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Dynamic General Equilibrium Modeling Computational Methods and Applications

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ISBN-10: 364203148X

ISBN-13: 9783642031489

Edition: 2nd 2009

Authors: Burkhard Heer, Alfred Maussner

List price: $99.99
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Description:

Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. In order to solve these models, economists need to use many mathematical tools. This book presents various methods in order to compute 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. In particular, the book discusses issues that are often neglected in existing work on computational methods,…    
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Book details

List price: $99.99
Edition: 2nd
Copyright year: 2009
Publisher: Springer Berlin / Heidelberg
Publication date: 8/12/2009
Binding: Paperback
Pages: 702
Size: 6.10" wide x 9.25" long x 1.50" tall
Weight: 2.530
Language: English