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New Approaches Macroeconomic Model: Evolutionary Stochastic Dynamics, Multiple Equilibria, and Externalities as Field Effects - Softcover
Synopsis
New Approaches to Macroeconomic Modeling This book provides a method for modeling large collections of heterogeneous agents subject to non-pairwise externality called field effects.
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Review
"Economists are indebted to Masanao Aoki. He has done an excellent job in bringing together a large amount of important material on stochastic dynamics, showing economists how to use it, and presenting it all in a clear and readable manner. The examples which he presents are interesting but surely only scratch the surface of what these tools can do to improve the realism and depth of economic modeling, macro and micro." Ken Judd, Hoover Institution, Stanford University
Book Description
This book contributes substantively to the current state-of-the-art of macroeconomic modeling by providing a method for modeling large collections of heterogeneous agents subject to non-pairwise externality called field effects, i.e. feedback of aggregate effects on individual agents or agents using state-dependent strategies.
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- PublisherCambridge University Press
- Publication date2008
- ISBN 10 0521637694
- ISBN 13 9780521637695
- BindingPaperback
- Number of pages308
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New Approaches to Macroeconomic Modeling: Evolutionary Stochastic Dynamics, Multiple Equilibria, and Externalities as Field Effects
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New Approaches to Macroeconomic Modeling
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New Approaches to Macroeconomic Modeling: Evolutionary Stochastic Dynamics, Multiple Equilibria, and Externalities as Field Effects
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ISBN 13: 9780521637695
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New Approaches to Macroeconomic Modeling: Evolutionary Stochastic Dynamics, Multiple Equilibria, and Externalities as Field Effects
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ISBN 10: 0521637694
ISBN 13: 9780521637695
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New Approaches to Macroeconomic Modeling: Evolutionary Stochastic Dynamics, Multiple Equilibria, and Externalities as Field Effects
Published by
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ISBN 13: 9780521637695
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New Approaches to Macroeconomic Modeling: Evolutionary Stochastic Dynamics, Multiple Equilibria, and Externalities as Field Effects
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