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Dynamic Macroeconomic Analysis: Theory and Policy in General Equilibrium

Hardback

Main Details

Title Dynamic Macroeconomic Analysis: Theory and Policy in General Equilibrium
Authors and Contributors      Edited by Sumru Altug
Edited by Jagjit S. Chadha
Edited by Charles Nolan
Physical Properties
Format:Hardback
Pages:604
Dimensions(mm): Height 255,Width 179
Category/GenreMacroeconomics
International economics
ISBN/Barcode 9780521826686
ClassificationsDewey:339
Audience
Professional & Vocational
Illustrations 12 Tables, unspecified; 48 Line drawings, unspecified

Publishing Details

Publisher Cambridge University Press
Imprint Cambridge University Press
Publication Date 20 November 2003
Publication Country United Kingdom

Description

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.

Author Biography

Sumru Altug is Professor at Koc University, Turkey. She is the joint author of Dynamic Choice and Asset Markets (with Pamela Labadie), 1995. Jagjit Chadha is Lecturer in Economics at Cambridge University and Fellow of Clare College, Cambridge. Charles Nolan is Lecturer in the Department of Economics and Finance at the University of Durham.