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eBook, 2002
Current format, eBook, 2002, , All copies in use.
eBook, 2002
Current format, eBook, 2002, , All copies in use. Offered in 0 more formats
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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