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Macroeconomic Dynamics (Paperback)

Author: Nagatani, Keizo

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Product Overview

This presentation of advanced macroeconomics emphasizes the dynamic behaviour of the economy. Developed capitalist economies are characterized by large stocks of durable goods and the intertemporal nature of economic decisions that these involve. Such intertemporal decisions based on expectations about an uncertain future are the main sources of mistakes and consequent economic fluctuations. In this book, therefore, macroeconomic theory and policy are viewed as applications of capital theory. Professor Nagatani traces the early contributions to this viewpoint and critically surveys the modern literature. To aid the reader, a lucid exposition of dynamic optimization is provided before the theory is developed analytically. The framework employed has novel aspects and captures the chief characteristics of advanced economies. The analysis is used to draw out broad policy conclusions. This book is suitable for advanced students, for whom examples are provided at the end of chapters. However, the original perspective offers much to interest specialists also.

Specifications

Publisher Cambridge Univ Pr
Mfg Part# 9780521280150
SKU 211956046
Format Paperback
ISBN10 052128015X
Release Date 8/30/2010
Product Attributes
Book Format Paperback
Number of Pages 0256
Publisher Cambridge University Press
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