Macroeconomic Theory / Edition 2

by Thomas J. Sargent, Steve Heller

Overview

"Macroeconomic Theory", in its first edition, was widely adopted for use as a graduate text; this updated and expanded version should find even greater popularity as a text and as a research reference. It has been substantially revised to include three entirely new chapters: The Consumption Function, Government Debt and Taxes, and Dynamic Optimal Taxation. Significant additions have been made to three of the original chapters dealing with difference equations, stochastic difference equations, and investment under uncertainty.

Product Details

ISBN-13:	9780126197518
Publisher:	Emerald Group Publishing Limited
Publication date:	11/28/1987
Series:	Economic Theory, Econometrics, and Mathematical Economics
Edition description:	Subsequent
Pages:	536
Product dimensions:	5.98(w) x 9.02(h) x 1.30(d)

About the Author

Steve Heller has been a professional programmer for about 25 years, and is the President of Chrysalis Software Corporation, a consulting firm specializing in high-performance software, and practical, down-to-earth instructional materials. He is the author of two excellent books, Efficient C/C++ Programming and Who's Afraid of C++?.

Table of Contents

Nonstochastic Macroeconomics: Introduction. The "Classical" Model. The Keynesian Model. Tobins Dynamic Aggregative Model. Miscellaneous Topics. Dynamic Analysis of a Keynesian Model. The Investment Schedule. Introduction to Stochastic Macroeconomics: Behavior Under Uncertainty. Implicit Labor Contracts and Sticky Wages. Difference Equations and Lag Operators. Linear Least Squares Projections (Regressions). Linear Stochastic Difference Equations. The Consumption Function. Government Debt and Taxes. Investment Under Uncertainty. Dynamic Optimal Taxation. The Phillips Curve. Optimal Monetary Policy. Aspects of the New Classical Macroeconomics. Appendix: Formulas from Trigonometry. Exercises. References. Author Index. Subject Index.