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Introduction to dynamic macroeconomic theory:

an overlapping generations approach
Front Cover
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Harvard University Press, 1991 - Business & Economics - 372 pages

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74 pages matching consumption when young in this book

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Contents

Describing the Environment
5
Competitive Equilibrium
32
Introducing a Government
55
Copyright

10 other sections not shown

Other editions - View all

Introduction to Dynamic Macroeconomic Theory: An Overlapping Generations ...
Introduction to Dynamic Macroeconomic Theory: An Overlapping Generations ...
George T. McCandless, Jr.,Neil Wallace
Limited preview - 1991
Introduction to dynamic macroeconomic theory: an overlapping generations ...
Introduction to dynamic macroeconomic theory: an overlapping generations ...
George T. McCandless,Neil Wallace
Snippet view - 1991

Common terms and phrases

45-degree line A-period bonds aggregate savings function amount arbitrage assets autarky Bailey curve bequests bliss point borrowing and lending budget line capital stock Chapter chooses competitive equilibrium Consider an economy consumption allocation consumption point consumption when old consumption when young credit controls crop endowment point equal Equation equilib equilibrium condition equilibrium price example economy exchange rate EXERCISE expected price fiat money Figure given gives government bonds government revenues gross interest rate growth rate hold indifference curve individual h inflation labor lifetime budget constraint market clearing maximize member h money creation money supply output Pareto optimal Pareto superior perfect foresight period person h pm(t present value price of land price path price sequence private borrowing Proposition purchase quantity rate of growth rate of return reserve requirement restrictions result Ricardian equivalence seignorage solve stationary equilibrium stationary monetary equilibrium storage sumption tax-transfer scheme taxes and transfers temporary equilibrium tion utility function

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Bibliographic information

QR code for Introduction to dynamic macroeconomic theory
TitleIntroduction to dynamic macroeconomic theory: an overlapping generations approach
AuthorsGeorge T. McCandless, Neil Wallace
Editionillustrated
PublisherHarvard University Press, 1991
Original fromthe University of California
Digitized14 Aug 2008
ISBN0674461118, 9780674461116
Length372 pages
Subjects ›  › 

Business & Economics / Economics / General
Business & Economics / Economics / Macroeconomics
Equilibrium (Economics)
Equilibrium (Economics) - Mathematical models
Equilibrium (Economics)/ Mathematical models
Macroeconomics
  
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