The Representative Agent in Macroeconomics
Download or Read eBook The Representative Agent in Macroeconomics PDF written by James E Hartley and published by Routledge. This book was released on 2002-01-04 with total page 244 pages. Available in PDF, EPUB and Kindle.
| Author | : James E Hartley |
| Publisher | : Routledge |
| Total Pages | : 244 |
| Release | : 2002-01-04 |
| ISBN-10 | : 9781134756803 |
| ISBN-13 | : 1134756801 |
| Rating | : 4/5 (03 Downloads) |
Book Synopsis The Representative Agent in Macroeconomics by : James E Hartley
Book excerpt: Rpresentative agent models have become a predominant means of studying the macroeconomy in modern economics without there being much discussion in the literature about their propriety or usefulness. This volume evaluates the use of these models in macroeconomics, examining the justifications for their use and concluding that representative agent models are neither a proper nor a particularly useful means of studying aggregate behaviour.
