Introduction to Dynamic Macroeconomic Theory: An Overlapping Generations Approach

by George McCandless and Neil Wallace

Economies are constantly in flux, and economists have long sought reliable means of analyzing their dynamic properties. This book provides a succinct and accessible exposition of modern dynamic (or intertemporal) macroeconomics. The authors use a microeconomics-based general equilibrium framework, specifically the overlapping generations model, which assumes that in every period there are two generations which overlap. This model allows the authors...

• Format: Hardcover
• Language: English
• ISBN: 0674461118
• ISBN13: 9780674461116
• Release Date: January 1992
• Publisher: Harvard University Press
• Length: 384 Pages
• Weight: 1.55 lbs.
• Dimensions: 1.1" x 6.1" x 9.6"