Problems in Macroeconomic Theory Solutions to Exercise from Thomas J. Sargent's "Macroeconomic Theory"

Book details for Problems in Macroeconomic Theory

Series: Economic Theory, Econometrics, and Mathematical Economics 

Edition: 2nd Revised edition

Contributor(s): Charles H. Sargent (editor), Charles H. Whiteman (editor),

Format: Paperback, 229 x 152 x 15mm , 266 pp

Publication date: 02 Nov 1987

Imprint: Academic Press Inc

ISBN: 9780126197525

Price: £27.95

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Synopsis

This manual presents detailed solutions to all the problems contained in Thomas Sargent's Macroeconomic Theory, Second Edition. The material in Sargent's book is up-to-date and challenging. The exercises not only illustrate the theoretical foundations of macroeconomic research but also treat issues and problems from the recent literature. This manual serves as a useful reference for students and researchers alike.

Reviews

"The problems are worked out quite carefully. Hence, the manual is indeed a useful reference for students and researchers." --MATHEMATICAL REVIEWS

Contents

Nonstochastic Macroeconomics: The Keynesian Model. Tobin's Dynamic Aggregative Model. Dynamic Analysis of a Keynesian Model. Introduction to Stochastic Macroeconomics: Implicit Labor Contracts and Sticky Wages. Difference Equations and Lag Operators. Linear Least Squares Projections (Regressions). Linear Stochastic Difference Equations. Investment Under Uncertainty. Dynamic Optimal Taxation. The Phillips Curve. Optimal Monetary Policy. Aspects of the New Classical Macroeconomics.