Dynamic Macroeconomics: A Didactic Numeric Model

Teaching Dynamic Macroeconomics at undergraduate courses relies exclusively on intuitive prose and graphics depicting behaviours and steady states of the main markets of the economy. But when the case of forward-looking agents and the macroeconomic implications of their actions are discussed, intuit...

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Autores:
Posada, Carlos Esteban
Sanchez, Santiago
Tipo de recurso:
Fecha de publicación:
2018
Institución:
Universidad EAFIT
Repositorio:
Repositorio EAFIT
Idioma:
spa
OAI Identifier:
oai:repository.eafit.edu.co:10784/12157
Acceso en línea:
http://hdl.handle.net/10784/12157
Palabra clave:
Dynamic Macroeconomics
Forward-looking agents
General equilibrium
Competitive markets
Total factor productivity
Public expenditure multiplier.
Macroeconomía dinámica
Agentes prospectivos
Equilibrio general
mercados competitivos
productividad total de los factores
multiplicador del gasto público.
Rights
License
Acceso abierto
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spelling Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees2018-04-30T12:35:04Z2018-04-252018-04-30T12:35:04Zhttp://hdl.handle.net/10784/12157A22A23C61C63E00E17Teaching Dynamic Macroeconomics at undergraduate courses relies exclusively on intuitive prose and graphics depicting behaviours and steady states of the main markets of the economy. But when the case of forward-looking agents and the macroeconomic implications of their actions are discussed, intuitions and graphical representations offered to students may lead to unsupported conclusions. This happens even if the teacher and students use the chapter upon a dynamic macroeconomic model of one of the most didactic and ordered texts ever published: Williamson (2014). In this paper we try to sustain this assertion.La enseñanza de Macroeconomía Dinámica en cursos de pregrado se basa exclusivamente en la prosa intuitiva y gráficos que representan comportamientos y estados estables de los principales mercados de la economía. Pero cuando el caso de los agentes con visión de futuro y las implicaciones macroeconómicas de sus acciones es discutido, las intuiciones y representaciones gráficas que se ofrecen a los estudiantes pueden llevar a conclusiones sin bases. Esto sucede incluso si el maestro y los alumnos usan el capítulo sobre una dinámica Modelo macroeconómico de uno de los textos más didácticos y ordenados jamás publicados: Williamson (2014). En este artículo intentamos sustentar esta afirmación.spaUniversidad EAFITEscuela de Economía y FinanzasDynamic Macroeconomics: A Didactic Numeric ModelworkingPaperinfo:eu-repo/semantics/workingPaperDocumento de trabajo de investigacióndrafthttp://purl.org/coar/version/c_b1a7d7d4d402bccehttp://purl.org/coar/resource_type/c_8042Acceso abiertohttp://purl.org/coar/access_right/c_abf2Dynamic MacroeconomicsForward-looking agentsGeneral equilibriumCompetitive marketsTotal factor productivityPublic expenditure multiplier.Macroeconomía dinámicaAgentes prospectivosEquilibrio generalmercados competitivosproductividad total de los factoresmultiplicador del gasto público.cposad25@eafit.edu.cossanch40@eafit.edu.coPosada, Carlos EstebanSanchez, SantiagoLICENSElicense.txtlicense.txttext/plain; charset=utf-82556https://repository.eafit.edu.co/bitstreams/d10cf8a6-a084-421d-95cc-ca922e8b4c4c/download76025f86b095439b7ac65b367055d40cMD51ORIGINALWP-2018-04-CarlosEstebanPosada.pdfWP-2018-04-CarlosEstebanPosada.pdfapplication/pdf1677919https://repository.eafit.edu.co/bitstreams/98ef157a-1f19-41e8-a597-41ba5743c493/downloadbc06e90ea696c5bfae88195dc6fee60eMD5210784/12157oai:repository.eafit.edu.co:10784/121572024-03-05 14:06:14.875open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.co
dc.title.eng.fl_str_mv Dynamic Macroeconomics: A Didactic Numeric Model
title Dynamic Macroeconomics: A Didactic Numeric Model
spellingShingle Dynamic Macroeconomics: A Didactic Numeric Model
Dynamic Macroeconomics
Forward-looking agents
General equilibrium
Competitive markets
Total factor productivity
Public expenditure multiplier.
