This book offers an introductory step-by-step course in 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…mehr
This book offers an introductory step-by-step course in 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.Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.
José L. Torres is Professor of Macroeconomics in the Department of Economics and Economic History of the University of Málaga (Spain). His current research areas include technological change and economic growth, and stochastic dynamic general equilibrium models. He has published several books and a large number of articles in journals such as Research Policy, Technological and Economic Development of Economy, Journal of lnternational Financial Markets, lnstitutions and Money, Review of Economic Dynamics, lnformation Economics and Policy, Public Choice, Macroeconomic Dynamics, Journal of Macroeconomics, Eastern Europe Economics, Empirical Economics, Economic Modelling, Open Economies Review, and SERIES, among others.
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