Optimal growth theory studies the problem of efficient resource allocation over time, a fundamental concern of economic … research. Since the 1970s, the techniques of nonlinear dynamical systems have become a vital tool in optimal growth theory … importance to modern economic theory. This book collects his major contributions in a single volume. Kazuo Nishimura has been …

This is a book on deterministic and stochastic Growth Theory and the computational methods needed to produce numerical … for fiscal and monetary policy analysis. Modern Business Cycle Theory, the New Keynesian Macroeconomics, the class of …

theory. This theory adopts three postulates: rational expectations, perfect price flexibility, and exclusion of the money in … author unifies Keynesian and monetarist theories within the same framework. The book applies the above basic theory to … international macroeconomics and economic growth theory. New Keynesian theory contains logical inconsistencies: menu costs that have …

growth. It asks, both in theory and in evidence, whether a change in the growth rate of the economy will affect the level of …