International Macroeconomic Dynamics PDF
By:Stephen J. Turnovsky
Published on 1997 by MIT Press
For a long time, the study of macroeconomics has focused almost exclusively on a closed economy and downplayed the role of international transactions. Today, however, researchers recognize that one cannot fully understand domestic macroeconomic relationships without considering the global economy within which each country operates. Increasingly, economists are treating international transactions as an integral part of the macroeconomic system, and international macroeconomics has become an area of intensive research activity.International Macroeconomic Dynamics provides extensive applications of important macroeconomic dynamic models to the international economy. It adopts the main contemporary macroeconomic framework, the representative agent model, and develops a series of models of increasing complexity. The author considers both small and large economies and analyzes them in both deterministic and stochastic contexts. The emphasis is very much on the development of the analytical models; a novel feature is the extensive use of continuous-time stochastic methods. While the author applies the models to a range of important policy issues, particularly issues of fiscal policy, the reader is invited to view the analyses as blueprints for other applications.
This Book was ranked at 20 by Google Books for keyword International Economics novel.
Book ID of International Macroeconomic Dynamics's Books is 8wQv3VOZW_YC, Book which was written byStephen J. Turnovskyhave ETAG "e9v/gfpQD48"
Book which was published by MIT Press since 1997 have ISBNs, ISBN 13 Code is 9780262201117 and ISBN 10 Code is 0262201119
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Book which have "492 Pages" is Printed at BOOK under CategoryBusiness and Economics
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