Advanced MacroeconomicsMcGraw-Hill Companies,Incorporated, 2006 - 678 pagina's David Romer’s Advanced Macroeconomics, 3e is the standard text and the starting point for graduate macro courses and helps lay the groundwork for students to begin doing research in macroeconomics and monetary economics. A series of formal models are used to present and analyze important macroeconomic theories. The theories are supplemented by examples of relevant empirical work, which illustrate the ways that theories can be applied and tested. This well-respected and well-known text is unique in the marketplace. |
Inhoudsopgave
THE SOLOW GROWTH MODEL | 5 |
7 Growth Accounting | 29 |
INFINITEHORIZON | 48 |
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aggregate demand aggregate supply amount analysis assume assumption average balanced growth path behavior budget constraint C₁ capital stock Chapter Cobb-Douglas consider constant consumption converges cost countries curve deficits denote determined differences dynamics economy effective labor equals equation equilibrium estimate example exchange rate expected fall Figure firm's firms fluctuations fraction given government purchases households impact implies income increase individuals inflation initial investment k₁ Keynesian kt+1 L₁ labor supply lag operators less long-run m₁ macroeconomics marginal product marginal utility monetary policy nominal nominal interest rate optimal output per worker p₁ parameter percent period policymaker population predictions price adjustment price level problem production function real interest rate real rigidity real wage real-business-cycle relative rent-seekers result returns Ricardian equivalence rise saving rate Section seignorage shocks shows social infrastructure Solow model Solow residual Specifically Suppose technology shocks theory tion unemployment unit of effective utility variables Y₁ zero
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The Economics of Adjustment and Growth: Second Edition Pierre-Richard Agénor Gedeeltelijke weergave - 2004 |