Economies are constantly in flux, and economists have long sought reliable means of analyzing their dynamic properties. This book provides a succinct and access

The tasks of macroeconomics are to interpret observations on economic aggregates in terms of the motivations and constraints of economic agents and to predict t

The ABCs of RBCs is the first book to provide a basic introduction to Real Business Cycle (RBC) and New-Keynesian models. These models argue that random shocks�

A significant new edition of a text that offers both tools and sample applications; extensive revisions and seven new chapters improve and expand upon the origi

This book offers an introductory step-by-step course to Dynamic Stochastic General Equilibrium modelling. Modern macroeconomic analysis is increasingly concerne