Intertemporal Macroeconomics

Costas Azariadis is Professor of Economics at the University of Pennsylvania. He began his academic career in Athens where he completed his undergraduate work in engineering. His graduate studies in Economics were undertaken at Carnegie-Mellon University and he was then appointed Assistant Professor of Economics at Brown University. He gained his present position in 1977 and he has also held visiting appointments at Hebrew University, Princeton, Montreal, IMPA and UCLA. His research interests include unemployment, multiple equilibria and growth theory and he has been widely published in leading American and European journals.

• Part I: Discrete Dynamical Systems:. Introduction to Part One.Scalar Linear Equations.Stockmarket Bubble.Linear Systems.Exchange-Rate Dynamics.Nonlinear Systems.The Structure of Growth Models.Periodic Equilibria and Bifurcations.Endogenous Fluctuations.Technical Appendices.Footnotes.Bibliography.Questions for Study.Part II: Intertemporal Allocation:.Introduction to Part Two.Overlapping Generations.Intertemporal Optimality.Neoclassical Growth Theory.Economic Development.Advanced Topics.Summing Up.Technical Appendix.Footnotes.Bibliography.Questions for Study.Part III: National Debt and Fiscal Policy:.Introduction to Part Three.Balanced Policies.Deficits in Exchange Economies.Deficits in Growing Economies.Advanced Topics.Summing Up.Footnotes.Bibliography.Questions for Study.Part IV: Money and Asset Prices:.Introduction to Part Four.Fundamentals and Bubbles in Asset Prices.The Quantity of Money.Inflationary Finance.Rational Expectations.Market Psychology.Advanced Topics.Summing Up.Footnotes.Bibliography.Questions for Study.

"A marvelous introduction to the methods and substance... to the language, as he puts it, of modern macroeconomics. It is literate, rigorous, up-to-date, and on theoretical issues, comprehensive." Robert E. Lucas Jr, John Dewey Service Professor, The University of Chicago