An attempt to revitalize the traditions of nonmarket clearing approaches to macroeconomics. Using tools from dynamic analysis, the text introduces a consistent, integrated framework for disequilibrium macroeconomic dynamics and explore its relationship to the competing equilibrium dynamics.
Thomas J. Sargent. Hansen , Lars P. , and Kenneth J. Singleton . 1982. Generalized instrumental variables estimation of ... Sims , Christopher A. 1972. Money , income , and causality . American Economic Review 62 ( 4 ) : 540-552 .
This title provides the student with key methodological tools for the dynamic analysis of a core selection of macroeconomic phenomena, including consumption and investment choices, employment and unemployment outcomes, and economic growth.
By bridging the gap between undergraduate economics and modern microfounded macroeconomic research, this book will be of interest to graduate students in economics, and as a technical reference for economic researchers.
Economies are constantly in flux, and economists have long sought reliable means of analyzing their dynamic properties. This book provides a succinct and accessible exposition of modern dynamic (or intertemporal) macroeconomics.
This is a book on stochastic dynamic macroeconomics from a Keynesian perspective.
This is a book on stochastic dynamic macroeconomics from a Keynesian perspective.
This thesis was stimulated throughout the time of my participation in a research project on Dynamic Macroeconomics, supported by the German Research Foundation (DFG).
In this edition, he also examines issues raised by the most recent financial crisis, and two new chapters explore banks, financial intermediation, and unconventional monetary policy, as well as modern theories of unemployment.
International Macroeconomic Dynamics provides extensive applications of important macroeconomic dynamic models to the international economy.
This book is a companion volume to Dynamic Macroeconomic Theory by Thomas J. Sargent.