rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Dynamic General Equilibrium Modeling
  name:
    name part: Heer, Burkhard.
    role:
      role term: creator
    role:
      role term: author.
  name:
    name part: Maußner, Alfred.
    role:
      role term: author.
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  origin info:
    place:
      place term: gw
    date issued: 2009
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic
    form: electronic resource
    reformatting quality: access
    form: remote
    extent: XXXII, 702 p. online resource.
  abstract: 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 part II, the authors discuss methods in order to solve heterogeneous-agent economies. This part of the book also serves as an introduction to the modern theory of distribution economics. Applications include the dynamics of the income distribution over the business cycle or the demographic transition in a large-scale overlapping generations model. In an accompanying home page to this book, computer codes to all applications can be downloaded. "This is perhaps the perfect book to learn how to solve quantitative macroeconomics models. Its balance between theory, choice of models, computational insights and use of examples make it an excellent teaching tool. One of the very few books a professional macroeconomist should have: I always learn something important when I consult it." José-Víctor Ríos Rull, University of Minnesota "This book not only does an excellent job in explaining the existing tools, but it also teaches the reader on how to write her/his own programs and it provides the reader with the tools to help advance the state of the art of dynamic macroeconomics. " Wouter J. Den Haan, University of Amsterdam "This is an excellent book for economists who do quantitative research. It will be an invaluable teaching tool for graduate macroeconomic courses." Ayse Imrohoroglu, University of Southern California "… provides the reader with exactly the necessary computational tools to solve …
  table of contents: Representative Agent Models -- Basic Models -- Perturbation Methods -- Deterministic Extended Path -- Discrete State Space Methods -- Parameterized Expectations -- Projection Methods -- Heterogeneous Agent Models -- Computation of Stationary Distributions -- Dynamics of the Distribution function -- Deterministic Overlapping Generations Models -- Stochastic Overlapping Generations Models -- Tools -- Numerical Methods -- Various Other Tools.
  note: by Burkhard Heer, Alfred Maußner.
  subject:
    topic: Computer simulation
  subject:
    topic: Economic theory
  subject:
    topic: Macroeconomics
  subject:
    topic: Economic growth
  subject:
    topic: Economics
  subject:
    topic: Economic Theory/Quantitative Economics/Mathematical Methods
  subject:
    topic: Macroeconomics/Monetary Economics//Financial Economics
  subject:
    topic: Economic Growth
  subject:
    topic: Simulation and Modeling
  classification: HB1-846.8
  classification: 330.1
  related item:
    title info:
      title: Springer eBooks
  identifier: 9783540856856
  identifier: http://dx.doi.org/10.1007/978-3-540-85685-6
  record info:
    record creation date: 100301
    record change date: 20151204184004.0
    record identifier: 978-3-540-85685-6