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Rpresentative agent models have become a predominant means of studying the macroeconomy in modern economics without there being much discussion in the literature about their propriety or usefulness. This volume evaluates the use of these models in macroeconomics, examining the justifications for their use and concluding that representative agent models are neither a proper nor a particularly useful means of studying aggregate behaviour.

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Book Details

ISBN: 9780415146692
ISBN-10: 0415146690
Format: Hardback
(234mm x 156mm x 22mm)
Pages: 240
Imprint: Routledge
Publisher: Taylor & Francis Ltd
Publish Date: 3-Jul-1997
Country of Publication: United Kingdom

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