Dynamic Macroeconomic Analysis: Theory and Policy in General Equilibrium [Paperback]

A survey of key issues relevant for the analysis of modern dynamic economies.This book applies modern micro-founded macroeconomic models to some of the most important economic policy questions facing monetary and macroeconomic policymakers. Key issues that are surveyed include: consumption investment; growth and business cycles; the role of government; asset pricing; the interaction of monetary and fiscal policy; open-economy issues; stabilisation policy and general equilibrium analyses of emerging market crises. Technically rigorous and summarising major research breakthroughs, this book gathers specially commissioned chapters from leading experts and offers a road map to the future of macroeconomics.This book applies modern micro-founded macroeconomic models to some of the most important economic policy questions facing monetary and macroeconomic policymakers. Key issues that are surveyed include: consumption investment; growth and business cycles; the role of government; asset pricing; the interaction of monetary and fiscal policy; open-economy issues; stabilisation policy and general equilibrium analyses of emerging market crises. Technically rigorous and summarising major research breakthroughs, this book gathers specially commissioned chapters from leading experts and offers a road map to the future of macroeconomics.This collection of essays applies modern micro-founded macroeconomic models to some of the most important economic policy questions facing monetary and macroeconomic policymakers. Key issues surveyed include: consumption investment; growth and business cycles; the role of government; asset pricing; the interaction of monetary and fiscal policy; open-economy issues; stabilization policy and general equilibrium analysis of emerging market crises. The book includes specially commissioned chapters from recognized authorities.Foreword William Brock; 1. The application of stochastic dynamic programming methods to household consumption and saving decisiolÃ&