Economics

Macroeconomic Dynamics

Name: Macroeconomic Dynamics
Brand: Cambridge University Press
SKU: 9780521280150
Price: 4289.00 INR
Availability: InStock
ISBN: 9780521280150

MACROECONOMIC DYNAMICS

Contributor(s): Nagatani, Keizo Author Format: Paperback

Paperback · ISBN 9780521280150

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Key Specifications

ISBN	9780521280150
Subtitle	MACROECONOMIC DYNAMICS
Publisher	Cambridge University Press
Publication date	March 1982
Language	English
MRP	£34.00 GBP
Page count	256
Item weight	84 g

This presentation of advanced macroeconomics emphasizes the dynamic behaviour of the economy. Developed capitalist economies are characterized by large stocks of durable goods and the intertemporal nature of economic decisions that these involve. Such intertemporal decisions based on expectations about an uncertain future are the main sources of mistakes and consequent economic fluctuations. In this book, therefore, macroeconomic theory and policy are viewed as applications of capital theory. Professor Nagatani traces the early contributions to this viewpoint and critically surveys the modern literature. To aid the reader, a lucid exposition of dynamic optimization is provided before the theory is developed analytically. The framework employed has novel aspects and captures the chief characteristics of advanced economies. The analysis is used to draw out broad policy conclusions. This book is suitable for advanced students, for whom examples are provided at the end of chapters. However, the perspective offers much to interest specialists also.

Macroeconomic Dynamics

Key Specifications

Nagatani, Keizo Author

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