Intertemporal macroeconomics links microeconomics and growth theory methods. The effects of policies are examined as the dynamic interaction between decisions of agents and policy interventions. The book explores the two basic approaches of models of infinitely lived agents (Cass Ramsey Koopmans approach) and models of overlapping generations (Allais Fisher Samuelson approach). Controversial questions concerning monetary models and monetary policies are also considered in a systematic way. The book also introduces both real models and monetary models of endogenous growth.

Providing an introduction to major topics in macroeconomic theory, this book offers the reader three keys for comparing different models. The first key is a mathematical reformulation of Say's Law. The second key is the use of the income velocity of the circulation of money as a behavioural function in accordance with the Friedman tradition. The third is the use of the Phillips curve to represent the labour market. The book also deals with rationing equilibria and some extensions. It provides a neo-Walrasian synthesis of Patinkin's suggestions and new perspectives on Keynesian criticism of neoclassical theory.

Intertemporal macroeconomics relies on microeconomics and general equilibrium analysis to describe choices of agents over a long period of time, perhaps infinitely long. To this, methods of growth theory are linked and the effects of policy interventions are examined as the interaction between decisions of agents and policy interventions. Two basic approaches areexplored: models of infinitely-lived agents (Cass-Ramsey-Koopmans approach) and models of overlapping-generations (Allais-Fisher-Samuelson approach). In addition to fiscal policy, the more controversial questions concerning monetary models and monetary policies are considered. The book offers a framework and a systematic exploration of these and related questions. It also introduces models of endogenous growth, both real and monetary models.

The book provides an introduction to major topics in macroeconomic theory and offers the readers three tools for comparing different models:a mathematical reformulation of Say's Law, the use of income velocity of circulation of money as a behavioural function in accordance with the Friedman tradition and the use of the Phillips curve to represent the labour market.