Money, Interest, and Policy: Dynamic General Equilibrium in a Non-Ricardian World

by Jean-Pascal Bénassy

Book Overview

An important recent advance in macroeconomics is the development of dynamic stochastic general equilibrium (DSGE) macromodels. The use of DSGE models to study monetary policy, however, has led to paradoxical and puzzling results on a number of central monetary issues including price determinacy and liquidity effects. In Money, Interest, and Policy, Jean-Pascal B nassy argues that moving from the standard DSGE models - which he calls "Ricardian"...

• Format: Paperback
• Language: English
• ISBN: 0262524937
• ISBN13: 9780262524933
• Release Date: January 2008
• Publisher: MIT Press
• Length: 196 Pages
• Weight: 0.60 lbs.
• Dimensions: 0.6" x 5.7" x 8.6"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher