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Author: Jean-Pascal Benassy Publisher: MIT Press ISBN: 9780262261739 Category : Business & Economics Languages : en Pages : 296
Book Description
In this book, Jean-Pascal Benassy attempts to integrate into a single unified framework dynamic macroeconomic models reflecting such diverse lines of thought as general equilibrium theory, imperfect competition, Keynesian theory, and rational expectations. He begins with a simple microeconomic synthesis of imperfect competition and nonclearing markets in general equilibrium under rational expectations. He then applies this framework to a large number of dynamic macroeconomic models, covering such topics as persistent unemployment, endogenous growth, and optimal fiscal-monetary policies. The macroeconomic methodology he uses is similar in spirit to that of the popular real business cycles theory, but the scope is much wider. All of the models are solved "by hand," making the underlying economic mechanisms particularly clear.
Author: Jean-Pascal Benassy Publisher: MIT Press ISBN: 9780262261739 Category : Business & Economics Languages : en Pages : 296
Book Description
In this book, Jean-Pascal Benassy attempts to integrate into a single unified framework dynamic macroeconomic models reflecting such diverse lines of thought as general equilibrium theory, imperfect competition, Keynesian theory, and rational expectations. He begins with a simple microeconomic synthesis of imperfect competition and nonclearing markets in general equilibrium under rational expectations. He then applies this framework to a large number of dynamic macroeconomic models, covering such topics as persistent unemployment, endogenous growth, and optimal fiscal-monetary policies. The macroeconomic methodology he uses is similar in spirit to that of the popular real business cycles theory, but the scope is much wider. All of the models are solved "by hand," making the underlying economic mechanisms particularly clear.
Author: Jean-Pascal Bénassy Publisher: Mit Press ISBN: 9780262025287 Category : Business & Economics Languages : en Pages : 272
Book Description
A single unified framework that integrates dynamic macroeconomics models on general equilibrium theory, imperfect competition, nonclearing markets, and rational expectations.
Author: Jean-Pascal Bénassy Publisher: Edward Elgar Publishing ISBN: Category : Business & Economics Languages : en Pages : 552
Book Description
The macroeconomics of imperect competition has become in recent years a most influential paradigm, which many macroeconomists now prefer to the Classical of Keynesian ones, notably because of its clear and rigorous microfoundations. This volume collects and puts into perspective the leading contributions to this important and rapidly expanding field.
Author: Jean-Pascal Benassy Publisher: Oxford University Press ISBN: 0195387716 Category : Business & Economics Languages : en Pages : 603
Book Description
This graduate textbook is a "primer" in macroeconomics. It starts with essential undergraduate macroeconomics and develops in a simple and rigorous manner the central topics of modern macroeconomic theory including rational expectations, growth, business cycles, money, unemployment, government policy, and the macroeconomics of nonclearing markets. The emphasis throughout the book is on both foundations and presenting the simplest model for each topic that will deliver the relevant answers. The first two chapters recall the main workhorses of undergraduate macroeconomics: the Solow-Swan growth model, the Keynesian IS-LM model, and the Phillips curve. The next chapters present four fundamental "building blocks" of modern macroeconomics: rational expectations, intertemporal dynamic models, nonclearing markets and imperfect competition, and uncertainty. Later the book deals with growth, notably the Ramsey model, overlapping generations, and endogenous growth. Chapter 10 moves to the famous "real business cycles" (RBC), which integrate in a unified framework growth and fluctuations. The final chapters look at the issue of stabilization, how best to guard the economy from shocks, and the connections between politics and the macroeconomy. To make the book self contained, a mathematical appendix gives a number of simple technical results that are sufficient to follow the formal developments of the book.
Author: Jean-Pascal Benassy Publisher: Oxford University Press ISBN: 019992421X Category : Business & Economics Languages : en Pages : 800
Book Description
This graduate textbook is a primer in macroeconomics. It starts from essential undergraduate macroeconomics and develops the central topics of modern macroeconomic theory in a simple and rigorous manner. All topics essential for first year graduate students are covered. These include rational expectations, intertemporal dynamic models, exogenous and endogenous growth, nonclearing markets and imperfect competition, uncertainty, and money. The book also covers real business cycles and dynamic stochastic general equilibrium models, integrating growth and fluctuations, sticky wages and prices, consumption and investment, and unemployment. Lastly, it studies government policy, stabilization, credibility, and the connections between politics and the macroeconomy. Each topic is presented in the simplest model possible while still delivering the relevant answers and keeping rigorous foundations throughout the book. To make the book fully self-contained there is a mathematical appendix that gives all necessary mathematical results.
Author: Jean-Pascal Bénassy Publisher: ISBN: 9780262524933 Category : Equilibrium (Economics) Languages : en Pages : 0
Book Description
Develops the argument that moving from "Ricardian" dynamic stochastic general equilibrium models to "non-Ricardian" models solves many puzzles and paradoxes in monetary issues that might have cast doubt on the DSGE methodology for monetary economics.
Author: Jean-Pascal Bénassy Publisher: Edward Elgar Publishing ISBN: 9781843760030 Category : Aufsatzsammlung - Konjunkturzyklus - Wirtschaft - Ungleichgewicht - Unvollständige Konkurrenz Languages : en Pages : 0
Book Description
The field of dynamic stochastic general equilibrium models has emerged as the central field of macroeconomics. This volume gives an account of the field, starting with the various general equilibrium traditions that ultimately led to this research area, and then describing the evolution of the models.
Author: Publisher: Emerald Group Pub Limited ISBN: 9780126197518 Category : Business & Economics Languages : en Pages : 510
Book Description
Macroeconomic Theory, in its first edition, was widely adopted for use as a graduate text; this updated and expanded version should find even greater popularity as a text and as a research reference. It has been substantially revised to include three entirely new chapters: The Consumption Function, Government Debt and Taxes, and Dynamic Optimal Taxation. Significant additions have been made to three of the original chapters dealing with difference equations, stochastic difference equations, and investment under uncertainty. Key Features * This book has been substantially revised to include three entirely new chapters on consumption, government debt and taxes, and dynamic optimal taxation * Significant additions have been made to three of the original chapters dealing with difference equations, stochastic difference equations, and investment under uncertainty
Author: Jean-Pascal Benassy
Author: Jean-Pascal Benassy
Author: Leo Kaas
Author: Jean-Pascal Bénassy
Author: Jean-Pascal Bénassy
Author: Jean-Pascal Benassy
Author: J.P. Bénassy
Author: Jean-Pascal Benassy
Author: Jean-Pascal Bénassy
Author: Jean-Pascal Bénassy
Author: