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Introduction to Dynamic Macroeconomic Theory: An Overlapping Generations App...
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A book that has been read and does not look new, but is in excellent condition. No obvious damage to the book cover, with the dust jacket (if applicable) included for hard covers. No missing or damaged pages, no creases or tears, no underlining or highlighting of text, and no writing in the margins. Some identifying marks on the inside cover, but this is minimal. Very little wear and tear. See the seller’s listing for full details and description of any imperfections.
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eBay item number:156473322932
Item specifics
- Condition
- Release Year
- 1992
- Book Title
- Introduction to Dynamic Macroeconomic Theory: An Overlapping G...
- ISBN
- 9780674461116
About this product
Product Identifiers
Publisher
Harvard University Press
ISBN-10
0674461118
ISBN-13
9780674461116
eBay Product ID (ePID)
964852
Product Key Features
Number of Pages
384 Pages
Language
English
Publication Name
Introduction to Dynamic Macroeconomic Theory : an Overlapping Generations Approach
Publication Year
1992
Subject
Economics / Macroeconomics, Economics / General
Type
Textbook
Subject Area
Business & Economics
Format
Hardcover
Dimensions
Item Height
0.1 in
Item Weight
24.1 Oz
Item Length
0.9 in
Item Width
0.6 in
Additional Product Features
Intended Audience
Scholarly & Professional
LCCN
90-027439
Dewey Edition
20
Illustrated
Yes
Dewey Decimal
339
Table Of Content
Preface PART ONE: REAL ECONOMIES 1. Describing the EnviromentTime The Population Total Resources Feasible Consumption Allocations Efficient Consumption Allocations Preferences Pareto Optimality Reprise 2. Competitive Equilibrium Private Ownership Competitive Intragenerational Trade Consumption Decisions An Example Savings Function Competitive Equilibrium An Example of a Competitive Equilibrium Reprise 3. Introducing a Government Taxes Government Borrowing Ricardian Equivalence Rolling Over Government Debt Equivalence between Equilibria with Bonds and Tax-Transfer Schemes Reprise Appendix: Proof of Ricardian Equivalence 4. Bequests Generation 0 Cares about Generation 1 Diversity within Generations All Generation Care about Their Children Reprise 5. Long-Term Government Bonds k-Period Bonds Temporary Equilibrium Perfect Foresight Term Structure of Interest Rates Reprise 6. Infinitely Lived Assets Temporary Equilibrium with Land An Example A Price Function Perfect Foresight Competitive Equilibria Three Example Economies The Price of Land and the Crop International Capital Movements Reprise 7. Equilibrium Fluctuations Real Cycles Multiple Nonstationary Equilibria Equilibria with the Crop Reprise 8. A Storage Technology Feasible Allocations Competitive Equilibrium Finding a Competitive Equilibrium Reprise 9. The Neoclassical Growth Model The Physical Environment and the Feasible Allocations Equilibrium Outputs, Inputs, and Factor Rentals at Each Date The Individual Choice Decision under Perfect Foresight A Definition of Equilibrium Equilibrium Paths when n=1 and g=0 Equilibrium Paths when n>1 and g=0 Equilibrium Paths when n=1 and g>0 Differential Savings Rates Reprise PART TWO: MONETARY ECONOMIES 10. Money and Inflation Equilibria with fixed Money Supply Fiat Money and Other Assets Inflation Money Creation and Inflation Seignorage Nonoptimality of Seignorage Reprise 11. Multiple Currencies and Exchange Rates Independence with Laissez-Faire Floating Rates Seignorage in a Multiple Money World Portfolio Autarky Regimes Reprise 12. Legal Restrictions and Monetary Policy Comsumption Choice under Credit Controls Equilibrium Conditions under Credit Controls Monetary Policy The Government Individual Choice with Requirements and No Government Bonds Equilibrium with Reserve Requirements and No Government Bonds A Two-Group Example of a Binding Equilibrium Large Denomination Bonds Stationary Equilibrium with Large Denomination Bonds Reprise References Index
Synopsis
Economies are constantly in flux, and economists have long sought reliable means of analyzing their dynamic properties. This book provides a succinct and accessible exposition of modern dynamic (or intertemporal) macroeconomics. The authors use a microeconomics-based general equilibrium framework, specifically the overlapping generations model, which assumes that in every period there are two generations which overlap. This model allows the authors to fully describe economies over time and to employ traditional welfare analysis to judge the effects of various policies. By choosing to keep the mathematical level simple and to use the same modeling framework throughout, the authors are able to address many subtle economic issues. They analyze savings, social security systems, the determination of interest rates and asset prices for different types of assets, Ricardian equivalence, business cycles, chaos theory, investment, growth, and a variety of monetary phenomena. Introduction to Dynamic Macroeconomic Theory will become a classic of economic exposition and a standard teaching and reference tool for intertemporal macroeconomics and the overlapping generations model. The writing is exceptionally clear. Each result is illustrated with analytical derivations, graphically, and by worked out examples. Exercises, which are strategically placed, are an integral part of the book.
LC Classification Number
HB172.5.M366 1991
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Seller Feedback (13,292)
- 1***1 (19)- Feedback left by buyer.Past 6 monthsVerified purchaseIt's on me for not reading the description of this being an ex-library copy. I was expecting it to be, but that's completely my fault. The product is exactly as described, in good condition and of good quality. Shipping was fast. Appearance good, no pages ripped and cover is not bent. It was sent in a bag instead of a box, though, which could have led to damage in shipping. Overall I'm happy and would buy from this seller again.
- h***h (243)- Feedback left by buyer.Past monthVerified purchaseThe book was noted as in a very good condition. When I received it, it had several pages of underlining. I contacted the seller and send them copies of the pages. They apologized for their oversight and rectified the issue. I appreciate the prompt communication and rectification of the issue. thanks.
- b***g (920)- Feedback left by buyer.Past 6 monthsVerified purchaseFantastic purchasing experience; sent as described as was the condition upon arrival; price and shipping (if any was charged) were reasonable. This author has been at the top of my list for quite a while as a favorite. This seller checks all the boxes!
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Seller Feedback (13,292)
- 1***1 (19)- Feedback left by buyer.Past 6 monthsVerified purchaseIt's on me for not reading the description of this being an ex-library copy. I was expecting it to be, but that's completely my fault. The product is exactly as described, in good condition and of good quality. Shipping was fast. Appearance good, no pages ripped and cover is not bent. It was sent in a bag instead of a box, though, which could have led to damage in shipping. Overall I'm happy and would buy from this seller again.
- h***h (243)- Feedback left by buyer.Past monthVerified purchaseThe book was noted as in a very good condition. When I received it, it had several pages of underlining. I contacted the seller and send them copies of the pages. They apologized for their oversight and rectified the issue. I appreciate the prompt communication and rectification of the issue. thanks.
- b***g (920)- Feedback left by buyer.Past 6 monthsVerified purchaseFantastic purchasing experience; sent as described as was the condition upon arrival; price and shipping (if any was charged) were reasonable. This author has been at the top of my list for quite a while as a favorite. This seller checks all the boxes!