Mon premier blog

Dynamic macroeconomic theory Thomas J. Sargent
Publisher: Harvard University Press

Boudreaux draws on Erik Lindahl's distinction between microeconomics and macroeconomics, emphasizing the . Jan 21, 2011 - If you want a good, detailed and intuitive explanation of dynamic programming, C-CAPM and much more look up Macroeconomic Theory: A Dynamic General Equilibrium Approach by Wickens, fantastic book. May 9, 2014 - While I think that microfoundations can be taken too far (I tend to think that consistency is all that should be required, and even then empirically successful macro theories that are inconsistent with micro theory can be stimuli for further micro research) this indirect role of evidence in macro can have a lot of benefits. Google, Microsoft) This assumption is of course nothing new to conventional macroeconomic theory. My views can be seen as a simple extension of Burton Klein's seminal work outlined in his books 'Dynamic Economics' and 'Prices, wages, and business cycles: a dynamic theory'. Where my analysis differs is in . Nov 3, 2011 - In instances where economies of scale or network effects dominate, a market may even be oligopolistic or monopolistic (e.g. Dynamic nature of a modern economy--going back last 150 years. Now we can accurately predict superstorm Sandy. Mar 14, 2012 - Such a rescue, if feasible, would necessarily be a theory only applicable as a close approximation to the short term because a dynamic system always escapes from a ghost point eventually. Micro is much more readily testable than macro .. It used to be impossible to model dynamic systems. Apr 13, 2009 - Don Boudreaux, of George Mason University, talks with EconTalk host Russ Roberts about the microfoundations of macroeconomics and the Austrian theory of business cycles. Example: some people decide they want to be healthier, want certain type of exercise equipment.