Reconstructing Macroeconomics (English, Masanao Aoki | Hiroshi Yoshikawa)
by Masanao Aoki | Hiroshi Yoshikawa
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Book Details
Publisher
Cambridge University Press
Language
English
ISBN-13
9780521831062
ISBN-10
0521831067
Author
Masanao Aoki | Hiroshi Yoshikawa
About the Book
The authors treat macroeconomic models as composed of large numbers of micro-units or agents of several types and explicitly discuss stochastic dynamic and combinatorial aspects of interactions among them. In mainstream macroeconomics sound microfoundations for macroeconomics have meant incorporating sophisticated intertemporal optimization by representative agents into models. Optimal growth theory, once meant to be normative, is now taught as a…
ISBN: 9780521831062
ISBN-13: 9780521831062
ISBN-10: 0521831067
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Product ID: isbn-9780521831062
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