The Integration of Macro and Microeconomic Relations in Dynamic Policy Models : The Case of Saving and Investment Behavior /

This paper examines how two types of fiscal policy models, namely, dynamic macroeconomic models and applied general equilibrium models, have integrated macro- and microeconomic relationships within a framework of intertemporal equilibrium. After emphasizing the potential advantages of integrating ma...

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Detalles Bibliográficos
Autor Principal: Bovenberg, Ary
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 1990.
Series:IMF Working Papers; Working Paper ; No. 1990/034
Acceso en liña:Full text available on IMF
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100 1 |a Bovenberg, Ary. 
245 1 4 |a The Integration of Macro and Microeconomic Relations in Dynamic Policy Models :   |b The Case of Saving and Investment Behavior /  |c Ary Bovenberg. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1990. 
300 |a 1 online resource (24 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper examines how two types of fiscal policy models, namely, dynamic macroeconomic models and applied general equilibrium models, have integrated macro- and microeconomic relationships within a framework of intertemporal equilibrium. After emphasizing the potential advantages of integrating macro- and microeconomic relations, the study discusses the limitations of intertemporal equilibrium models--in particular the weaknesses of saving and investment theories incorporated in the models. It concludes that, despite recent important advances, policymakers need to exercise caution when they interpret results derived from these models. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1990/034 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1990/034/001.1990.issue-034-en.xml  |z IMF e-Library