Product Description
Macroeconomic Dynamics
This presentation of advanced macroeconomics emphasizes the dynamic behaviour of the economy.
Keizo Nagatani (Author)
9780521280150, Cambridge University Press
Paperback / softback, published 18 March 1982
256 pages
22.8 x 15.2 x 1.5 cm, 0.348 kg
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 de]
Macroeconomic Dynamics Nagatani Paperback Cambridge University Press
Macroeconomic Dynamics
This presentation of advanced macroeconomics emphasizes the dynamic behaviour of the economy.
Keizo Nagatani (Author)
9780521280150, Cambridge University Press
Paperback / softback, published 18 March 1982
256 pages
22.8 x 15.2 x 1.5 cm, 0.348 kg
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 de]
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