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Economic Growth - Alfonso Novales, Esther Fernández, Jesús Ruíz

Economic Growth

Theory and Numerical Solution Methods
Buch | Softcover
XX, 528 Seiten
2010 | 2009
Springer Berlin (Verlag)
978-3-642-08817-9 (ISBN)
CHF 194,65 inkl. MwSt
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This book covers deterministic and stochastic Growth Theory and the computational methods needed to produce numerical solutions. It reviews exogenous and endogenous growth models and examines the use of these models for fiscal and monetary policy analysis.


This is a book on deterministic and stochastic Growth Theory and the computational methods needed to produce numerical solutions. Exogenous and endogenous growth models are thoroughly reviewed. Special attention is paid to the use of these models for fiscal and monetary policy analysis. Modern Business Cycle Theory, the New Keynesian Macroeconomics, the class of Dynamic Stochastic General Equilibrium models, can be all considered as special cases of models of economic growth, and they can be analyzed by the theoretical and numerical procedures provided in the textbook.

Analytical discussions are presented in full detail. The book is self contained and it is designed so that the student advances in the theoretical and the computational issues in parallel. EXCEL and Matlab files are provided on an accompanying website to illustrate theoretical results as well as to simulate the effects of economic policy interventions.

ALFONSO NOVALES is Professor of Economics at the Department of Quantitative Economics at Universidad Complutense (Madrid). He holds a Ph.D. in Economics from University of Minnesota and a Ph.D. in Mathematics from Universidad del Pais Vasco. After graduation, he was Assistant Professor at State University of New York (Stony Brook). He has been President of the Spanish Economic Association and chairman of FEDEA (Fundación de Estudios de Economía Aplicada, Madrid). He has published in Econometrica, Journal of Economic Dynamics and Control, Journal of Macroeconomics, International Journal of Forecasting, Journal of Forecasting, Journal of Time Series Analysis, Journal of Banking and Finance, Economic Modelling, Computational Economics, Journal of International Financial Institutions, Markets and Money, International Journal of Money and Finance, Applied Financial Economics, Applied Economics Letters, and International Journal of Finance, and he has contributed with chapters to books on Macroeconomics and Econometrics. He is the author of Econometria and Estadistica y Econometría, both textbooks edited by McGrawHill in Spanish. His research interests include Economic Policy Evaluation and Financial Econometrics. JESUS RUIZ is Associate Professor of Economics at the Department of Quantitative Economics at Universidad Complutense (Madrid). He obtained his Ph.D. in Economics from Universidad Complutense in 1997. He has published in Journal of Economic Dynamics and Control, Economic Modelling, Applied Financial Economics, Spanish Economic Review and other Spanish journals, and he has contributed with chapters to books on Computational Economics. His research interests include Economic Policy Evaluation in Dynamic Macroeconomic Models and Environmental Economics. ESTHER FERNÁNDEZ is Associate Professor of Economics at the Department of Quantitative Economics at Universidad Complutense (Madrid). Her Ph.D. dissertation was selected as the best doctoral dissertation in Economics at Universidad Complutense in 1999. Her research interests include Monetary Theory, Economic Growth and Environmental Economics. She has published at Economic Modelling and Spanish academic journals.

The Neoclassical Growth Model Under a Constant Savings Rate.- Optimal Growth. Continuous Time Analysis.- Optimal Growth. Discrete Time Analysis.- Numerical Solution Methods.- Endogenous Growth Models.- Additional Endogenous Growth Models.- Growth in Monetary Economies: Steady-State Analysis of Monetary Policy.- Transitional Dynamics in Monetary Economies: Numerical Solutions.- Mathematical Appendix.

From the reviews:

"The new book focus on numerical solution methods for growth models, with the addition of extensions on business cycles models (and growth theory, too). The main sections cover the Neoclassical growth model, optimal growth in continuous and discrete time, endogenous growth and monetary economies. The book is self-contained and aimed at graduate students, but can also be used as a reference book." (Economic Dynamics Newsletter, Vol. 10 (2), 2009)

"This is a book on deterministic and stochastic Growth Theory and the computational methods needed to produce numerical solutions. Exogenous and endogenous growth models are thoroughly reviewed, and special attention is paid to use of these models for fiscal and monetary policy analysis. The book is self contained and it is designed that the student advances in the theoretical and the computational issues in parallel." (Rózsa Horvàth-Bokor, Zentralblatt MATH, Vol. 1156, 2009)

This is a textbook that is devoted to the numerical analysis of macroeconomic dynamics. Because of its clarity and because few textbooks exist that focus on methodology, this should be a valuable textbook for graduate students who want to learn methods for macroeconomic analysis. (Makoto Yano, Mathematical Reviews, Issue 2011 a)

Erscheint lt. Verlag 14.10.2010
Zusatzinfo XX, 528 p.
Verlagsort Berlin
Sprache englisch
Maße 155 x 235 mm
Gewicht 816 g
Themenwelt Wirtschaft Volkswirtschaftslehre Makroökonomie
Schlagworte Business Cycle Theory • Calculus • Dynamic Stochastic General Equlibrium Model • Economic Growth • growth • Growth Model • Growth Theory • Keynes • Makroökonomie • Numerical Solution Methods • Wirtschaftswachstum
ISBN-10 3-642-08817-1 / 3642088171
ISBN-13 978-3-642-08817-9 / 9783642088179
Zustand Neuware
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