Dynamic general equilibrium modeling : computational methods and applications / Burkhard Heer and Alfred Maubner

By:

Heer, Burkhard

Contributor(s):

Maubner, Alfred

Material type: Text

TextPublication details: Heidelberg : Springer, 2009Edition: 2nd edDescription: xxxi, 704 p. 24 cmISBN:

9783540856849

Subject(s):

DDC classification:

330.015118 HEE

Tags from this library: No tags from this library for this title. Log in to add tags.

Average rating: 0.0 (0 votes)

Holdings
Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Book	Calcutta	330.015118 HEE (Browse shelf(Opens below))	Available		IIMC-129075

Total holds: 0

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, e.g. how to find a good initial value. In part II, the authors discuss methods in order to solve heterogeneous-agent economies.

There are no comments on this title.

to post a comment.