"Using a rigorous and concise framework, this book teaches the foundations ofmodernmacroeconomic theory and its methods. It is ideally suited for students taking a first graduate course inmacroeconomics as part of anMBA, finance, or economics degree. The book explains recent advances of modern...

Cities exist because of the productivity gains arising from clustering production and workers, a process called agglomeration. How important is agglomeration for aggregate growth? This paper constructs a dynamic stochastic general equilibrium model of cities and uses it to estimate the effect of...