Computational Methods for the Study of Dynamic Economies

Ramon Marimon, Andrew Scott (Herausgeber)

Buch | Hardcover

292 Seiten

1999
Oxford University Press (Verlag)
978-0-19-829497-9 (ISBN)

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Economists are increasingly using computer simulations to understand the implications of theoretical models and to make policy recommendations. Model solution techniques are required to deal with the role of dynamics and uncertainty in macroeconomics. These articles show how to use these techniques in the context of standard macroeconomic models.

Macroeconomics increasingly uses stochastic dynamic general equilibrium models to understand theoretical and policy issues. Unless very strong assumptions are made, understanding the properties of particular models requires solving the model using a computer. This volume brings together leading contributors in the field who explain in detail how to implement the computational techniques needed to solve dynamic economics models. A broad spread of techniques are covered, and their application in a wide range of subjects discussed. The book provides the basics of a toolkit which researchers and graduate students can use to solve and analyse their own theoretical models.

Ramon Marimon is Professor at the European University Institute, Florence. Andrew Scott is Associate Professor at the London Business School, and a Fellow of CEPR. A Fellow of All Souls College, Oxford, he has also been Visiting Professor at Harvard University.

1. Introduction ; 2. Linear Quadratic Approximations: An Introduction ; 3. A Toolkit for Analyzing Nonlinear Dynamic Stochastic Models Easily ; 4. Solving Nonlinear Rational Expectations Models by Eigenvalue-Eigenvector Decompositions ; Part II. Non-Linear Methods ; 6. Application of Weighted Residual Methods to Dynamic Economic Models ; 7. The Parametrized Expectations Approach: Some Practical Issues ; 8. Finite-Difference Methods for Continuous-Time Dynamic Programming ; Part III. Solving some dynamic economies ; 10. Computing Models of Social Security ; 11. Computation of Equilibria in Heterogenous Agent Economies

Erscheint lt. Verlag	4.3.1999
Zusatzinfo	numerous figures
Verlagsort	Oxford
Sprache	englisch
Maße	164 x 242 mm
Gewicht	565 g
Themenwelt	Informatik ► Grafik / Design ► Digitale Bildverarbeitung
	Mathematik / Informatik ► Informatik ► Theorie / Studium
	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
ISBN-10	0-19-829497-2 / 0198294972
ISBN-13	978-0-19-829497-9 / 9780198294979
Zustand	Neuware