Dynamic General Equilibrium Modelling: Computational Methods And Applications - Rilegato

Heer, Burkhard; Maubner, Alfred

 
9783540220954: Dynamic General Equilibrium Modelling: Computational Methods And Applications
Rilegato
ISBN 10: 354022095X ISBN 13: 9783540220954
Casa editrice: Springer Verlag, 2005

Sinossi

Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. Many mathematical tools are needed to solve these models. The book presents various methods for computing the dynamics of general equilibrium models. In part I, the representative-agent stochastic growth model is solved with the help of value function iteration, linear and linear quadratic approximation methods, parameterised expectations and projection methods. In order to apply these methods, fundamentals from numerical analysis are reviewed in detail. Part II discusses methods for solving heterogeneous-agent economies. In such economies, the distribution of the individual state variables is endogenous. This part of the book also serves as an introduction to the modern theory of distribution economics. Applications include the dynamics of the income distribution over the business cycle or the overlapping-generations model. Through an accompanying home page to this book, computer codes to all applications can be downloaded.

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Contenuti

Representative Agent Models.- Basic Models and Elementary Algorithms. Linear Quadratic and Linear Approximation Methods. Parameterized Expectations. Projection Methods. Heterogenous Agent Models.- Computation of Stationary Distributions. Dynamics of the Distribution Function. Overlapping Generations Model. Tools.- Numerical Methods. Various Other Tools. Epilogue.

Product Description

Rare Book

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Editore
Springer Verlag
Data di pubblicazione
2005
Lingua
Inglese
ISBN 10 
354022095X
ISBN 13 
9783540220954
Rilegatura
Copertina rigida
Numero edizione
1
Numero di pagine
540
Contatto del produttore
non disponibile
Persona responsabile
CMN Printpool Inh. Mathis Neumann
https://www.also.com/ec/cms5/en_6000/6000/index.jsp

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Hamburg
Germania

Altre edizioni note dello stesso titolo

9783642031489: Dynamic General Equilibrium Modeling: Computational Methods and Applications

Edizione in evidenza

ISBN 10:  364203148X ISBN 13:  9783642031489
Casa editrice: Springer, 2009
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