Introduction to Dynamic Macroeconomic General Equilibrium Models (Vernon Series in Economic Methodology)
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Introduction to Dynamic Macroeconomic General Equilibrium Models (Vernon Series in Economic Methodology)
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Amazon Business : For business-only pricing, quantity discounts and FREE Shipping. Register a free business account Series: Vernon Series in Economic Methodology Hardcover: 270 pages Publisher: Vernon Press (March 15, 2014) Language: English ISBN-10: 1622730070 ISBN-13: 978-1622730070 Product Dimensions: 6 x 0.7 x 9 inches
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Book Description
This book offers an introductory step-by-step course to Dynamic Stochastic General Equilibrium modelling. Modern macroeconomic analysis is increasingly concerned with the construction, calibration and/or estimation and simulation of Dynamic General Equilibrium (DGE) models. The book is intended for graduate students as an introductory course to DGE modelling and for those economists who would like a hands-on approach to learning the basics of modern dynamic macroeconomic modelling. The book starts with the simplest canonical neoclassical DGE model and then gradually extends the basic framework incorporating a variety of additional features, such as consumption habit formation, investment adjustment cost, investment-specific technological change, taxes, public capital, household production, non-ricardian agents, monopolistic competition, etc. The book includes Dynare codes for the models developed that can be downloaded from the book s homepage.
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