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Models for Dynamic Macroeconomics by Fabio-Cesare Bagliano; Giuseppe Bertola is a book available to read on EtoBox.

What is Models for Dynamic Macroeconomics about?

Dynamic Approaches to Macroeconomics provides the advanced student with key methodological tools for the dynamic analysis of a core selection of macroeconomic phenomena, including consumption and investment choices, employment and unemployment outcomes, and economic growth. The technical treatment of these tools will enable the student to handle current journal literature, while not assuming any particular familiarity with advanced analytical tools or mathematical notions. As these tools are introduced, they are related to particular applications to illustrate their use. Chapters are linked by various formal and substantive threads. Discrete-time optimization under uncertainty, introduced in Chapter 1, is motivated and discussed by applications to consumption theory, with particular attention to empirical implementation. Chapter 2 focuses on continuous-time optimization techniques, and discusses the relevant insights in the context of partial-equilibrium investment models. Chapter 3 revisits many of the previous chapters'formal derivations with applications to dynamic labour demand, in comparison to optimal investment models, and characterizes labor market equilibrium when not only

Author

Fabio-Cesare Bagliano; Giuseppe Bertola

Publisher

OUP Oxford

Published

2007

Language

EN

ISBN

9780199266821

Subjects

Economics, Business