Macroeconomic Theory - A Dynamic General Equilibrium Approach - Second Edition

Praise for the previous edition: "This is an innovative graduate textbook that develops much of modern macroeconomics in the framework of stochastic general equilibrium models. The book is especially good for its integration of macro and finance."--Christopher Pissarides, London School of Economics and Political SciencePraise for the previous edition: "There are very few good textbooks on the dynamic general equilibrium approach to macroeconomics; "Macroeconomic Theory" fills a big void and provides a comprehensive and integrated approach to the subject that covers both real and monetary models. Professor Wickens develops a series of topics, beginning with real models of the economy and proceeding through growth, fiscal policy, financial models, and the modern approach to monetary economies. Each topic begins with theoretical background and proceeds to practical applications. The level is appropriate for master's or advanced undergraduate students and is a welcome addition to the field that is likely to be widely adopted."--Roger E. A. Farmer, University of California, Los AngelesPraise for the previous edition: "A most welcome graduate (or advanced undergraduate) textbook in macroeconomics. The book is well written and the text is effectively organized and progresses in a natural and easy-to-follow way. The text offers a mathematical approach that is easily accessible to the students. The technical level is sufficiently detailed to allow students to understand the role of the underlying assumptions and how the models work, and yet it avoids unnecessary technicalities and sidetracks. As an extra bonus, it offers a treatment of financial aspects which are often neglected in macro textbooks."--Torben M. Andersen, University of Aarhus, DenmarkPraise for the previous edition: "Wickens's text provides a tremendous introduction to modern macroeconomics. The coverage of material is thorough. The writing is clear and lively. The mathematics is sufficiently detailed without being overly technical, and the mathematical appendix helps keep the text largely self-contained. Intuition behind key results is provided beautifully throughout. Having worked through the text, students will be well-equipped for a journey toward the macroeconomics frontier."--David N. DeJong, University of PittsburghPraise for the previous edition: "This is a first-rate book that definitely helps fill a surprising lacuna in graduate macro teaching."--Andrew Scott, London Business SchoolPraise for the previous edition: "This book provides an integrated, self-contained, and accessible exposition of modern macroeconomic theory. Particular strengths include coverage of macroeconomic approaches to asset pricing and the analysis of monetary and fiscal policies. It is an excellent textbook for students in masters and PhD courses and an excellent reference for professional economists."--Philip Lane, Trinity College Dublin