This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. In good all round condition. No dust jacket. Library sticker on front cover. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,1300grams, ISBN:0262201232.

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Bibliographic Details

Title

Methods of Macroeconomic Dynamics

Publisher

MIT Press

Publication Date

2000

Language

English

ISBN 10

0262201232

ISBN 13

9780262201230

Binding

Hardcover

Condition

Good

Weight

1300 grams

Seller catalogs

Economics

About this title

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 The book includes cutting-edge research and unpublished data, including much of the author's own work.

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.

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