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Dynamic Macroeconomic Analysis Theory and Policy in General Equilibrium

Authors

Edited by Sumru Altug, Koç University, Istanbul, Jagjit S. Chadha, National Institute of Economic and Social Research, Charles Nolan, University of Durham
Published 2003

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,…

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Key features

  • The book summarises major research breakthroughs and provides a road map to the future of macroeconomics
  • Each chapter has a bearing on current policy questions
  • It reflects the disparate viewpoints of leading researchers who have written specially commissioned chapters

About the book

  • DOI https://doi.org/10.1017/9781139165235
  • Subjects Economic Theory,Economics,Optimization, OR and risk,Statistics and Probability
  • Format: Hardback
    • Publication date: 08 December 2003
    • ISBN: 9780521826686
    • Dimensions (mm): 247 x 174 mm
    • Weight: 1.363kg
    • Contains: 48 b/w illus. 12 tables
    • Page extent: 604 pages
    • Availability: Available
  • Format: Paperback
    • Publication date: 24 November 2003
    • ISBN: 9780521534031
    • Dimensions (mm): 247 x 174 mm
    • Weight: 0.96kg
    • Contains: 48 b/w illus. 12 tables
    • Page extent: 612 pages
    • Availability: Available
  • Format: Digital
    • Publication date: 13 September 2019
    • ISBN: 9781139165235

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