Dynamic General Equilibrium 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 repres...

Full description

Saved in:
Bibliographic Details
Main Authors: Heer, Burkhard, Maussner, Alfred
Format: Book
Language:English
Published: Springer 2017
Subjects:
Online Access:http://repository.vnu.edu.vn/handle/VNU_123/30466
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Vietnam National University, Hanoi
Language: English
id oai:112.137.131.14:VNU_123-30466
record_format dspace
spelling oai:112.137.131.14:VNU_123-304662020-05-13T01:41:19Z Dynamic General Equilibrium Modeling Heer, Burkhard Maussner, Alfred Business Economics 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. 2017-04-18T03:23:44Z 2017-04-18T03:23:44Z 2009 Book 978-3-642-03148-9 http://repository.vnu.edu.vn/handle/VNU_123/30466 en 720 p. application/pdf Springer
institution Vietnam National University, Hanoi
building VNU Library & Information Center
country Vietnam
collection VNU Digital Repository
language English
topic Business
Economics
spellingShingle Business
Economics
Heer, Burkhard
Maussner, Alfred
Dynamic General Equilibrium Modeling
description 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.
format Book
author Heer, Burkhard
Maussner, Alfred
author_facet Heer, Burkhard
Maussner, Alfred
author_sort Heer, Burkhard
title Dynamic General Equilibrium Modeling
title_short Dynamic General Equilibrium Modeling
title_full Dynamic General Equilibrium Modeling
title_fullStr Dynamic General Equilibrium Modeling
title_full_unstemmed Dynamic General Equilibrium Modeling
title_sort dynamic general equilibrium modeling
publisher Springer
publishDate 2017
url http://repository.vnu.edu.vn/handle/VNU_123/30466
_version_ 1680966648845041664