Dynamic Macroeconomics: A Didactic Numeric Model

Carlos Posada and Santiago Sánchez ()

No 16237, Documentos de Trabajo de Valor Público from Universidad EAFIT

Abstract: Teaching Dynamic Macroeconomics at undergraduate courses relies exclusively on intuitive prose and graphics depicting behaviours and steady states of the main markets of the economy. But when the case of forward-looking agents and the macroeconomic implications of their actions are discussed, intuitions and graphical representations offered to students may lead to unsupported conclusions. This happens even if the teacher and students use the chapter upon a dynamic macroeconomic model of one of the most didactic and ordered texts ever published: Williamson (2014). In this paper we try to sustain this assertion.

Keywords: Dynamic Macroeconomics; Forward-looking agents; General equilibrium; Competitivemarkets; Total factor productivity; Public expenditure multiplier. (search for similar items in EconPapers)
JEL-codes: A22 A23 C61 C63 E00 E17 (search for similar items in EconPapers)
Pages: 24
Date: 2018-04-25
New Economics Papers: this item is included in nep-dge and nep-mac
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10784/12157

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:col:000122:016237

Access Statistics for this paper

More papers in Documentos de Trabajo de Valor Público from Universidad EAFIT Contact information at EDIRC.
Bibliographic data for series maintained by Valor Público EAFIT - Centro de estudios e incidencia ().