Important empirical aspects are featured as well.'John Donaldson, Columbia Business School As an introduction to general equilibrium macro-modeling cum asset pricing, it is exceptional, most especially for beginning researchers. All the necessary understanding is built up from scratch in the early chapters of the book, giving the reader an excellent preparation for later chapters. Concepts and model constructs discussed are clearly and precisely laid out, always in the context of ample intuition. Includes end-of-chapter exercises allowing readers to monitor their understanding of each topicOnline resources are available at 'This is an excellent text from many perspectives.Covers latest research on asset pricing in overlapping generations models and on models with borrowing constraints and transaction costs.Reviews business cycle analysis and the business cycle implications of monetary and international models. Sequentially builds up the analysis of consumption, production, and investment models to study their implications for allocations and asset prices.Develops simple recursive approach for analyzing a variety of problems in a dynamic, stochastic environment.Introduces key concepts in finance in a discrete time setting.Provides a consistent framework for understanding dynamic economic models.It provides students, practitioners, and policymakers with an easily accessible set of tools that can be used to analyze a wide range of economic phenomena. This introduction to general equilibrium modelling takes an integrated approach to the analysis of macroeconomics and finance. Description Product filter button Description
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