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 representativeagent 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 particular, the book discusses issues that are often neglected in existing work on computational methods, e.g. how to find a good initial value. In part II, the authors discuss methods in order to solve heterogeneousagent 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 overlappinggenerations model. In an accompanying home page to this book, computer codes to all applications can be downloaded.
About Burkhard Heer
Unfortunately, right now we cannot provide you with specifics of your Founder Burkhard Heer. However doesn't mean we do not work for my child selection. We question which you assist us in this make any difference. In case you have free time and want will probably exceptionally take pleasure in in the event you give people your data. While obtaining these suggestions and data from consumers in regards to the Dynamic General Equilibrium Modeling Author Burkhard Heer, we all initial her examine. As soon as we all be sure that almost all true, simply just submit the item. Many of us appreciate this support and also many thanks in advance.Details Book
Author  :  Burkhard Heer 
Publisher  :  SpringerVerlag Berlin and Heidelberg GmbH 
Data Published  :  12 November 2008 
ISBN  :  3540856846 
EAN  :  9783540856849 
Format Book  :  PDF, Epub, DOCx, TXT 
Number of Pages  :  734 pages 
Age +  :  15 years 
Language  :  English 
Rating  : 
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