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Macroeconomic Theory (Hardcover, 1st ed. 2017) Loot Price: R2,472
Discovery Miles 24 720
You Save: R134 (5%)
Macroeconomic Theory (Hardcover, 1st ed. 2017): Volker Boehm

Macroeconomic Theory (Hardcover, 1st ed. 2017)

Volker Boehm

Series: Springer Texts in Business and Economics

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List price R2,606 Loot Price R2,472 Discovery Miles 24 720 | Repayment Terms: R232 pm x 12* You Save R134 (5%)

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This textbook offers a unique approach to macroeconomic theory built on microeconomic foundations of monetary macroeconomics within a unified framework of an intertemporal general equilibrium model extended to a sequential and dynamic analysis. It investigates the implications of expectations and of stationary fiscal policies on allocations, on the quantity of money, and on the dynamic evolution of the economy with and without noise. The text contrasts and compares the two main competing approaches in macroeconomics within the same intertemporal model of a closed monetary economy: the one postulating full price flexibility to guarantee equilibrium in all markets at all times under perfect foresight or rational expectations, versus the so called disequilibrium approach where trading occurs at non- market-clearing prices and wages when these adjust sluggishly from period to period in response to market disequilibrium signals.

General

Imprint: Springer International Publishing AG
Country of origin: Switzerland
Series: Springer Texts in Business and Economics
Release date: November 2017
First published: 2017
Authors: Volker Boehm
Dimensions: 235 x 155 x 23mm (L x W x T)
Format: Hardcover
Pages: 423
Edition: 1st ed. 2017
ISBN-13: 978-3-319-60148-9
Categories: Books > Business & Economics > Economics > Economic theory & philosophy
Books > Business & Economics > Economics > Macroeconomics > General
Books > Science & Mathematics > Mathematics > Optimization > Game theory
Books > Business & Economics > Finance & accounting > Finance > Public finance > General
Books > Money & Finance > Public finance > General
LSN: 3-319-60148-2
Barcode: 9783319601489

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