General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory write by Truman F. Bewley. This book was released on 2009-07-01. General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory available in PDF, EPUB and Kindle. This book presents an original exposition of general equilibrium theory for advanced undergraduate and graduate-level students of economics. It contains detailed discussions of economic efficiency, competitive equilibrium, the first and second welfare theorems, the Kuhn-Tucker approach to general equilibrium, the Arrow-Debreu model, and rational expectations equilibrium and the permanent income hypothesis. Truman Bewley also treats optimal growth and overlapping generations models as special cases of the general equilibrium model. He uses the model and the first and second welfare theorems to explain the main ideas of insurance, capital theory, growth theory, and social security. It enables him to present a unified approach to portions of macro- as well as microeconomic theory. The book contains problems sets for most chapters.
A Theory of Economic Growth
A Theory of Economic Growth - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A Theory of Economic Growth write by David de la Croix. This book was released on 2002-10-24. A Theory of Economic Growth available in PDF, EPUB and Kindle. This book provides an in-depth treatment of the overlapping generations model in economics incorporating production.
Overlapping Generations
Overlapping Generations - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Overlapping Generations write by Stephen E. Spear. This book was released on 2023-09-04. Overlapping Generations available in PDF, EPUB and Kindle. The 800 pound gorilla in the room of macroeconomics is the question of why the overlapping generations model didn’t become the central workhorse model for macroeconomics, as opposed to the neoclassical growth model. The authors here explore the co-evolution of the two models.
Introduction to Dynamic Macroeconomic Theory
Introduction to Dynamic Macroeconomic Theory - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Introduction to Dynamic Macroeconomic Theory write by George T. McCandless. This book was released on 1991. Introduction to Dynamic Macroeconomic Theory available in PDF, EPUB and Kindle. Economies are constantly in flux, and economists have long sought reliable means of analyzing their dynamic properties. This book provides a succinct and accessible exposition of modern dynamic (or intertemporal) macroeconomics. The authors use a microeconomics-based general equilibrium framework, specifically the overlapping generations model, which assumes that in every period there are two generations which overlap. This model allows the authors to fully describe economies over time and to employ traditional welfare analysis to judge the effects of various policies. By choosing to keep the mathematical level simple and to use the same modeling framework throughout, the authors are able to address many subtle economic issues. They analyze savings, social security systems, the determination of interest rates and asset prices for different types of assets, Ricardian equivalence, business cycles, chaos theory, investment, growth, and a variety of monetary phenomena. Introduction to Dynamic Macroeconomic Theory will become a classic of economic exposition and a standard teaching and reference tool for intertemporal macroeconomics and the overlapping generations model. The writing is exceptionally clear. Each result is illustrated with analytical derivations, graphically, and by worked out examples. Exercises, which are strategically placed, are an integral part of the book.
Growth and International Trade
Growth and International Trade - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Growth and International Trade write by Karl Farmer. This book was released on 2013-02-01. Growth and International Trade available in PDF, EPUB and Kindle. This textbook guides the reader towards various aspects of growth and international trade in a Diamond-type overlapping generations framework. Using the same model type throughout the book, timely topics such as growth with bubbles, debt reduction in rich countries and policies to mitigate climate change are explored . The first part starts from the “old” growth theory and bridges to the “new” growth theory (including R&D and human capital approaches). The second part presents an intertemporal equilibrium theory of inter and intra-sectoral trade and concludes by analyzing the debt mechanics inducing the huge imbalances among eurozone countries. The book is primarily addressed to graduate students wishing to proceed to the analytically more demanding journal literature.
