Introduction to Dynamic Macroeconomic Theory: An Overlapping Generations Approach
| Author | : | |
| Rating | : | 4.52 (682 Votes) |
| Asin | : | 0674461118 |
| Format Type | : | paperback |
| Number of Pages | : | 384 Pages |
| Publish Date | : | 2016-08-25 |
| Language | : | English |
DESCRIPTION:
. George McCandless is an economist at the Central Bank of Argentina
About the Author George McCandless is an economist at the Central Bank of Argentina.
Economies are constantly in flux, and economists have long sought reliable means of analyzing their dynamic properties. The writing is exceptionally clear. 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. Exercises, which are strategically placed, are an integral part of the book.. Each result is illustrated with analytical derivations, graphically, and by worked out examples. They analyze savings, social security systems, the determination of interest rates and asset prices for dif