Introduction to dynamic macroeconomic theory : an overlapping generations approach /
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| Author / Creator: | McCandless, George T. |
|---|---|
| Imprint: | Cambridge, Mass. : Harvard University Press, 1991. |
| Description: | xii, 372 p. : ill. ; 24 cm. |
| Language: | English |
| Subject: | |
| Format: | Print Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/1313528 |
Table of Contents:
- Preface
- Part 1. Real Economies
- 1. Describing the Enviroment Time
- The Population
- Total Resources Feasible
- Consumption Allocations
- Efficient Consumption Allocations
- Preferences Pareto Optimality Reprise
- 2. Competitive Equilibrium Private
- Ownership Competitive Intragenerational
- Trade Consumption Decisions
- An Example Savings Function Competitive Equilibrium
- An Example of a Competitive Equilibrium Reprise
- 3. Introducing a Government Taxes Government
- Borrowing Ricardian Equivalence
- Rolling Over Government Debt
- Equivalence between Equilibria with Bonds and Tax-Transfer
- Schemes Reprise
- Appendix: Proof of Ricardian Equivalence
- 4. Bequests Generation 0
- Cares about Generation 1
- Diversity within Generations
- All Generation Care about
- Their Children Reprise
- 5. Long-Term Government Bonds k-Period
- Bonds Temporary Equilibrium
- Perfect Foresight
- Term Structure of Interest Rates Reprise
- 6. Infinitely Lived Assets
- Temporary Equilibrium with Land An Example
- A Price Function Perfect
- Foresight Competitive Equilibria
- Three Example Economies
- The Price of Land and the Crop International Capital Movements Reprise
- 7. Equilibrium Fluctuations Real Cycles Multiple
- Nonstationary Equilibria Equilibria with the Crop Reprise
- 8. A Storage Technology Feasible
- Allocations Competitive Equilibrium Finding a Competitive Equilibrium Reprise
- 9. The Neoclassical Growth Model
- The Physical Environment and the Feasible
- Allocations Equilibrium Outputs, Inputs, and Factor Rentals at Each Date
- The Individual Choice Decision under Perfect Foresight
- A Definition of Equilibrium Equilibrium Paths when n=1 and g=0 Equilibrium Paths when n> 1 and g=0 Equilibrium Paths when n=1 and g> 0
- Differential Savings Rates Reprise
- Part 2. Monetary Economies
- 10. Money and Inflation Equilibria with fixed Money
- Supply Fiat Money and Other Assets
- Inflation Money Creation and Inflation
- Seignorage Nonoptimality of Seignorage Reprise
- 11. Multiple Currencies and Exchange Rates
- Independence with Laissez-Faire Floating Rates Seignorage in a Multiple
- Money World Portfolio Autarky Regimes Reprise
- 12. Legal Restrictions and Monetary Policy
- Comsumption Choice under Credit Controls
- Equilibrium Conditions under Credit Controls Monetary Policy
- The Government Individual Choice with Requirements and No Government
- Bonds Equilibrium with Reserve Requirements and No Government
- Bonds A Two-Group Example of a Binding Equilibrium
- Large Denomination Bonds Stationary Equilibrium with Large Denomination
- Bonds Reprise
- References
- Index