2 edition of Game theory in macroeconomic policy. found in the catalog.
Game theory in macroeconomic policy.
K. . Blackburn
Combining powerful insights from theory with close observation of data, Robert Barro's new book goes a long way toward the establishment of an empirically based macroeconomic first presents a positive theory of government economic policymaking by using applied game theory to model strategic interactions between policymakers and the private sector. part viii: short-run fluctuations and macroeconomic policy The authors focus on unemployment as the lens through which first-year economics students can most easily understand aggregate fluctuations. They put the labor market at the center of the short-run analysis, while also discussing the important role of financial markets and the.
these books you will be referred to important papers which apply game theory to diﬀerent areas of economics. If as a result of this course (or in spite of it) you become ‘hooked’ on Game Theory the book that you need to turn to, sooner or later, is Game Theory by Fudenberg and Tirole, MIT Press. Elements of a ‘Game’File Size: KB. Find many great new & used options and get the best deals for Theory of Macroeconomic Policy by M. H. Peston (, Hardcover) at the best online prices at .
Welcome to the course! My name is Doha, and over the next ten days, I’ll guide you through the most important concepts of macroeconomics. We will discuss economic systems such as marxism, capitalism, and socialism. You’ll learn about pioneers of economics, business cycles, economic growth, and game theory. In many ways, the notion of equilibrium in game theory that bears his name is the central concept in game theory, which has led to a revolution in the field of economics. This book, by bringing together Nash's work in game theory and in mathematics, will allow readers to appreciate the scope of his work."--David M. Kreps, Stanford Business School.
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This paper surveys some macroeconomic applications of dynamic game theory. We begin by defining dynamic games and their solution concepts. We then turn to the applications and cover the following areas: economic growth and income distribution, macroeconomic stabilization, interaction between the government and the private sector, international Cited by: Macroeconomic variables can then be computed by summing up the actions of all individuals.
This approach has at least two main beneﬁts. First, to the extent that the deep parameters describing preferences and constraints are approximated reasonably well, the theory can provide reliable predictions over any number of hypothetical policy.
“In a clear, Myersonian writing style, this book systematically describes our state-of-the-art knowledge of game theory. Written as an introductory text, it looks at the subject from the viewpoint of a newcomer to the field, beginning with utility theory and arriving at the most sophisticated ideas discussed by: Combining powerful insights from theory with close observation of data, Robert Barro’s new book goes a long way toward the establishment of an empirically based macroeconomic theory.
Barro first presents a positive theory of government economic policymaking by using applied game theory to model strategic interactions between policymakers and 5/5(1). This volume's subject and purpose is the investigation of economic policy issues with the help of non-co-operative game theory.
The most important feature of the work is an examination of the possible strategic interactions between various economic agents and/or institutions. Notes on Macroeconomic Theory.
This note explains the following topics: Simple Representative Agent Models, Growth With Overlapping Generations, Neoclassical Growth and Dynamic Programming, Endogenous Growth, Choice Under Uncertainty, Consumption and Asset Pricing, Search, Money and Unemployment, Overlapping Generations Models of Money, A Cash-In.
Combining powerful insights from theory with close observation of data, Robert Barro’s new book goes a long way toward the establishment of an empirically based macroeconomic theory.
Barro first presents a positive theory of government economic policymaking by using applied game theory to model strategic interactions between policymakers and.
Game Theory in Macroeconomic Policy GAMES BETWEEN POLITICAL PARTIES TABLE 2 Summary of Main References on Games Involving Political Parties Political Business Cycles Alesina (, ) Alesina and Cukierman () Rogoff (b) Rogoff and Silbert () Strategic Debt Management Alesina and Tabellini (a) Cukierman and Meltzer (b Author: K.
Blackburn. Subject and purpose of the book is the investigation of economic policy issues with the help of non-cooperative game most important feature of our work is to look at the possible strategic interactions between various economic agents and/or institutions. We are also investigating the.
Macroeconomics (from the Greek prefix makro-meaning "large" + economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies.
While macroeconomics is a broad field of study, there are two areas of research that are emblematic of the discipline: the. The Blockchain Alternative offers sensible corrections to outdated and incorrect dogmas, such as the efficient markets hypothesis and rational expectations theory.
You’ll also be introduced to universal basic income, the consequences of going cashless, why complexity economics needs to be understood and what kinds of tools and theories you'll. Get this from a library. Macroeconomic policy coordination of interdependent economies: the game-theory approach in a static framework.
[Juan Carlos Martínez Oliva]. Lecture Notes Microeconomic Theory. This lecture note covers the following topics: Modern Economics and Mathematics, Individual Decision Making, Consumer Theory, Production Theory, Choice Under Uncertainty, Strategic Behavior and Markets, Game Theory, Theory of the Market, General Equilibrium Theory and Social Welfare, Normative Theory of Equilibrium: Its Welfare.
Subject and purpose of the book is the investigation of economic policy issues with the help of non-cooperative game theory. The most important feature of our work is to look at the possible strategic interactions between various economic agents and/or institutions.
This report is a partial result of the China’s Quarterly Macroeconomic Model (CQMM), a project developed and maintained by the Center for Macroeconomic Research (CMR) at Xiamen Available Formats: Hardcover eBook.
Optimization of cost, revenue and profit with the help of theory of cost and production. Illustrate how economic changes affect.
Game theory is conflict and cooperation; the agents are interdependent on the actions of others. These agents are individuals, groups, firms or a combination of these combined. Game theory provides a language to formulate, structure, analyze and understand different circumstances (Turocy and Stengel, p.4).
Macroeconomic Theory and Policy The Selected Essays of Richard G. Lipsey Volume Two Richard G. Lipsey Fellow, Canadian Institute for Advanced Research and Professor of Economics, Simon Fraser University, Canada ECONOMISTS OF THE TWENTIETH CENTURY Edward Elgar Cheltenham,US.
Essentials Of Advanced Macroeconomic Theory. Welcome,you are looking at books for reading, the Essentials Of Advanced Macroeconomic Theory, you will able to read or download in Pdf or ePub books and notice some of author may have lock the live reading for some of ore it need a FREE signup process to obtain the book.
The topic of time-inconsistency is a case in point for a successful application of dynamic game theory that - although of enormous influence on the theory and practice of economic policy -.
"Macroeconomic Theory" is the most up-to-date graduate-level macroeconomics textbook available today. This book truly offers something new by emphasizing the general equilibrium character of macroeconomics to explain effects across the whole economy, not just part/10(12).Macroeconomic Theory by Michael Wickens Book Resume: Macroeconomic Theory is the most up-to-date graduate-level macroeconomics textbook available today.
This revised second edition emphasizes the general equilibrium character of macroeconomics to explain effects across the whole economy while taking into account recent research in the field. Game Theory in Action is a textbook about using game theory across a range of real-life scenarios.
From traffic accidents to the sex lives of lizards, Stephen Schecter and Herbert Gintis show students how game theory can be applied in diverse areas including animal behavior, political science, and economics/5(34).