Jagjit Chadha
Gebundenes Buch

Dynamic Macroeconomic Analysis

Theory and Policy in General Equilibrium

Herausgeber: Altug, Sumru; Nolan, Charles
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Short description/annotationA survey of key issues relevant for the analysis of modern dynamic economies.Main descriptionDynamic 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 sufficient...