Call Boomerang Books 1300 36 33 32

Get Latest Book News + FREE Shipping. Subscribe to the Boomerang Books Bulletin eNewsletter right now!

Description - Introduction to Dynamic Macroeconomic Theory by George T. McCandless

Economies are constantly in flux, and economists have long sought reliable means of analyzing their dynamic properties. This book aims to provide 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 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 modelling 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. 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.

Buy Introduction to Dynamic Macroeconomic Theory by George T. McCandless from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780674461116
ISBN-10: 0674461118
Format: Hardback
(235mm x 155mm x mm)
Pages: 384
Imprint: Harvard University Press
Publisher: Harvard University Press
Publish Date: 1-Jan-1992
Country of Publication: United States

Book Reviews - Introduction to Dynamic Macroeconomic Theory by George T. McCandless

» Have you read this book? We'd like to know what you think about it - write a review about Introduction to Dynamic Macroeconomic Theory book by George T. McCandless and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)

Write Review

Author Biography - George T. McCandless

George McCandless is an economist at the Central Bank of Argentina.

Books By George T. McCandless

ABCs of RBCs by George T. McCandless
Hardback, March 2008