International Macroeconomic Dynamics

International Macroeconomic Dynamics

Description

International Macroeconomic Dynamics provides extensive applications of important macroeconomic dynamic models to the international economy.

For a long time, the study of macroeconomics has focused almost exclusively on a closed economy and downplayed the role of international transactions. Today, however, researchers recognize that one cannot fully understand domestic macroeconomic relationships without considering the global economy within which each country operates. Increasingly, economists are treating international transactions as an integral part of the macroeconomic system, and international macroeconomics has become an area of intensive research activity. International Macroeconomic Dynamics provides extensive applications of important macroeconomic dynamic models to the international economy. It adopts the main contemporary macroeconomic framework, the representative agent model, and develops a series of models of increasing complexity. The author considers both small and large economies and analyzes them in both deterministic and stochastic contexts. The emphasis is very much on the development of the analytical models; a novel feature is the extensive use of continuous-time stochastic methods. While the author applies the models to a range of important policy issues, particularly issues of fiscal policy, the reader is invited to view the analyses as blueprints for other applications.


Download International Macroeconomic Dynamics (9780262201117).pdf, available at www.noregret-themovie.com for free.

Details

Author(s)
Stephen J. Turnovsky
Format
Hardback | 520 pages
Dimensions
183 x 251 x 42mm | 1,247g
Publication date
01 Dec 1997
Publisher
MIT Press Ltd
Imprint
MIT Press
Publication City/Country
Cambridge, Mass., United States
Language
English
Illustrations note
18
ISBN10
0262201119
ISBN13
9780262201117