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Macroeconomics is a branch of economics dealing with the aggregate economy as a whole, rather than individual markets.

2 votes
1 answer
82 views

A differentiation step in a economic growth model

I started studying Olivier Blanchard and Stanley Fischer's Lectures on Macroeconomics, but I couldn't follow the reasoning behind a differentiation step (at least I think it is something involving differentiation …
PGabriel96's user avatar
1 vote
1 answer
56 views

Differentiation in a inflation tax calculation

I am studying Advanced Macroeconomics, by Derek Leslie, and I am having some troubles in understanding the result of a differentiation in the Chapter 1, section 5. …
PGabriel96's user avatar
2 votes
1 answer
66 views

Multivariate implicit differentiation (Samuelson, 1948)

I am studying "The Simple Mathematics of Income Determination", by Paul Samuelson (from book is called "Macroeconomia (artigos selecionados)", by APEC-CAEN. It is the 1st chapter of the book, the 13th …
PGabriel96's user avatar
1 vote
1 answer
52 views

Differentiating over multiple time horizons to get FOCs

Pagan (present in the book Handbook of Applied Econometrics, Volume 1: Macroeconomics) and, in order of constructing some steady state variables, they introduce us to an expected utility function (1) and …
PGabriel96's user avatar
1 vote
Accepted

Differentiating over multiple time horizons to get FOCs

I kept searching for another hour in this Stack Exchange and it happens that a similar dynamic optimization have been already explained in this other topic Understanding subscripts in first order cond …
PGabriel96's user avatar