who value microfoundations and view micro-lev …

This book aims to explain to the readers the basic idea of the general equilibrium theory, which forms the core of the … current mainstream economics called neoclassical school. To understand this theory is absolutely necessary, either to study …

approach is used to study the effects of an inflation rate change on inequality. These effects are found to be temporary and to … policy rule of all agents due to individual skill and capital endowments. This implies a transitory effect of inflation rate …

study of dynamic general equilibrium theory, the concept of sunspot equilibria, and general equilibrium theory when markets …, including the study of dynamic general equilibrium, the concept of sunspot equilibria, and general equilibrium theory when …

Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. Many mathematical … serves as an introduction to the modern theory of distribution economics. Applications include the dynamics of the income …

Lukas Heim evaluates the performance of a price-level targeting rule compared to that of a standard inflation targeting …, and several additional structural disturbances. The results show that - exactly as expected - the volatility of inflation …-side shocks. Since inflation and output are targeted simultaneously, none of the two policies is strictly dominant. Contents …