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Many undergraduate texts treat macroeconomics as a set of distinct topics rather than as a unified body of theory and empirical findings. In contrast, this text by Alan Auerbach and Laurence Kotlikoff uses a single analytic framework -- the two-period life-cycle model -- to explore and connect each of the major issues in contemporary macroeconomics. The model describes the evolution of the economy over time in terms of the behavior of overlapping generations of individuals, each of whom lives for two periods: youth and old age. This versatile framework can encompass most macroeconomic schools of thought through the alteration of key assumptions. The use of one basic model also allows the authors to explore important topics not always addressed adequately in other texts; these include credit constraints, real business cycles, generational accounting, and international capital flows markets. Written in a clear, accessible style, this shortened and simplified second edition provides a systematic way to interpret macroeconomic outcomes, to understand various policy proposals, and to appreciate how individuals and firms fit into the big picture.

A history of mapping Britain's roads. The story of Britain's road development - graphically and beautifully illustrated on our maps - is also the story of its political, economic and social history. And the car, more than any other single factor, has shaped our landscape and changed our maps. Busy, bustling, often creaking at the seams, most of us have a love-hate relationship with our roads. Like it or not, our Macroeconomics: An Integrated Approach ebook pdf modern lifestyles depend on them - not only for getting there from A to B, but for the distribution of almost everything we buy. Yet once upon a time, the building of roads was seen as a glorious and heroic enterprise. Britain's motorways - 'the cathedrals of the modern world' - are the ultimate expression of our modern age. From the old ways to the motorways, Mapping the Roads, charts the ambitions and hopes of the nation through our maps.

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Author: Alan J. Auerbach,Laurence J. Kotlikoff
Number of Pages: 494 pages
Published Date: 27 Sep 1998
Publisher: MIT Press Ltd
Publication Country: Cambridge, Mass., United States
Language: English
ISBN: 9780262511032
Download Link: Click Here
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Periodicity and the S- and P- Block Elements free ebook