The Representative Agent in Macroeconomics.
Material type: TextSeries: Routledge Frontiers of Political Economy SerPublisher: Florence : Routledge, 1997Copyright date: ©1997Edition: 1st edDescription: 1 online resource (240 pages)Content type: text Media type: computer Carrier type: online resourceISBN: 9780203018682Subject(s): Econometrics | Economics -- Methodology | Macroeconomics -- Econometric models | MicroeconomicsGenre/Form: Electronic books.Additional physical formats: Print version:: The Representative Agent in MacroeconomicsDDC classification: 339 LOC classification: HB172.5 -- .H363 1997ebOnline resources: Click to ViewBook Cover -- Title -- Copyright -- CONTENTS.
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.
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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2018. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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