Macroeconomic Theory PDF
By:Volker Böhm
Published on 2017-10-30 by Springer
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This textbook offers a unique approach to macroeconomic theory built on microeconomic foundations of monetary macroeconomics within a unified framework of an intertemporal general equilibrium model extended to a sequential and dynamic analysis. It investigates the implications of expectations and of stationary fiscal policies on allocations, on the quantity of money, and on the dynamic evolution of the economy with and without noise. The text contrasts and compares the two main competing approaches in macroeconomics within the same intertemporal model of a closed monetary economy: the one postulating full price flexibility to guarantee equilibrium in all markets at all times under perfect foresight or rational expectations, versus the so called disequilibrium approach where trading occurs at non- market-clearing prices and wages when these adjust sluggishly from period to period in response to market disequilibrium signals.
This Book was ranked at 32 by Google Books for keyword Macroeconomics.
Book ID of Macroeconomic Theory's Books is EW48DwAAQBAJ, Book which was written byVolker Böhmhave ETAG "pTbx3k73CU8"
Book which was published by Springer since 2017-10-30 have ISBNs, ISBN 13 Code is 9783319601496 and ISBN 10 Code is 3319601490
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Book which have "423 Pages" is Printed at BOOK under CategoryBusiness and Economics
Book was written in en
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