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and Facts; The basic model: the consumption/saving choice; Allowing for a labor/leisure choice (the RBC model); Allowing … for non trivial investment decisions; Allowing for two goods; Introducing money; Introducing price setting; Introducing … basic models macroeconomists use to study fluctuations. The course is organized around nine topics/sections: Fluctuations …
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Economists have studied for a long time how decision-makers allocate scarce resources. The recent literature on rational inattention studies how decision-makers allocate the scarce resource attention. The idea is that decision-makers have a limited amount of attention and have to decide how to...
Persistent link: https://www.econbiz.de/10009395648
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
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integrated analysis of money, finance and macroeconomics and its application to changing institutional and historical …
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analysis of money, finance and macroeconomics and its appli-cation to changing institutional and historical circumstances, like …
Persistent link: https://www.econbiz.de/10011918712
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consumption function and the demand for money, not to mention monetary history, which helped to undermine the post World War 2 … case for a money growth rule, and the expectations augmented Phillips curve are then taken up, followed by a discussion of …
Persistent link: https://www.econbiz.de/10010291906
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