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

The great reversal of antitrust merger review in America

Monica McNeil

2023-10-07 10:24:00 Saturday ET

The great reversal of antitrust merger review in America

Thomas Philippon draws attention to greater antitrust scrutiny in light of the rise of market power and its economic ripple effects. Thomas Philippon (20

+See More

Amazon follows Apple to become the second U.S. public corporation to hit $1 trillion stock market valuation.

Dan Rochefort

2018-09-03 09:31:00 Monday ET

Amazon follows Apple to become the second U.S. public corporation to hit $1 trillion stock market valuation.

Amazon follows Apple to become the second American public corporation to hit $1 trillion stock market valuation. Amazon's founder and chairman Jeff Bezo

+See More

American allies assist AT&T and Verizon in implementing 5G telecommunication technology.

Daisy Harvey

2019-01-01 03:34:48 Tuesday ET

American allies assist AT&T and Verizon in implementing 5G telecommunication technology.

American allies assist AT&T and Verizon in implementing 5G telecommunication technology in the U.S. as such allies ban the use of HuaWei 5G telecom equi

+See More

Corporate cash management

Jacob Miramar

2022-03-25 09:34:00 Friday ET

Corporate cash management

Corporate cash management The empirical corporate finance literature suggests four primary motives for firms to hold cash. These motives include the tra

+See More

This infographic visualization summarizes the key habits and investment styles of highly successful entrepreneurs.

Chanel Holden

2017-12-19 09:39:00 Tuesday ET

This infographic visualization summarizes the key habits and investment styles of highly successful entrepreneurs.

From Oprah Winfrey​ to Bill Gates​, this infographic visualization summarizes the key habits and investment styles of highly successful entrepreneurs:

+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