{"product_id":"models-for-dynamic-macroeconomics-9780199266821","title":"Models for Dynamic Macroeconomics","description":"\u003cem\u003eModels for Dynamic Microeconomics\u003c\/em\u003e provides the advanced student with key methodological tools for the dynamic analysis of a core selection of macroeconomic phenomena, including consumption and investment choices, employment and unemployment outcomes, and economic growth. \u003cp\u003e\u003c\/p\u003e The technical treatment of these tools will enable the student to handle current journal literature, while not assuming any particular familiarity with advanced analytical tools or mathematical notions. As these tools are introduced, they are related to particular applications to illustrate their use. \u003cp\u003e\u003c\/p\u003e Chapters are linked by various formal and substantive threads. Discrete-time optimization under uncertainty, introduced in Chapter 1, is motivated and discussed by applications to consumption theory, with particular attention to empirical implementation. Chapter 2 focuses on continuous-time optimization techniques, and discusses the relevant insights in the context of partial-equilibrium investment models. Chapter 3 revisits many of the previous chapters' formal derivations with applications to dynamic labour demand, in comparison to optimal investment models, and characterizes labor market equilibrium when not only individual firms' labor demand, but also individual labor supply by workers, is subject to adjustment costs. Chapter 4 proposes broader applications of methods introduced in the previous chapters and studies continuous-time equilibrium dynamics of representative agent economies, featuring both consumption and investment choices, with applications to long-run growth\u003cbr\u003eframeworks of analysis. Chapter 5 illustrates the role of decentralized trading in determining aggregate equilibria, and characterizes aggregate labor market dynamics in the presence of frictional unemployment. Chapters 4 and 5 pay particular attention to strategic interactions and externalities: even when each agent correctly solves his or her individual dynamic problem, modern microfounded macroeconomic models recognize that macroeconomic equilibrium need not have unambiguously desirable properties. \u003cp\u003e\u003c\/p\u003e By bridging the gap between undergraduate economics and modern microfounded macroeconomic research, this book will be of interest to graduate students in economics, and as a technical reference for economic researchers. \u003cp\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Fabio-Cesare Bagliano, Giuseppe Bertola\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Oxford University Press, USA\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 04\/08\/2004\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 296\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.20lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.58h x 6.10w x 0.82d\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780199266821\u003cbr\u003e\u003cp\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cstrong\u003eFabio-Cesare Bagliano\u003c\/strong\u003e is currently Professor of Economics in the Faculty of Economics, University of Tunrin, having previously held other teaching positions in Turin and Teramo (Italy); in 1987-90 he held a research position at the Centre for Economic Performance (London School of Economics and Political Science). He is Associate Editor of \u003cem\u003eGiornale degli Economisti e Annali di Economia\u003c\/em\u003e and has published in the \u003cem\u003eJournal of Banking and Finance\u003c\/em\u003e, the \u003cem\u003eEuropean Economic Review\u003c\/em\u003e, the \u003cem\u003eJournal of Macroeconomics\u003c\/em\u003e, and other academic journals and books. \u003cstrong\u003eGiuseppe Bertola\u003c\/strong\u003e is currently Professor of Economic Policy in the Faculty of Political Science, University of Turin. He has previously held other teaching positions in Turin and visiting positions in various places, including Assistant Professor and Assistant Director of the International Finance Section, Princeton University. He is a Managing Editor of \u003cem\u003eEconomic Policy\u003c\/em\u003e and \u003cem\u003eCondirettore of Giornale degli Economisti e Annali di Economia\u003c\/em\u003e. His work i\u003cbr\u003epublished in the \u003cem\u003eReview of Economic Studies\u003c\/em\u003e, \u003cem\u003eAmerican Economic Review\u003c\/em\u003e, the \u003cem\u003eEuropean Economic Review\u003c\/em\u003e, and other academic journals and books.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003ci\u003eThis title is not returnable\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e","brand":"Oxford University Press, USA","offers":[{"title":"Hardcover","offer_id":40829659218035,"sku":"9.78E+12","price":224.06,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0555\/9255\/0515\/products\/img_e5e090d5-0f97-487e-9792-b293c497e998.jpg?v=1684415527","url":"https:\/\/bookstorenmore.com\/products\/models-for-dynamic-macroeconomics-9780199266821","provider":"Bookstore N More","version":"1.0","type":"link"}