Intertemporal Macroeconomic Models, Money and Regional Choice (Innbundet)


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Innbinding: Innbundet
Utgivelsesår: 2000
Antall sider: 288
Forlag: Palgrave Macmillan
Språk: Engelsk
ISBN/EAN: 9780333778142
Omtale: Intertemporal Macroeconomic Models, Money and Regional Choice
Intertemporal macroeconomics relies on microeconomics and general equilibrium analysis to describe choices of agents over a long period of time, perhaps infinitely long. To this, methods of growth theory are linked and the effects of policy interventions are examined as the interaction between decisions of agents and policy interventions. Two basic approaches are explored: models of infinitely-lived agents (Cass-Ramsey-Koopmans approach) and models of overlapping-generations (Allais-Fisher-Samuelson approach). In addition to fiscal policy, the more controversial questions concerning monetary models and monetary policies are considered. The book offers a framework and a systematic exploration of these and related questions. It also introduces models of endogenous growth, both real and monetary.

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