Macroeconomic analysis
After a review of the microeconomic foundations of macroeconomics, the book analyzes the household optimization problem, the representative household model, and the overlapping generations model. It examines risk and the implications for household choices and macroeconomic outcomes; equilibrium asset returns, prices, and bubbles; labor supply, growth, and business cycles; and open economy issues. It introduces frictions and analyzes their consequences in the labor market, financial markets, and…
Read More ↓Title Statements
- Full title :Macroeconomic analysis / Dirk Niepelt.
Summary
After a review of the microeconomic foundations of macroeconomics, the book analyzes the household optimization problem, the representative household model, and the overlapping generations model. It examines risk and the implications for household choices and macroeconomic outcomes; equilibrium asset returns, prices, and bubbles; labor supply, growth, and business cycles; and open economy issues. It introduces frictions and analyzes their consequences in the labor market, financial markets, and for investment; studies money as a unit of account, store of value, and medium of exchange; and analyzes price setting in general equilibrium. Turning to government and economic policy, the book covers taxation, debt, social security, and monetary policy; optimal fiscal and monetary policies; and sequential policy choice, with applications in capital income taxation, sovereign debt and default, politically motivated redistribution, and monetary policy biases. Macroeconomic Analysis can be used by first-year graduate students in economics and students in master's programs, and as a supplemental text for advanced courses.
Read More ↓Edition Statements
- Publication Date:2019
Publication Statements
- Publisher(s):The MIT Press
- Place of Publication:Cambridge, Massachusetts
- Language:eng
- Publication Date:2019
The Physical Object
- Description:xxii, 295 pages : : illustrations ; : 24 cm
Edition Identifiers
- ISBN:9780262043472, 0262043475
- oclc:on1350625705
- LC Classification:HB172.5
Table of Contents
Microeconomic foundations -- Consumption and saving -- Dynamic competitive equilibrium -- Risk -- Asset returns and asset prices -- Labor supply, growth, and business cycles -- The open economy -- Frictions -- Money -- Price setting and price rigidity -- The government -- Optimal policy -- Time consistent policy.
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