The Representative Agent in Macroeconomics
Book Details
Format
Hardback or Cased Book
Book Series
Routledge Frontiers of Political Economy
ISBN-10
0415146690
ISBN-13
9780415146692
Publisher
Taylor & Francis Ltd
Imprint
Routledge
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jul 3rd, 1997
Print length
240 Pages
Weight
540 grams
Product Classification:
MacroeconomicsPolitical economy
Ksh 34,200.00
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There has been little discussion in macroeconomic literature about the propriety or usefulness of representative agent models. This volume aims to evaluate the use of these models as a means of studying aggregate behaviour.
Rpresentative agent models have become a predominant means of studying the macroeconomy in modern economics without there being much discussion in the literature about their propriety or usefulness. This volume evaluates the use of these models in macroeconomics, examining the justifications for their use and concluding that representative agent models are neither a proper nor a particularly useful means of studying aggregate behaviour.
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