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The Representative Agent in Macroeconomics

The Representative Agent in Macroeconomics by James E Hartley
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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.
Taylor and Francis; January 2002
240 pages; ISBN 9781134756803
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Title: The Representative Agent in Macroeconomics
Author: James E Hartley; James E. Hartley