Transcription of Lecture notes for Macroeconomics I, 2004
{{id}} {{{paragraph}}}
Example: bankruptcy
Lecture notes for Macroeconomics I, 2004
Lecture notes for Macroeconomics I, 2004 Per KrusellPlease do NOT distribute without permission!Comments and suggestions are 1 IntroductionThese Lecture notes cover a one-semester course. The overriding goal of the course isto begin provide methodological tools for advanced research in Macroeconomics . Theemphasis is on theory, although data guides the theoretical explorations. We build en-tirely on models with microfoundations, , models where behavior isderivedfrom basicassumptions on consumers preferences, production technologies, information, and so is always assumed to be rational: given the restrictions imposed by the primi-tives, all actors in the economic models are assumed to maximize their studies emphasize decisions with a time dimension, such as variousforms of investments. Moreover, it is often useful to assume that the time horizon isinfinite.
nology allowing \endogenous growth", i.e. the growth rate in the model is nontrivially determined, at least in the sense that difierent types of behavior correspond to difierent growth rates. Savings rates that are very low will even make the economy shrink - if sA + 1 ¡ – goes below one. Keeping in mind that savings rates are probably in ...
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: