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Models for Dynamic Macroeconomics

Fabio-Cesare Bagliano and Giuseppe Bertola


Introduces methodological tools for dynamic analysis of macroeconomic phenomena: consumption and investment choices, employment, and unemployment outcomes, and economic growth. Discrete‐time dynamic optimization under uncertainty is introduced in Ch. 1 and applied to intertemporal consumption theory, with particular attention to empirical implementation. Chapter 2 focuses on continuous‐time optimization techniques and discusses the relevant insights in the context of partial equilibrium investment models. Chapter 3 applies previous chapters’ tools to dynamic labour demand, deriving the labour ... More

Keywords: consumption, coordination failures, dynamic optimization, economic growth, externalities, investment, labour demand, uncertainty, unemployment

Bibliographic Information

Print publication date: 2004 Print ISBN-13: 9780199266821
Published to Oxford Scholarship Online: January 2005 DOI:10.1093/0199266824.001.0001


Affiliations are at time of print publication.

Fabio-Cesare Bagliano, author
Professor of Economics in the Faculty of Economics, University of Turin
Author Webpage

Giuseppe Bertola, author
Professor of Economic Policy in the Faculty of Political Science, University of Turin