Dynamic Macroeconomic Analysis Theory and Policy in General Equilibrium
- Textbook
Description
Dynamic stochastic general equilibrium (DSGE) models have begun to dominate the field of macroeconomic theory and policy-making. These models describe the evolution of macroeconomic activity as a recursive sequence of outcomes based upon the optimal decision rules of rational households, firms and policy-makers. Whilst posing a micro-founded dynamic optimisation problem for agents under uncertainty, such models have been shown to be both analytically tractable and sufficiently rich for meaningful policy analysis in a wide class of macroeconomic problems, for example,…
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Key features
- The book summarises major research breakthroughs and provides a road map to the future of macroeconomics
- Each chapter has a bearing on current policy questions
- It reflects the disparate viewpoints of leading researchers who have written specially commissioned chapters
About the book
- DOI https://doi.org/10.1017/9781139165235
- Subjects Economic Theory,Economics,Optimization, OR and risk,Statistics and Probability
- Format: Hardback
- Publication date: 08 December 2003
- ISBN: 9780521826686
- Dimensions (mm): 247 x 174 mm
- Weight: 1.363kg
- Contains: 48 b/w illus. 12 tables
- Page extent: 604 pages
- Availability: Available
- Format: Paperback
- Publication date: 24 November 2003
- ISBN: 9780521534031
- Dimensions (mm): 247 x 174 mm
- Weight: 0.96kg
- Contains: 48 b/w illus. 12 tables
- Page extent: 612 pages
- Availability: Available
- Format: Digital
- Publication date: 13 September 2019
- ISBN: 9781139165235
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