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Models for dynamic macroeconomics

Author: Fabio-Cesare Bagliano; Giuseppe Bertola
Publisher: Oxford : Oxford Univ. Press, 2007.
Edition/Format:   Print book : EnglishView all editions and formats
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Now available in paperback, this excellent book, written by two leaders in the field, provides a rigorous introduction to modern dynamic macroeconomics. The text layout has been updated to make the  Read more...

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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Fabio-Cesare Bagliano; Giuseppe Bertola
ISBN: 9780199228324 0199228329 9780199266821 0199266824
OCLC Number: 254768164
Notes: Literaturangaben.
Description: XVI, 276 Seiten : Diagramme
Contents: Preface ; 1. Dynamic Consumption Theory ; 1.1 Permanent Income and Optimal Consumption ; 1.2 Empirical Issues ; 1.3 The Role of Precautionary Saving ; 1.4 Consumption and Financial Returns ; Appendix A1: Dynamic Programming ; Review Exercises ; Further Reading ; References ; 2. Dynamic Models of Investment ; 2.1 Convex Adjustment Costs ; 2.2 Continuous-Time Optimization ; 2.3 Steady-State and Adjustment Paths ; 2.4 The Value of Capital and Future Cash Flows ; 2.5 Average Value Capital ; 2.6 A Dynamic IS-LM Model ; 2.7 Linear Adjustment Costs ; 2.8 Irreversible Investment Under Certainty ; Appendix A2: Hamiltonian Optimization Methods ; Review Exercises ; Further Readings ; References ; 3. Adjustment Costs in the Labor Market ; 3.1 Hiring and Firing Costs ; 3.2 The Dynamics of Employment ; 3.3 Average Long-Run Effects ; 3.4 Adjustment Costs and Labor Allocation ; Appendix A3: (Two-State) Markov Processes ; Review Exercises ; Further Reading ; References ; 4. Growth in Dynamic General Equilibrium ; 4.1 Production, Savings, and Growth ; 4.2 Dynamic Optimization ; 4.3 Decentralized Production and Investment Decisions ; 4.4 Measurement of "Progress": the Solow Residual ; 4.5 Endogenous Growth and Market Imperfections ; Review Exercises ; Further Exercises ; References ; 5. Coordination and Externalities in Macroeconomics ; 5.1 Trading Externalities and Multiple Equilibria ; 5.2 A Search Model of Money ; 5.3 Search Externalities in the Labor Market ; 5.4 Dynamics ; 5.5 Externalities and Efficiency ; Review Exercises ; Further Reading ; References ; Answers to Exercises
Responsibility: Fabio-Cesare Bagliano ; Guiseppe Bertola.
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'This excellent book, written by two leaders of their field, provides a rigorous introduction to modern dynamic macroeconomics. It provides the modern perspective on consumption, investment and Read more...

 
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