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OverviewThis volume contains six studies on current topics in macroeconomics. The first shows that while assuming rational expectations is unrealistic, a finite-horizon forward planning model can yield results similar to those of a rational expectations equilibrium. The second explores the aggregate risk of the U.S. financial sector, and in particular whether it is safer now than before the 2008 financial crisis. The third analyzes “factorless income,” output that is not measured as capital or labor income. Next, a study argues that the financial crisis increased the perceived risk of a very bad economic and financial outcome, and explores the propagation of large, rare shocks. The next paper documents the substantial recent changes in the manufacturing sector and the decline in employment among prime-aged Americans since 2000. The last paper analyzes the dynamic macroeconomic effects of border adjustment taxes. Full Product DetailsAuthor: Martin Eichenbaum , Jonathan A. ParkerPublisher: The University of Chicago Press Imprint: University of Chicago Press Volume: 33 Dimensions: Width: 1.60cm , Height: 0.30cm , Length: 2.40cm Weight: 0.794kg ISBN: 9780226645728ISBN 10: 022664572 Pages: 500 Publication Date: 05 August 2019 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: Out of stock  The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available. Table of ContentsReviewsAuthor InformationMartin Eichenbaum is the Charles Moskos Professor of Economics and codirector of the Center for International Macroeconomics at Northwestern University. Tab Content 6Author Website:Countries AvailableAll regions |
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