Understanding DSGE models;Theory and Applications

Language: English

Published by Vernon Art And Science Jul 2016, 2016

1622730380 / 9781622730384

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Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH

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Neuware - While the theoretical development of DSGE models is not overly difficult to understand, practical application remains somewhat complex. The literature on this subject has some significant obscure points. This book can be thought of, firstly, as a tool to overcome initial hurdles with this type of modeling. Secondly, by showcasing concrete applications, it aims to persuade incipient researchers to work with this methodology. In principle, this is not a book on macroeconomics in itself, but on tools used in the construction of this sort of models. It strives to present this technique in a detailed manner, thereby providing a step by step course intended to walk readers through this otherwise daunting process. The book begins with a basic Real Business Cycle model. Subsequently various frictions are gradually incorporated into a standard DSGE model: imperfect competition; frictions in prices and in wages ; habit formation; non-Ricardian agents; adjustment cost in investment; costs of not using the maximum installed capacity; and finally, Government.

Seller Inventory # 9781622730384

Title
Understanding DSGE models;Theory and Applications
Author
Celso Jose Costa Junior
Publisher
Vernon Art And Science Jul 2016
Publication year
2016
Condition
Neu
Binding
Buch
Language
English
ISBN 10
1622730380
ISBN 13
9781622730384
Item weight
585 grams
Dimensions
235x157x20 mm

AHA-BUCH GmbH

Einbeck, Germany

5-star seller

AbeBooks seller since August 14, 2006

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