Trends and Fads in Macroeconomic Dynamics

This paper tries to distinguish between those features of macroeconomic dynamics which will stand the test of time and which will not. It reviews the rational expectations and the representative agent models. It concludes that more attention should be paid to nonlinear dynamics and uncertainty than has hitherto been paid by macroeconomists.

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Year of publication:	1996
Authors:	Turnovsky, Stephen J.
Published in:	Indian Economic Review. - Department of Economics. - Vol. 31.1996, January, 1, p. 23-40
Publisher:	Department of Economics

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Type of publication:	Article
Classification:	E13 - Neoclassical ; E32 - Business Fluctuations; Cycles ; E40 - Money and Interest Rates. General ; E60 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005824039