Macroeconomía dinámica
Agentes prospectivos
Equilibrio general
mercados competitivos
productividad total de los factores
multiplicador del gasto público.
title_short Dynamic Macroeconomics: A Didactic Numeric Model
title_full Dynamic Macroeconomics: A Didactic Numeric Model
title_fullStr Dynamic Macroeconomics: A Didactic Numeric Model
title_full_unstemmed Dynamic Macroeconomics: A Didactic Numeric Model
title_sort Dynamic Macroeconomics: A Didactic Numeric Model
dc.creator.fl_str_mv Posada, Carlos Esteban
Sanchez, Santiago
dc.contributor.eafitauthor.none.fl_str_mv cposad25@eafit.edu.co
ssanch40@eafit.edu.co
dc.contributor.author.none.fl_str_mv Posada, Carlos Esteban
Sanchez, Santiago
dc.subject.keyword.eng.fl_str_mv Dynamic Macroeconomics
Forward-looking agents
General equilibrium
Competitive markets
Total factor productivity
Public expenditure multiplier.
topic Dynamic Macroeconomics
Forward-looking agents
General equilibrium
Competitive markets
Total factor productivity
Public expenditure multiplier.
Macroeconomía dinámica
Agentes prospectivos
Equilibrio general
mercados competitivos
productividad total de los factores
multiplicador del gasto público.
dc.subject.keyword.spa.fl_str_mv Macroeconomía dinámica
Agentes prospectivos
Equilibrio general
mercados competitivos
productividad total de los factores
multiplicador del gasto público.
description Teaching Dynamic Macroeconomics at undergraduate courses relies exclusively on intuitive prose and graphics depicting behaviours and steady states of the main markets of the economy. But when the case of forward-looking agents and the macroeconomic implications of their actions are discussed, intuitions and graphical representations offered to students may lead to unsupported conclusions. This happens even if the teacher and students use the chapter upon a dynamic macroeconomic model of one of the most didactic and ordered texts ever published: Williamson (2014). In this paper we try to sustain this assertion.
publishDate 2018
dc.date.available.none.fl_str_mv 2018-04-30T12:35:04Z
dc.date.issued.none.fl_str_mv 2018-04-25
dc.date.accessioned.none.fl_str_mv 2018-04-30T12:35:04Z
dc.type.eng.fl_str_mv workingPaper
info:eu-repo/semantics/workingPaper
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_b1a7d7d4d402bcce
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_8042
dc.type.local.spa.fl_str_mv Documento de trabajo de investigación
dc.type.hasVersion.eng.fl_str_mv draft
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/10784/12157
dc.identifier.jel.none.fl_str_mv A22
A23
C61
C63
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url http://hdl.handle.net/10784/12157
identifier_str_mv A22
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dc.language.iso.eng.fl_str_mv spa
language spa
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.rights.local.spa.fl_str_mv Acceso abierto
rights_invalid_str_mv Acceso abierto
http://purl.org/coar/access_right/c_abf2
dc.coverage.spatial.eng.fl_str_mv Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees
dc.publisher.spa.fl_str_mv Universidad EAFIT
dc.publisher.department.spa.fl_str_mv Escuela de Economía y Finanzas
institution Universidad EAFIT
bitstream.url.fl_str_mv https://repository.eafit.edu.co/bitstreams/d10cf8a6-a084-421d-95cc-ca922e8b4c4c/download
https://repository.eafit.edu.co/bitstreams/98ef157a-1f19-41e8-a597-41ba5743c493/download
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repository.name.fl_str_mv Repositorio Institucional Universidad EAFIT
repository.mail.fl_str_mv repositorio@eafit.edu.co
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