George Alogoskoufis - Dynamic Macroeconomics (The MIT Press)

Figures

Distribution of countries by per capita GNI, 2012

Long-run growth of (natural log) per capita GDP in the United Kindom, the United States, and Japan

Long-run growth of (log) per capita GDP in the major European economies

Recessions (shaded areas) and (log) per capita GDP in the United States

Recessions (shaded areas) and (log) per capita GDP in the United Kingdom

Recessions (shaded areas) and the unemployment rate in the United States

Recessions (shaded areas) and the unemployment rate in the United Kingdom

Evolution of the price level in the United States

Evolution of the price level in the United Kingdom

Evolution of consumer price index (CPI) inflation in the United States

Evolution of CPI inflation in the United Kingdom

Money growth and inflation in 110 countries, 19601990

Money growth and real GDP growth in 110 countries, 19601990

Evolution of US federal debt as a percentage of GDP

Evolution of UK public debt as a percentage of GDP

Equilibrium capital accumulation in a two-period economy

Intertemporal equilibrium in a two-period economy

Optimal consumption and leisure in a one-period economy

Income and substitution effects on labor supply

The production function in intensive form

Equilibrium in the Solow model

Determination of the growth rate

Implications of a rise in the savings rate

Impulse response function of a rise in the savings rate

Implications of a rise in total factor productivity

Implications of a rise in population growth

Convergence in the Solow model in discrete time

Impulse response functions of the Solow model following a permanent increase in the savings rate of 1%

Impulse response functions of the Solow model following a permanent increase in total factor productivity of 1%

Impulse response functions of the Solow model following a permanent increase in the rate of population growth of 1%

The balanced growth path and dynamic adjustment in the Ramsey model

Short- and long-run effects of a permanent increase in the pure rate of time preference

Impulse response function of consumption and capital stock following a permanent increase at t0 in the pure rate of time preference

Short- and long-run effects of a permanent increase in total factor productivity

Effects of a permanent increase in the population growth rate

Impulse response functions of the calibrated Ramsey model for a 1% permanent drop in the pure rate of time preference

Impulse response functions of the calibrated Ramsey model for a 1% permanent increase in total factor productivity

Multiple equilibria in the Diamond model

Unique balanced growth path in the simplified Diamond model

Effects of a permanent rise in the pure rate of time preference

Effects of a permanent rise in total factor productivity

Impulse response functions of the Diamond model for a permanent rise in the pure rate of time preference of 1%

Impulse response functions of the Diamond model, for a permanent rise in total factor productivity of 1%

The balanced growth path and the adjustment path for the Blanchard-Weil model

Short- and long-run effects of an increase in the pure rate of time preference in the Blanchard-Weil model

Short- and long-run effects of an increase in the rate of population growth in the Blanchard-Weil model

Impulse response functions for a 1% increase in the pure rate of time preference in the calibrated Blanchard-Weil model

Impulse response functions for a 1% increase in the population growth rate in the calibrated Blanchard-Weil model

Impulse response functions for a 1% increase in total factor productivity in the calibrated Blanchard-Weil model

Primary government expenditure in the Ramsey model

Primary government expenditure and debt in the Blanchard-Weil model

An increase in government debt in the Blanchard-Weil model

An increase in primary government expenditure in the Blanchard-Weil model

A tax-financed increase of primary government expenditure in the calibrated Blanchard-Weil model

A debt-financed increase of primary government expenditure in the calibrated Blanchard-Weil model

A debt-financed tax cut in the calibrated Blanchard-Weil model

Short- and long-run effects of capital income taxation in the Ramsey model

Dynamic effects of a 10% tax on interest income in the calibrated Ramsey model

Dynamic effects of a 10% tax on business profits, before interest and depreciation, in the calibrated Ramsey model

The demand for real money balances and the welfare cost of inflation

The balanced growth path and the adjustment path in the Blanchard-Weil model with money

Dynamic effects of an increase in the growth rate of money supply in the Blanchard-Weil model with money

Dynamic simulation of an increase in the growth rate of money supply in a calibrated Blanchard-Weil model with money

The aggregate production function for different values of

Determination of the consumption-to-output ratio and the endogenous growth rate in the Blanchard-Weil model

Determination of private consumption and the growth rate with government expenditure and debt

The path of per capita output in exogenous and endogenous growth models

The cobweb model under adaptive expectations

Adjustment cost of investment

Determination of q and the capital stock K