Macroeconomics - 2nd Edition: An Integrated Approach

Alan J. Auerbach; Laurence J. Kotlikoff

ISBN 10: 0262011700 / ISBN 13: 9780262011709

Published by Mit Pr, 1998

May have limited writing in cover pages. Pages are unmarked. ~ ThriftBooks: Read More, Spend Less. Seller Inventory # G0262011700I4N00

Synopsis:

Many undergraduate texts treat macroeconomics as a set of distinct topics rather than as a unified body of theory and empirical findings. In contrast, this text by Alan Auerbach and Laurence Kotlikoff uses a single analytic framework -- the two-period life-cycle model -- to explore and connect each of the major issues in contemporary macroeconomics. The model describes the evolution of the economy over time in terms of the behavior of overlapping generations of individuals, each of whom lives for two periods: youth and old age. This versatile framework can encompass most macroeconomic schools of thought through the alteration of key assumptions. The use of one basic model also allows the authors to explore important topics not always addressed adequately in other texts; these include credit constraints, real business cycles, generational accounting, and international capital flows markets.

Written in a clear, accessible style, this shortened and simplified second edition provides a systematic way to interpret macroeconomic outcomes, to understand various policy proposals, and to appreciate how individuals and firms fit into the big picture.

About the Author: Alan J. Auerbach is the Robert D. Burch Professor of Economics and Law at the University of California, Berkeley. Laurence J. Kotlikoff is Professor of Economics at Boston University.

Bibliographic Details

Title: Macroeconomics - 2nd Edition: An Integrated ...
Publisher: Mit Pr
Publication Date: 1998
Binding: Hardcover
Condition: Very Good
Dust Jacket Condition: No Jacket