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 The book includes cutting-edge research and unpublished data, including much of the author's own work.

About the Author

Stephen J. Turnovsky is Professor of Economics at the University of Washington.

"About this title" may belong to another edition of this title.

Store Description

Australian Book seller. Weide varierty of fiction and non-fiction books

Visit Seller's Storefront

Seller's business information

sadia zaki
21, harriet court, Salisbury Plain, SA, 5107, Australia

Sale & Shipping Terms

Terms of Sale

Ships from Australia , USA and India

Shipping Terms

Shipping rates are for 1 KG book. For heavy items additional charges may be requested

Shipping rates from Australia to U.S.A.

Shipping rates from Australia to U.S.A.
Order quantity	4 to 13 business days	3 to 6 business days
First item	US$ 0.00	US$ 15.00

Delivery times are set by sellers and vary by carrier and location. Orders passing through Customs may face delays and buyers are responsible for any associated duties or fees. Sellers may contact you regarding additional charges to cover any increased costs to ship your items.