Macroeconomic Theory

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Academic Press, 1979 - Business & Economics - 404 pages
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Macroeconomic Theory, in its first edition, was widely adopted for use as a graduate text; this updated and expanded version should find even greater popularity as a text and as a research reference. It has been substantially revised to include three entirely new chapters: The Consumption Function, Government Debt and Taxes, and Dynamic Optimal Taxation. Significant additions have been made to three of the original chapters dealing with difference equations, stochastic difference equations, and investment under uncertainty.Key Features* This book has been substantially revised to include three entirely new chapters on consumption, government debt and taxes, and dynamic optimal taxation* Significant additions have been made to three of the original chapters dealing with difference equations, stochastic difference equations, and investment under uncertainty

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Contents

THE CLASSICAL MODEL
6
THE KEYNESIAN MODEL
46
The Firms Optimization Problem
74
Copyright

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About the author (1979)

is Donald Lucas Professor of Economics, Stanford University, and Senior Fellow at the Hoover Institution at Stanford. He is author of many articles and books on macroeconomic theory, most recently Bounded Rationality in macroeconomics.

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