models -- IV. Continuous-Time Stochastic Models. 14. Continuous-Time Stochastic Optimization. 15. A Stochastic Intertemporal Model of a Small Open Economy. Subjects; Macroeconomics Mathematical models. Statics and dynamics (Social sciences). Economic Theory. Business & Economics. Rational expectations. 1 Kg. Seller Inventory # 386335
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Methods of macroeconomic dynamics / Stephen J. Turnovsky
Published by
Cambridge, Mass. : MIT Press, 1995
ISBN 10: 0262200988
ISBN 13: 9780262200981
Used
Hardcover
First Edition
Seller: MW Books Ltd., Galway, Ireland
Seller rating 5 out of 5 stars
1st edition. Near fine cloth copy in a near-fine, very slightly edge-dulled dust wrapper. Remains particularly well-preserved overall; tight, bright, clean and strong. Physical description; 535 pp. Contents; I. Introduction and Overview. 1. Traditional Macrodynamics. 2. A Dynamic Portfolio Balance Macroeconomic Model -- II. Rational Expectations. 3. Rational Expectations: Some Basic Issues. 4. Rational Expectations and Policy Neutrality. 5. Nonuniqueness Issues in Rational Expectations Models. 6. Rational Expectations and Saddlepoint Behavior. 7. The Stability of Government Deficit Financing under Rational Expectations. 8. Macroeconomic Stabilization Policy under Rational Expectations -- III. Intertemporal Optimization. 9. The Representative Agent Model. 10. Equilibrium in a Decentralized Economy with Distortionary Taxes and Inflation. 11. A Dynamic Analysis of Taxes. 12. The Representative Agent Model in the International Economy. 13. An Introduction to Endogenous Growth Models -- IV. Continuous-Time Stochastic Models. 14. Continuous-Time Stochastic Optimization. 15. A Stochastic Intertemporal Model of a Small Open Economy. Subjects; Macroeconomics Mathematical models. Statics and dynamics (Social sciences). Economic Theory. Business & Economics. Rational expectations. 1 Kg. Seller Inventory # 386335
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Methods of Macroeconomics Dynamics
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Condition: Gut. 535 Seiten ex Library Book / aus einer wissenschafltichen Bibliothek / Sprache: Englisch Gewicht in Gramm: 1292 25,8 x 18,6 x 4,2 cm, Gebundene Ausgabe. Seller Inventory # 363875
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Methods of Macroeconomics Dynamics
Seller: NEPO UG, Rüsselsheim am Main, Germany
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Condition: Gut. 535 Seiten Sprache: Englisch Gewicht in Gramm: 1292 25,8 x 18,6 x 4,2 cm, Gebundene Ausgabe. Seller Inventory # 346621
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Methods of macroeconomic dynamics. Ex-Library.
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MIT Press, Cambridage, Mass. & London, 1995
ISBN 10: 0262200988
ISBN 13: 9780262200981
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Hardcover. Condition: Good. xiv, 535 p. 4to. Seller Inventory # GU2348
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Methods of Macroeconomic Dynamics.
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Condition: very good. MIT Press. 1995. Hardcover with dj. xiv,535pp. Index. Condition: very good, clean and unread copy. Condition : very good copy. ISBN 9780262200981. Keywords : ECONOMICS, macroeconomic models. Seller Inventory # 235844
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