高级宏观经济学学习笔记英文.pdfVIP

Macroeconomics Lecture Notes TOPICS 2. The Solow Growth model 2-5 2. The Ramsey Growth model 6-11 3. Real BusinessCycle Theory 12-20 4. Traditional Keynesian Theories of Fluctuations 21-23 5. Microeconomic Foundations of Incomplete Nominal Adjustments 24- 39 6. Consumption 40-44 7. Investment 45-50 8. Inflation and Monetary policy 51-90 1 Growth 1.1 The Solow Growth Model At any point in time, the economy has some amount of labor (L), capital (K) and knowledge (A) to produce output (Y). The production function can be written as