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

Apr 17, 2014 - My project pertained to a field of macroeconomics known as Dynamic Stochastic General Equilibrium (DSGE) modeling. Jan 14, 2012 - (For example, David Romer's classic graduate text Advanced Macroeconomics.) At worst, it is presented as a classic fallacy. May 24, 2010 - Well, I conclude that it should be clear enough that this dynamic duo are primarily interested in pushing their own pet political agendas; they have no interest in pushing the frontier of economic theory Nothing wrong with this. May 12, 2014 - In applying an equilibrium game theory model to explain dynamic phenomena, we're doing the equivalent of using a snapshot to describe the behavior with the stampede. Sep 10, 2011 - A.4: Dynamic Optimization A.5: Stochastic Equations. The predictions typically describe a dynamic that is not precise chronologically, but which goes through a series of recognisable stages. These can be checked against how events actually unfolded. Jun 3, 2011 - Most mainstream macroeconomic theoretical innovations since the 1970s (the New Classical rational expectations revolution associated with such names as Robert E. This book deals with the genesis and dynamics of exchange rate crises in fixed or managed exchange rate systems. Jul 30, 2012 - This post relates to the ongoing blog debate on "the state of macroeconomics", which I contributed to here, and which has drawn in a whole host of economics bloggers who know far more about modern macroeconomic theory than I do. In order to solve these "This is perhaps the perfect book to learn how to solve quantitative macroeconomics models. Lucas Jr., Edward Prescott, Thomas Sargent, Robert Barro etc, and the New Keynesian theorizing of Michael On the matter of mathematical assumptions turning up in dynamic programming problems, and their unjustified inclusion as assumptions about the behaviour of real people in real markets:. Aug 30, 2008 - Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models.