Monetary and Fiscal Policy
The Exchange Rate and Foreign Wealth
by Patrizio Tirelli
ISBN: 031208529X
ISBN-13: 9780312085292
Format: Hardcover
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Bibliographic Details
Publisher: Palgrave Macmillan
Published date: 1993
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Methods of Macroeconomics Dynamics
by Stephen J. Turnovsky
Stephen Turnovsky has made numerous important contributions to the field of intertemporal general equilibrium macroeconomics. This new text contains the core of his work and stands apart from other related texts in its treatment of rational expectations methods and its rigorous analysis of policy issues, an overarching concern that runs through the different models. Methods of Macroeconomic Dynamics provides a comprehensive treatment of dynamic modeling for first- and second-year graduate students. It focuses on certain key macroeconomic models -- selected from early as well as recent research - to teach students how dynamic modeling is used to analyze the effects of policy on economic growth and performance. Large portions of the text are devoted to rational expectations models and to the representative agent model in continuous time. Professionals will find the book useful as a reference that offers both a broad overview of the evolution of methods of macroeconomic dynamics and a detailed explanation of the technical aspects of the most recent dynamic models. Organized in four parts, chapters cover traditional macrodynamics, rational expectations, intertemporal optimization and, in what is perhaps the most novel aspect, continuous-time stochastic models. These models have the attractive feature of enabling issues where risk plays a central role -- such as corporate finance and asset privacy -- to be integrated into the macroeconomic system in a comprehensive yet transparent way. Part I condenses much of the material in the author's earlier text, Macroeconomic Analysis and Stabilization Policy (1977), while part II updates some of the subject matter of that text in light of more recent developments. Parts III and IV deal with current topics in macroeconomics, with an emphasis on distortionary taxation, endogenous growth, and open economy issues.
Methods of Macroeconomic Dynamics
by Stephen J. Turnovsky
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.
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THE MAD COURTESAN
Marston, Edward
St. Martins NY, 1992. Clean and straight. Top edge stamp. Typical library pouch etc.. Stated 1st Edition. Hard Cover XLibrary. Very Good/Like New/w Brodart Cover. 15. Fiction - Suspense. ( more information)
Offered by FAB BOOKS (United States)
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