01745cas a2200241 a 4500 AALejournalIMF007593 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451978759 1018-5941 BD-DhAAL BD-DhAAL Bovenberg, Ary. The Integration of Macro and Microeconomic Relations in Dynamic Policy Models : The Case of Saving and Investment Behavior / Ary Bovenberg. Washington, D.C. : International Monetary Fund, 1990. 1 online resource (24 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1990/034 Full text available on IMF http://elibrary.imf.org/view/journals/001/1990/034/001.1990.issue-034-en.xml IMF e-Library