Identifiant pérenne de la notice : 208027009
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Note publique d'information : La 4e de couv. indique: "Macroeconomists have been caricatured either as credulous
savants in love with the beauty of their mathematical models or as free-market fundamentalists
who admit no doubt as to the market's wisdom. In this book, Kartik Athreya draws a
truer picture, offering a nontechnical description of prominent ideas and models in
macroeconomics, and arguing for their value as interpretive tools as well as their
policy relevance. Athreya deliberately leaves out the technical machinery, providing
an essential guide to the sometimes abstract ideas that drive macroeconomists' research
and practical policy advice. Athreya describes the main approach to macroeconomic
model construction, the foundational Walrasian general-equilibrium framework, and
its modern version, the Arrow-Debreu-McKenzie (ADM) model. In the heart of the book,
Athreya shows how the Walrasian approach shapes and unifies much of modern macroeconomics.
He details models central to ongoing macroeconomic analyses: the neoclassical and
stochastic growth models, the standard incomplete-markets model, the overlapping-generations
model, and the standard search model. Athreya's accessible primer traces the links
between the views and policy advice of modern macroeconomists and their shared theoretical
approach."
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