The Representative Agent in Macroeconomics

Business & Finance, Economics
Cover of the book The Representative Agent in Macroeconomics by James E Hartley, James E. Hartley, Taylor and Francis
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Author: James E Hartley, James E. Hartley ISBN: 9781134756803
Publisher: Taylor and Francis Publication: January 4, 2002
Imprint: Routledge Language: English
Author: James E Hartley, James E. Hartley
ISBN: 9781134756803
Publisher: Taylor and Francis
Publication: January 4, 2002
Imprint: Routledge
Language: English

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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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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