Intertemporal Macroeconomics

Intertemporal Macroeconomics is the first text to offer a unified and systematic exposition of the key issues, both traditional and new, in dynamic macroeconomics. Based on neoclassical growth theory, the book is designed for graduate and advanced undergraduate students in macroeconomics and finance. It contains an integrated survey of non–linear dynamics written especially for economists and up–to–date statements of the overlapping generations model ranging from theoretical foundations to policy applications.
Costas Azariadis has also provided extensive coverage of many recent developments in the entire range of macroeconomics including endogenous technical progress and its implications for economic development; intergenerational transfers and Ricardian equivalence; expectations, multiple equilibria and market volatility; least squares learning; laboratory experiments in monetary economics; and other topics.
Emphasis is placed on geometric and pedagogical tools which build mathematical models of dynamic economics from their foundations. There are thirty solved examples throughout the book, as well as ample problem sets designed to take readers from simple drill exercises to creative questions on topics of current research.

Spis treści:
Part I: Discrete Dynamical Systems:.
Introduction to Part One.
Scalar Linear Equations.
Stockmarket Bubble.
Linear Systems.
Exchange–Rate Dynamics.
Nonlinear Systems.
The Structure of Growth Models.
Periodic Equilibria and Bifurcations.
Endogenous Fluctuations.
Technical Appendices.
Footnotes.
Bibliography.
Questions for Study.
Part II: Intertemporal Allocation:.
Introduction to Part Two.
Overlapping Generations.
Intertemporal Optimality.
Neoclassical Growth Theory.
Economic Development.
Advanced Topics.
Summing Up.
Technical Appendix.
Footnotes.
Bibliography.
Questions for Study.
Part III: National Debt and Fiscal Policy:.
Introduction to Part Three.
Balanced Policies.
Deficits in Exchange Economies.
Deficits in Growing Economies.
Advanced Topics.
Summing Up.
Footnotes.
Bibliography.
Questions for Study.
Part IV: Money and Asset Prices:.
Introduction to Part Four.
Fundamentals and Bubbles in Asset Prices.
The Quantity of Money.
Inflationary Finance.
Rational Expectations.
Market Psychology.
Advanced Topics.
Summing Up.
Footnotes.
Bibliography.
Questions for Study.

Nota biograficzna:
Costas Azariadis is Professor of Economics at the University of Pennsylvania. He began his academic career in Athens where he completed his undergraduate work in engineering. His graduate studies in Economics were undertaken at Carnegie–Mellon University and he was then appointed Assistant Professor of Economics at Brown University. He gained his present position in 1977 and he has also held visiting appointments at Hebrew University, Princeton, Montreal, IMPA and UCLA. His research interests include unemployment, multiple equilibria and growth theory and he has been widely published in leading American and European journals.

Okładka tylna:
Intertemporal Macroeconomics is the first text to offer a unified and systematic exposition of the key issues, both traditional and new, in dynamic macroeconomics. Based on neoclassical growth theory, the book is designed for graduate and advanced undergraduate students in macroeconomics and finance. It contains an integrated survey of non–linear dynamics written especially for economists and up–to–date statements of the overlapping generations model ranging from theoretical foundations to policy applications.
Costas Azariadis has also provided extensive coverage of many recent developments in the entire range of macroeconomics including endogenous technical progress and it s implications for economic development; intergenerational transfers and Ricardian equivalence; expectations, multiple equilibria and market volatility; least squares learning; laboratory experiments in monetary economics; and other topics.
Emphasis is placed on geometric and pedagogical tools which build mathematical models of dynamic economics from their foundations. There are thirty solved examples throughout the book, as well as ample problem sets designed to take readers from simple drill exercises to creative questions on topics of current research.