{"product_id":"macroeconomic-dynamics-paperback-9780521280150","title":"Macroeconomic Dynamics (Paperback) 9780521280150","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eMacroeconomic Dynamics\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eThis presentation of advanced macroeconomics emphasizes the dynamic behaviour of the economy.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eKeizo Nagatani (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521280150, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback, published 18 March 1982\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e256 pages\u003cbr\u003e22.8 x 15.2 x 1.5 cm, 0.348 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThis presentation of advanced macroeconomics emphasizes the dynamic behaviour of the economy. Developed capitalist economies are characterized by large stocks of durable goods and the intertemporal nature of economic decisions that these involve. Such intertemporal decisions based on expectations about an uncertain future are the main sources of mistakes and consequent economic fluctuations. In this book, therefore, macroeconomic theory and policy are viewed as applications of capital theory. Professor Nagatani traces the early contributions to this viewpoint and critically surveys the modern literature. To aid the reader, a lucid exposition of dynamic optimization is provided before the theory is developed analytically. The framework employed has novel aspects and captures the chief characteristics of advanced economies. The analysis is used to draw out broad policy conclusions. This book is suitable for advanced students, for whom examples are provided at the end of chapters. However, the perspective offers much to interest specialists also.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePreface\u003cbr\u003e 1. A historical review\u003cbr\u003e 2. Dynamic optimization\u003cbr\u003e 3. Hicksian temporary equilibrium and comparative dynamics\u003cbr\u003e 4. Rational-expectations models\u003cbr\u003e 5. Equilibrium theories of Keynesian unemployment\u003cbr\u003e 6. Savings and investment in Keynesian temporary equilibrium\u003cbr\u003e 7. Markets for stocks in Keynesian temporary equilibrium\u003cbr\u003e 8. Capital markets and money\u003cbr\u003e 9. Stabilization policies\u003cbr\u003e 10. Inflation\u003cbr\u003e 11. The economics of social security\u003cbr\u003e 12. Much ado about nothing?\u003cbr\u003e 13. Concluding comments\u003cbr\u003e Notes\u003cbr\u003e References\u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Macroeconomics [\u003ca title=\"See our other books on Macroeconomics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Macroeconomics%20%5BKCB%5D%22\"\u003eKCB\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46003460243736,"sku":"9780521280150","price":29.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521280150i_f4bedfa4-7b96-45e2-af1d-041b4a1ec555.jpg?v=1691374441","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/macroeconomic-dynamics-paperback-9780521280150","provider":"Freshly Printed Books","version":"1.0","type":"link"}