Introduction to Dynamic Macroeconomic Theory: An Overlapping Generations Approach By George T. Mccandless, Neil Wallace ISBN: 9780674461116 EAN: 8580000210439 Published: 1992 Number of Pages: 384 Edition: Updated Binding: Hardcover

Pricing & Availability: Additional Details: Product Type: Book Publisher: Harvard University Press Description: 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.

Library of Congress Control Number
   - LC control Number:  90027439
   - LC control Number: 90027439

National Bibliography Number
   - Source: bnb: GB9226522: GB92-26522

International Standard Book Number: 0674461118: 0674461118 (alk. paper)

Special Coded Dates
   - Type of date code: DLC
   - Date 1, C.E. date: DLC
   - Date 2, B.C. date: DLC

Library of Congress Call Number
   - Classification number: HB172.5
   - Item number: .M366 1991

Dewey Decimal Classification Number
   - Edition number: 20
   - Classification number: 339: 20

Main Entry - Personal Name
   - Personal name: McCandless, George T
   - Personal name: McCandless, George T.

Title Statement
   - Title: Introduction to dynamic macroeconomic theory :
   - Remainder of title: an overlapping generations approach /
   - Statement of responsibility, etc.: George T. McCandless with Neil Wallace.
   - Statement of responsibility, etc.: George T. McCandless, Jr. ; with Neil Wallace.
   - Statement of responsibility, etc.: George T. McCandless, Jr., with Neil Wallace
   - Statement of responsibility, etc.: George T. McCandless, Jr., with Neil Wallace.

Publication, Distribution, etc. (Imprint)
   - Place of publication, distribution, etc.: Cambridge, Mass. :
   - Place of publication, distribution, etc.: Cambridge, Mass. ;
   - Place of publication, distribution, etc.: London :
   - Name of publisher, distribution, etc.: Harvard University Press,
   - Date of publication, distribution, etc.: 1991
   - Date of publication, distribution, etc.: 1991.

Projected Publication Date: 9111

Physical Description
   - Extent: p. cm.
   - Extent: xii, 372 p. :
   - Extent: xii, 372 p. ;
   - Extent: xii,372p. ;
   - Other physical details: ill. ;
   - Dimensions: 24 cm
   - Dimensions: 24 cm.
   - Dimensions: 25 cm.

Bibliography, etc. Note
   - Bibliography: Includes bibliographical references (p. 365-367) and index
   - Bibliography: Includes bibliographical references (p. 365-367) and index.
   - Bibliography: Includes bibliographical references and index.
   - Bibliography: Includes bibliographical references.

Subject Added Entry - Topical Term
   - Topical term or geographic name entry element: Equilibrium (Economics)
   - Topical term or geographic name entry element: Macroeconomics
   - Topical term or geographic name entry element: Macroeconomics.
   - General subdivision: Mathematical models
   - General subdivision: Mathematical models.

Index Term - Uncontrolled
   - Uncontrolled term: Macroeconomics.

Added Entry - Personal Name
   - Personal name: Wallace, Neil
   - Personal name: Wallace, Neil.