Library

Home > Library > Macroeconomic theory and evidence in practice

Macroeconomic theory and evidence in practice

Author Andy Yeh Alpha

This book presents many useful mathematical exercises in postgraduate macroeconomic theory and practice. Many quantitative exercises, examples, codes, and solutions draw from the collective wisdom of macroeconomic books by Acemoglu, Barro, Lucas, Prescott, Romer, and Sargent. The reader can benefit from these solutions with many mathematical equations and notations to become familiar with the core curriculum for postgraduate macroeconomic theory and practice. The core topics cover baseline macroeconomic time-series analysis, Lucas critique, Kydland-Prescott time-inconsistency problem of rule versus discretion, Solow-Swan steady-state growth model, Friedman permanent income hypothesis, human capital accumulation, investment-specific technological progress, recursive successive approximation, first-order Euler equation, transversality condition, Bellman dynamic programming optimization, Arrow-Debreu initial competitive equilibrium, sequential competitive equilibrium, recursive competitive equilibrium, Krusell skill-capital complementarity and skill-driven income inequality, Lucas tree asset pricing model, Mehra-Prescott equity premium puzzle, Barro fiscal stabilization, Ricardian equivalence theorem, dynamic stochastic general equilibrium (DSGE), Cass-Koopmans-Ramsey (CKR), real business cycle (RBC), and so forth.

Description:

This book presents many useful mathematical exercises in postgraduate macroeconomic theory and practice. Many quantitative exercises, examples, codes, and solutions draw from the collective wisdom of macroeconomic books by Acemoglu, Barro, Lucas, Prescott, Romer, and Sargent. The reader can benefit from these solutions with many mathematical equations and notations to become familiar with the core curriculum for postgraduate macroeconomic theory and practice. The core topics cover baseline macroeconomic time-series analysis, Lucas critique, Kydland-Prescott time-inconsistency problem of rule versus discretion, Solow-Swan steady-state growth model, Friedman permanent income hypothesis, human capital accumulation, investment-specific technological progress, recursive successive approximation, first-order Euler equation, transversality condition, Bellman dynamic programming optimization, Arrow-Debreu initial competitive equilibrium, sequential competitive equilibrium, recursive competitive equilibrium, Krusell skill-capital complementarity and skill-driven income inequality, Lucas tree asset pricing model, Mehra-Prescott equity premium puzzle, Barro fiscal stabilization, Ricardian equivalence theorem, dynamic stochastic general equilibrium (DSGE), Cass-Koopmans-Ramsey (CKR), real business cycle (RBC), and so forth.

 

Although this book does not serve as an attempt to cover all relevant areas of postgraduate macroeconomic theory and practice, this book encapsulates myriad hard and solid exercises that require mathematical logic to derive macroeconomic results. The editor puts a great emphasis on macroeconomic intuition and analytical rigor for the reader to better appreciate the substantive content of postgraduate macroeconomic theory and practice. This content spans at least a full year of twin sequential courses on macroeconomic theory and practice.

 

This analytic ebook cannot constitute any form of financial advice, analyst opinion, recommendation, or endorsement. We refrain from engaging in financial advisory services, and we seek to offer our analytic insights into the latest economic trends, stock market topics, investment memes, and other financial issues. Our proprietary alpha investment algorithmic system helps enrich our AYA fintech network platform as a new social community for stock market investors: https://ayafintech.network.

 

We share and circulate these informative posts and essays with hyperlinks through our blogs, podcasts, emails, social media channels, and patent specifications. Our goal is to help promote better financial literacy, inclusion, and freedom of the global general public. While we make a conscious effort to optimize our global reach, this optimization retains our current focus on the American stock market.


This ebook shares new economic insights, investment memes, and stock portfolio strategies through both blog posts and patent specifications on our AYA fintech network platform. AYA fintech network platform is every investor's social toolkit for profitable investment management. We can help empower stock market investors through technology, education, and social integration.

 

Blog+More

Facebook introduces a new cryptocurrency Libra as a fresh medium of exchange for e-commerce.

Dan Rochefort

2019-07-21 09:37:00 Sunday ET

Facebook introduces a new cryptocurrency Libra as a fresh medium of exchange for e-commerce.

Facebook introduces a new cryptocurrency Libra as a fresh medium of exchange for e-commerce. Libra will be available to all the 2 billion active users on Fa

+See More

President Trump poses new threats to Fed Chair monetary policy independence again.

Apple Boston

2025-06-20 08:27:00 Friday ET

President Trump poses new threats to Fed Chair monetary policy independence again.

President Trump poses new threats to Fed Chair monetary policy independence again. We describe, discuss, and delve into the mainstream reasons, conc

+See More

Tony Robbins explains in his latest book on personal finance that *patience* is the top secret.

Becky Berkman

2017-01-27 17:19:00 Friday ET

Tony Robbins explains in his latest book on personal finance that *patience* is the top secret.

Tony Robbins explains in his latest book on personal finance that *patience* is the top secret to successful stock investment. The stock market embeds an

+See More

Apple shakes up senior leadership to initiate a new transition from iPhone revenue reliance to media and software services.

John Fourier

2019-02-21 12:37:00 Thursday ET

Apple shakes up senior leadership to initiate a new transition from iPhone revenue reliance to media and software services.

Apple shakes up senior leadership to initiate a new transition from iPhone revenue reliance to media and software services. These changes include the key pr

+See More

Peter Thiel shares his money views of President Trump, Facebook, Bitcoin, global finance, and trade.

Apple Boston

2018-03-05 07:34:00 Monday ET

Peter Thiel shares his money views of President Trump, Facebook, Bitcoin, global finance, and trade.

Peter Thiel shares his money views of President Trump, Facebook, Bitcoin, global finance, and trade etc. As an early technology adopter, Thiel invests in Fa

+See More

President Trump refreshes his public image through his presidential address to Congress.

Daisy Harvey

2017-02-01 14:41:00 Wednesday ET

President Trump refreshes his public image through his presidential address to Congress.

President Trump refreshes his public image through his presidential address to Congress with numerous ambitious economic policies in order to make America g

+See More