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Published: 10 November 2015

240 Pages | 21 Figures, 3 Tables

8.5 x 5.4 inches

ISBN: 9780198743767

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Bookseller Code (06)

Macroeconomics at the Service of Public Policy

Edited by Thomas J. Sargent and Jouko Vilmunen

  • Co-edited by Thomas J. Sargent, winner of 2011 Nobel Prize in Economics
  • Showcases the breadth and sophistication of modern macroeconomic analysis aligned with the philosophy and approach undertaken by Seppo Honkapohja
  • Answers key questions about how the economy functions and how policy should be conducted. Includes contributions on the market as a bearer of risk, the European Debt crisis, and possible stagflation of the US economy
  • Shows the reader how to build general equilibrium models and apply general equilibrium reasoning
  • Explains how alternative expectation formation mechanisms, and learning dynamics, shape macroeconomic outcomes
  • Includes material on Learning and Model Selection, Learning and Model Validation, and Adaptive Learning and Stagnation Regimes