Dynamic General Equilibrium Modeling

• Main Authors: Heer, Burkhard (Author), Maußner, Alfred (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2009.
• Subjects: Computer simulation.; Economic theory.; Macroeconomics.; Economic growth.; Economics.; Economic Theory/Quantitative Economics/Mathematical Methods.; Macroeconomics/Monetary Economics//Financial Economics.; Economic Growth.; Simulation and Modeling.

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 represe...

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.