The basic framework provided by variants of a dynamic general equilibrium model is used to analyze problems in macroeconomics and monetary economics. An equilibrium model provides a mapping from parameters of preferences, technologies, endowments, and "rules of the game" to a probability model for time series. The rigor of the logical connections between theory and observations that the mapping provides is an attractive feature of dynamic equilibrium, or "rational expectations," models. This book gives repeated and varied practice in constructing and interpreting this mapping.
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The basic framework provided by variants of a dynamic general equilibrium model is used to analyze problems in macroeconomics and monetary economics. An equilibrium model provides a mapping from parameters of preferences, technologies, endowments, and "rules of the game" to a probability model for time series. The rigor of the logical connections between theory and observations that the mapping provides is an attractive feature of dynamic equilibrium, or "rational expectations," models. This book gives repeated and varied practice in constructing and interpreting this mapping.
Imprint | Harvard University Press |
Country of origin | United States |
Release date | June 1987 |
Availability | Expected to ship within 12 - 17 working days |
First published | June 1987 |
Authors | Rodolfo E. Manuelli, Thomas J Sargent |
Dimensions | 235 x 156 x 14mm (L x W x T) |
Format | Paperback |
Pages | 238 |
ISBN-13 | 978-0-674-27476-1 |
Barcode | 9780674274761 |
Categories | |
LSN | 0-674-27476-8 |