Analyses in Macroeconomic Modelling: 12 - Rilegato

Rilegato

ISBN 10: 0792385985 ISBN 13: 9780792385981

Casa editrice: Springer-Verlag GmbH, 1999

Riassunto

Macroeconomic modelling has undergone radical changes in the last few years of the 20th century. There has been considerable innovation in developing robust solution techniques for the new breed of increasingly complex models. Similarly there has been a growing consensus on their long run and dynamic properties, as well as much development on existing themes such as modelling expectations and policy rules. This edited volume focuses on those areas which have undergone the most significant and imaginative developments and brings together the best of modelling practice. Included are specific sections on: (I) Solving Large Macroeconomic Models; (II) Rational Expectations and Learning Approaches; (III) Macro Dynamics; and (IV) Long Run and Closures. All of the contributions put their developments in context. The text should be of interest to those in policy institutions as well as academics and advanced students in the fields of economics, mathematics, business and government.

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Contenuti

List of Contributors. Part One: Solution Methods. 1. Solution Methods and Non-Linear Forward-Looking Models; M. Juillard, et al. 2. From Here to Eternity: The Robustness of Model Solutions to Imperfect Starting Values; P. McAdam, A.H. Hallett. 3. Accelerating Non Linear Perfect Foresight Model Solution by Exploiting the Steady State Linearization; G.S. Anderson. Part Two: Rational Expectations and Learning. 4. Modifying the Rational Expectations Assumption in a Large World Model; S. Hall, S. Symansky. 5. Boundedly versus Procedurally Rational Expectations; S. Moss, E.-M. Sent. 6. Instrument Rules, Inflation Forecast Rules and Optimal Control Rules when Expectations are Rational; S. Holly, P. Turner. Part Three: Macrodynamics. 7. Asymptotic Hierarchies in an Economic Model; C. Le Van, P. Malgrange. 8. Computational Methods for Macro Policy Analysis: Hall and Taylor's Models in DUALI; P.R. Mercado, D.A. Kendrick. 9. The Dynamical Analysis of Forward-Looking Models; M. Juillard. Part Four: Long Run and Closures in Macro Models. 10. The Long Run in Macro Models: A Guide; P. McAdam. 11. The Sensitivity of Solutions to Terminal Conditions: Simulating Permanent Shocks with QUEST II; W. Roeger, J. in 't Veld. 12. Solving Large Scale Models Under Alternative Policy Closures: the MSG2 Multi-Country Model; W.J. McKibbin. Subject Index. Author Index.

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Dettagli dell'edizione

• Editore: Springer-Verlag GmbH
• Data di pubblicazione: 1999
• Lingua: Inglese
• ISBN 10: 0792385985
• ISBN 13: 9780792385981
• Rilegatura: Copertina rigida
• Numero di pagine: 316
• Redattore: Mcadam Peter, Hughes Hallett Andrew J.
• Contatto del produttore: Springer Nature Customer Service Center GmbH; ProductSafety@springernature.com; ; Europaplatz 3; Heidelberg; 69115; Germania