Macroeconomic TheoryAcademic Press, 1979 - 404 pages 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 |
Table des matières
NONSTOCHASTIC MACROECONOMICS INTRODUCTION | 1 |
Chapter I | 6 |
Assets Owned by Households | 10 |
Droits d'auteur | |
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Expressions et termes fréquents
a₁ aggregate demand aggregate supply asset assume assumption bonds business cycle C₁ C₂ capital stock classical model constant consumption function covariogram derivative determined difference equation differential disposable income Economic effect employment endogenous variables equals equilibrium equities Euler equation exogenous expected Figure finite firm firm's formula frequency given implies increase indifference curves interest rate investment K₁ Keynesian model labor lag operator lagged least squares linear linear least squares LM curve m₁ marginal product maximize monetary money supply money wage moving average N₁ Notice optimal orthogonal output P₁ parameters Phillips curve portfolio balance price level production function projection random variables ratio real rate real wage regression satisfied sequence slope solution spectrum stochastic process Substituting Suppose t₁ t₂ theorem theory transversality condition u₁ variance vector W₁ x₁ Y₁ zero λ₁ λ₂