Models for Dynamic Macroeconomics

Now available in paperback, this excellent book, written by two leaders in the field, provides a rigorous introduction to modern dynamic macroeconomics. The text layout has been updated to make the book more user-friendly and each chapter benefits from the inclusion of a number of exercises and solutions, as well as suggested further reading.

Models for Dynamic Macroeconomics 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. 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. Each chapter includes exercises which propose extensions to the model discussed in the text as well as end of chapter review exercises designed to consolidate learning. All exercise solutions are provided at the end of the book and further reading is discussed at the end of each chapter.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.