Advanced Modern Macroeconomics: Analysis and Application
By: Max Gilman (author)Paperback
1 - 2 weeks availability
Modern Macroeconomics, by Max Gillman, takes a new and modern approach to macroeconomic theory using microeconomic foundations. Building from the standard neo-classical models, Gillman has developed a new dynamic model which works to explain business cycles and unemployment, why you can have a banking lead recession as well as fiscal and monetary policy. Although strong in mathematical rigour all calculations in this text are fully derived and graphs provide a direct representation making it accessible. This text is suitable for undergraduate students studying Advanced Macroeconomics courses.
Max Gilman is a highly respected Professor of Macroeconomics at Cardiff University and Director of PG studies. He was educated at Chicago University, where Barro and Lucas, the founders of a micro foundation approach to macroeconomics were his PHD supervisors. He has written many research articles on micro foundation approaches to macroeconomics and is well known in research circles such as MMFRG (Money, Macro and Finance Research Group). He is also Research Associate at the Institute of Economics, Hungarian Academy of Sciences.
Preface Acknowledgements Part 1 MICROFOUNDATIONS OF MACROECONOMICS 1 Overview of the book Part 2 LABOUR AND GOODS MARKETS 2 Labour, leisure and productivity 3 Employment cycles and taxes 4 Trade in labour and goods markets Part 3 CAPITAL AND GOODS MARKETS 5 Savings and investment 6 Capital policy and business cycles 7 Trade in physical capital markets Part 4 MODERN AS--AD 8 Dynamic analysis and AS--AD 9 Employment 10 Dynamic AS--AD solution methodology Part 5 GROWTH, HUMAN CAPITAL AND BUSINESS CYCLES 11 Exogenous growth 12 Human capital and endogenous growth 13 Explaining cycles and trends 14 International trade Part 6 RISK, BANKING AND ASSETS 15 Incomplete markets and banking 16 Investment and banking productivity 17 Asset prices and finance Part 7 FISCAL AND MONETARY POLICY 18 Public finance 19 Taxes and growth 20 Monetary theory and policy Index
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