Dynamic Macroeconomic Theory

by Thomas J. Sargent

Book Overview

The tasks of macroeconomics are to interpret observations on economic aggregates in terms of the motivations and constraints of economic agents and to predict the consequences of alternative hypothetical ways of administering government economic policy. General equilibrium models form a convenient context for analyzing such alternative government policies. In the past ten years, the strengths of general equilibrium models and the corresponding...

• Format: Hardcover
• Language: English
• ISBN: 0674218779
• ISBN13: 9780674218772
• Release Date: February 1987
• Publisher: Harvard University Press
• Length: 384 Pages
• Weight: 1.60 lbs.
• Dimensions: 1.2" x 6.4" x 9.6"

Customer Reviews

Still a Useful Introduction

Although Ljungqvist's & Sargent's Recursive Macroeconomic Theory has surpassed it as the standard graduate macroeconomics text, I found this earlier text by Sargent more useful for understanding the basics of dynamic programming. (Nor am I alone among my fellow grad students.) If you're pursuing a PhD in Economics, it may still have a place on your bookshelf.

Outstanding for PhD macroeconomists!

Sargent is a leader in modern macroeconomic research. Anybody that is working toward a PhD in Economics with a concentration in Macroeconomics ought to study this book. Other people are quite likely to find the book to be much too difficult and abstract.