Methods of Macroeconomic Dynamics is popular PDF and ePub book, written by Stephen J. Turnovsky in 2000, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Methods of Macroeconomic Dynamics can be Read Online from any device for your convenience.
Methods of Macroeconomic Dynamics Book PDF Summary
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 The book includes cutting-edge research and unpublished data, including much of the author's own work.
Detail Book of Methods of Macroeconomic Dynamics PDF
- Author : Stephen J. Turnovsky
- Release : 29 September 2024
- Publisher : MIT Press
- ISBN : 0262201232
- Genre : Business & Economics
- Total Page : 698 pages
- Language : English
- PDF File Size : 15,8 Mb
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