Methods of Macroeconomic Dynamics
Language: English
Published by MIT Press Ltd, 2000
- Hardcover
- Used
Seller: World of Books Inc, Montgomery, IL, U.S.A.World of Books Inc
AbeBooks seller since March 23, 2026
Condition: Used - Very good
£ 11.07
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Just as macroeconomic models describe the overall economy within a changing, or dynamic, framework, the models themselves change over time. In this text Stephen J. Turnovsky reviews in depth several early models as well as a representation of more recent models. They include traditional (backward-looking) models, linear rational expectations (future-looking) models, intertemporal optimization models, endogenous growth models, and continuous time stochastic models. The author uses examples from both closed and open economies. Whereas others commonly introduce models in a closed context, tacking on a brief discussion of the model in an open economy, Turnovsky integrates the two perspectives throughout to reflect the increasingly international outlook of the field. This new edition has been extensively revised. It contains a new chapter on optimal monetary and fiscal policy, and the coverage of growth theory has been expanded substantially. The range of growth models considered has been extended, with particular attention devoted to transitional dynamics and nonscale growth. The book includes cutting-edge research and unpublished data, including much of the author's own work.…
Seller Inventory # CIN0262201232VG
- Title
- Methods of Macroeconomic Dynamics
- Author
- Stephen J Turnovsky
- Publisher
- MIT Press Ltd
- Publication year
- 2000
- Condition
- Very Good
- Binding
- Hardback
- Language
- English
- ISBN 10
- 0262201232
- ISBN 13
- 9780262201230
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