Macroeconomic Theory: A Dynamic General Equilibrium Approach - Second Edition

I chose this book for my advanced master course, where I had 20 students. The main reason was the comprehensive review of the modern general equilibrium view of macroeconomics.However, I found many typos and even few conceptual mistakes in the book. Moreover, my students find it very difficult and too much math oriented.I'm still looking for an intermediate macro book to select as my solo textbook.I expect the author to present a new edition of the book after 7 years that fix these problems.

Almost new

This very consistent, up-to-date introduction to Dynamic Stochastic General Equilibrium macro models. Especially good on finance, which is often neglected in macro theory & especially in integrated general equilibrium models. It isn't a survey, rather an extended development of multiple aspect of modern mainstream macro theory, so all the pieces fit nicely together making it unique as a textbook. Highly recommended.

I guess this is probably the most accessible introduction to DSGE modeling that I have found.While not a fan of that type of model, I think one get get a good feel for this area by reading this text.

This review is about the kindle edition.It is a great book where a lot of the mathematical exposition has been rendered unreadable by the kindle conversion process. Buy the paper version instead.

This book is excellent

I have the kindle edition. Really a good book.

it is a pretty good Macro book.

This book is an excellent treatment of Macroeconomic Theory at the PhD Level. It is an advanced graduate textbook of macroeconomic theory and dynamic stochastic general equilibrium models. This book is used among many researchers as the first reference for doing applied and theoretical research with DSGE models. The book is very complete, and also contains a well and sufficient mathematical appendix for readers not used to this high level of macroeconomic theory. The author is a leading economist in the topic and an expert in the field with several contributions in the literature. Anyone considering to do high level research on macro and expecting to publish papers in top journals should have this book as a reference, specially if the topic of research includes DSGE models.

Great book, but a couple of pages into Chapter 2 there’re already 3 typos...

Well written and easy to understand. This book explains complex concepts with rigorous method in a way which is easy to understand. Great book for graduate economic students.

As expected

For a mathematician (with no economics education) this is a great introduction to econometric models