Dynamic macroeconomic analysis : theory and policy in general equilibrium
Contributor(s): Altug, Sumru [ed.] | Chadha, Jagjit S. [ed.] | Nolan, Charles [ed.].
Publisher: Cambridge Cambridge University Press 2003Description: xxvii, 582p.ISBN: 9780521534031.Subject(s): MacroeconomicsDDC classification: 339.5 | D993 Summary: Dynamic stochastic general equilibrium (DSGE) models have begun to dominate the field of macroeconomic theory and policy-making. These models describe the evolution of macroeconomic activity as a recursive sequence of outcomes based upon the optimal decision rules of rational households, firms and policy-makers. Whilst posing a micro-founded dynamic optimisation problem for agents under uncertainty, such models have been shown to be both analytically tractable and sufficiently rich for meaningful policy analysis in a wide class of macroeconomic problems, for example, monetary and fiscal policy, economic cycles and growth and capital flows. This volume collects specially commissioned papers from leading researchers, which pull together some of the key results in diverse areas. This book will promote research using optimising models and inform researchers, post-graduate students and economists in policy-oriented organisations of some of the key findings and policy implications.Item type | Current location | Collection | Call number | Status | Date due | Barcode | Item holds |
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Books | PK Kelkar Library, IIT Kanpur | General Stacks | 339.5 D993 (Browse shelf) | Available | A184346 |
Browsing PK Kelkar Library, IIT Kanpur Shelves , Collection code: General Stacks Close shelf browser
339.47 ST31C CONSUMERISM IN WORLD HISTORY | 339.49 AP58 APPLICATIONS OF SIMULATION METHODS IN ENVIRONMENTAL AND RESOURCE ECONOMICS | 339.4954 C393 POWER RESOURCES OF INDIA | 339.5 D993 Dynamic macroeconomic analysis | 339.5 L259m4 Macroeconomic policy [4th ed.] | 339.5 M247 Macroeconomic analysis and economic policy based on parametric control | 339.5 M746 Monetary policy in India |
Dynamic stochastic general equilibrium (DSGE) models have begun to dominate the field of macroeconomic theory and policy-making. These models describe the evolution of macroeconomic activity as a recursive sequence of outcomes based upon the optimal decision rules of rational households, firms and policy-makers. Whilst posing a micro-founded dynamic optimisation problem for agents under uncertainty, such models have been shown to be both analytically tractable and sufficiently rich for meaningful policy analysis in a wide class of macroeconomic problems, for example, monetary and fiscal policy, economic cycles and growth and capital flows. This volume collects specially commissioned papers from leading researchers, which pull together some of the key results in diverse areas. This book will promote research using optimising models and inform researchers, post-graduate students and economists in policy-oriented organisations of some of the key findings and policy implications.
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