Representative Agent in Macroeconomics

Name: Representative Agent in Macroeconomics
Author: James E Hartley

Specificaties

Gebonden, 240 blz. | Engels

Taylor & Francis | 1e druk, 1997

ISBN13: 9780415146692

Rubricering

Juridisch :

Taylor & Francis 1e druk, 1997 9780415146692

Onderdeel van serie Routledge Frontiers of Political Economy

246,50

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Samenvatting

Rpresentative agent models have become a predominant means of studying the macroeconomy in modern economics without there being much discussion in the literature about their propriety or usefulness. This volume evaluates the use of these models in macroeconomics, examining the justifications for their use and concluding that representative agent models are neither a proper nor a particularly useful means of studying aggregate behaviour.