The Representative Agent in Macroeconomics

Model Problems Hypothesis Critique lucas Microeconomic Theory Rational Expectations Rational Expectations Hypothesis Lucas critique Competitive equilibrium Microeconomic Rational expectations Granger Causality Agents Representative firm Aggregate Consumption Function Aggregation Bias aggregative Concave Programming Problems Measured Risk Premium Marshall’s Representative Firm Representative Agent Assumption Sargent’s Model Real Business Cycle Model Marshallian Methodology Theoretical Presumption Walrasian Models Walrasian Tradition Microeconomic Agents Representative agent Microfoundational Model Representative Agent Framework Representative Agent Models