Representative Agent in Macroeconomics
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A01=James E Hartley
agents
aggregate behaviour analysis
Aggregate Consumption Function
Aggregation Bias
aggregation problem
aggregative
Author_James E Hartley
Category=KCB
Category=KCP
Competitive Equilibrium
Competitive Equilibrium Allocation
Concave Programming Problems
critique
economic modelling techniques
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
expectations
Granger Causality
hypothesis
lucas
Lucas Critique
Lucas critique analysis
macroeconomic methodology
Marshall's Representative Firm
Marshallian Methodology
Marshall’s Representative Firm
Mathematical Expression
Measured Risk Premium
microeconomic
Microeconomic Agents
Microfoundational Model
microfoundations debate
model
Modern Microeconomic Theory
problems
rational
Rational Expectations Hypothesis
Real Business Cycle Model
Representative Agent
Representative Agent Assumption
Representative Agent Framework
Representative Agent Models
Representative Firm
Sargent's Model
Sargent’s Model
Theoretical Presumption
Walrasian economics
Walrasian Model
Walrasian Tradition
Product details
- ISBN 9780415146692
- Weight: 544g
- Dimensions: 156 x 234mm
- Publication Date: 03 Jul 1997
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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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.
James E. Hartley is Assistant Professor of Economics at Mount Holyoke College, Massachusetts
