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Macroeconomic Analysis PDF
By:Dirk Niepelt
Published on 2019-12-31 by MIT Press

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A concise but rigorous and thorough introduction to modern macroeconomic theory. This book offers an introduction to modern macroeconomic theory. It is concise but rigorous and broad, covering all major areas in mainstream macroeconomics today and showing how macroeconomic models build on and relate to each other. The self-contained text begins with models of individual decision makers, proceeds to models of general equilibrium without and with friction, and, finally, presents positive and normative theories of economic policy. After a review of the microeconomic foundations of macroeconomics, the book analyzes the household optimization problem, the representative household model, and the overlapping generations model. It examines risk and the implications for household choices and macroeconomic outcomes; equilibrium asset returns, prices, and bubbles; labor supply, growth, and business cycles; and open economy issues. It introduces frictions and analyzes their consequences in the labor market, financial markets, and for investment; studies money as a unit of account, store of value, and medium of exchange; and analyzes price setting in general equilibrium. Turning to government and economic policy, the book covers taxation, debt, social security, and monetary policy; optimal fiscal and monetary policies; and sequential policy choice, with applications in capital income taxation, sovereign debt and default, politically motivated redistribution, and monetary policy biases. Macroeconomic Analysis can be used by first-year graduate students in economics and students in master's programs, and as a supplemental text for advanced courses.

This Book was ranked at 37 by Google Books for keyword Macroeconomics.

Book ID of Macroeconomic Analysis's Books is 3GLGDwAAQBAJ, Book which was written byDirk Niepelthave ETAG "gWNmNfOpHz8"

Book which was published by MIT Press since 2019-12-31 have ISBNs, ISBN 13 Code is 9780262043472 and ISBN 10 Code is 0262043475

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Book which have "320 Pages" is Printed at BOOK under CategoryBusiness and Economics

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