This book teaches, in a comprehensive and understandable way, how to use and formulate these models. ![]() Dynamic macroeconomics in the 1990s was about introducing various kinds of market imperfections and heterogeneity in the models available before. Bringing together tractable dynamics and a rich array of applications, it covers in depth some major analytical developments in dynamic macroeconomics. “Chiang has done it again.” - Henry Thompson, Auburn University This text is simply the best introduction to dynamic optimization I have ever seen.” - John McDermott, University of South Carolina Professor Chiang has a singular talent for clear exposition of complex mathematical concepts. ![]() ![]() “This book is immensely valuable, especially for students coming to this material for the first time.
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June 2023
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