Search:

Dynamic general equilibrium modelling

Format Post in Art and Culture BY Alfred Maußner, Burkhard Heer

354022095X Shared By Guest

Dynamic general equilibrium modelling Alfred Maußner, Burkhard Heer is available to download <table><tr><td colspan="2"><strong style="font-size:1.This material is available do download at niSearch.com on Alfred Maußner, Burkhard Heer's eBooks, 2em;">Dynamic general equilibrium modelling</strong><br/>Alfred Maußner, Burkhard Heer</td></tr> <tr> <td><b>Type:</b></td> <td>eBook</td> </tr> <tr> <td><b>Released:</b></td> <td>2005</td> </tr> <tr> <td><b>Publisher:</b></td> <td>Springer</td> </tr> <tr> <td><b>Page Count:</b></td> <td>547</td> </tr> <tr> <td><b>Format:</b></td> <td>pdf</td> </tr> <tr> <td><b>Language:</b></td> <td>English</td> </tr> <tr> <td><b>ISBN-10:</b></td> <td>354022095X</td> </tr> <tr> <td><b>ISBN-13:</b></td> <td>9783540220954</td> </tr> </table> Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models.Dynamic general equilibrium modelling Textbook Many mathematical tools are needed to solve these models. The book presents various methods for computing 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. Part II discusses methods for solving heterogeneous-agent economies. In such economies, the distribution of the individual state variables is endogenous. 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 overlapping-generations model. Through an accompanying home page to this book, computer codes to all applications can be downloaded.

Comments (0)

Currently,no comments for this book!