Dynamic Macroeconomic Analysis: - Theory and Policy in General Equilibrium.

Chadha, Jagjit S. and Nolan, Charles and Altug, Sumru, eds. (2003) Dynamic Macroeconomic Analysis: - Theory and Policy in General Equilibrium. Cambridge University Press, Cambridge, 601 pp. ISBN 0521534038. (The full text of this publication is not available from this repository)

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Abstract

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, monetary and fiscal policy, economic cycles and growth and capital flows. This volume collects specially commissioned papers from leading researchers, which pull together some of the key recent results in diverse areas. This book will promote research using optimising models and inform researchers, post-graduate students and economists in policy-oriented organisations of some of the key findings and policy implications.

Item Type: Edited book
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculties > Social Sciences > School of Economics
Depositing User: Jagjit Chadha
Date Deposited: 11 Sep 2008 11:01
Last Modified: 14 May 2014 11:19
Resource URI: http://kar.kent.ac.uk/id/eprint/10938 (The current URI for this page, for reference purposes)
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