Macroeconomic Modelling has undergone radical changes in the last few years. There has been considerable innovation in developing robust solution techniques for the new breed of increasingly complex models. Similarly there has been a growing consensus on their long run and dynamic properties, as well as much development on existing themes such as modelling expectations and policy rules. This edited volume focuses on those areas which have undergone the most significant and imaginative developments and brings together the very best of modelling practice.
We include specific sections on (I) Solving Large Macroeconomic Models, (II) Rational Expectations and Learning Approaches, (III) Macro Dynamics, and (IV) Long Run and Closures. All of the contributions offer new research whilst putting their developments firmly in context and as such will influence much future research in the area. It will be an invaluable text for those in policy institutions as well as academics and advanced students in the fields of economics, mathematics, business and government. Our contributors include those working in central banks, the IMF, European Commission and established academics.
We include specific sections on (I) Solving Large Macroeconomic Models, (II) Rational Expectations and Learning Approaches, (III) Macro Dynamics, and (IV) Long Run and Closures. All of the contributions offer new research whilst putting their developments firmly in context and as such will influence much future research in the area. It will be an invaluable text for those in policy institutions as well as academics and advanced students in the fields of economics, mathematics, business and government. Our contributors include those working in central banks, the IMF, European Commission and established academics.
Les mer
Macroeconomic Modelling has undergone radical changes in the last few years.
We include specific sections on (I) Solving Large Macroeconomic Models, (II) Rational Expectations and Learning Approaches, (III) Macro Dynamics, and (IV) Long Run and Closures.
We include specific sections on (I) Solving Large Macroeconomic Models, (II) Rational Expectations and Learning Approaches, (III) Macro Dynamics, and (IV) Long Run and Closures.
Les mer
One: Solution Methods.- 1 Solution Methods and Non-Linear Forward-Looking Models.- 2 From Here to Eternity: The Robustness of Model Solutions to Imperfect Starting Values.- 3 Accelerating Non Linear Perfect Foresight Model Solution by Exploiting the Steady State Linearization.- Two: Rational Expectations and Learning.- 4 Modifying the Rational Expectations Assumption in a Large World Model.- 5 Boundedly versus Procedurally Rational Expectations.- 6 Instrument Rules, Inflation Forecast Rules and Optimal Control Rules when Expectations are Rational.- Three: Macrodynamics.- 7 Asymptotic Hierarchies in an Economic Model.- 8 Computational Methods for Macro Policy Analysis: Hall and Taylor’s Models in DUALI.- 9 The Dynamical Analysis of Forward-Looking Models.- Four: Long Run and Closures in Macro Models.- 10 The Long Run in Macro Models: A Guide.- 11 The Sensitivity of Solutions to Terminal Conditions: Simulating Permanent Shocks with QUEST II.- 12 Solving Large Scale Models Under Alternative Policy Closures: the MSG2 Multi-Country Model.- Author Index.
Les mer
Springer Book Archives
GPSR Compliance
The European Union's (EU) General Product Safety Regulation (GPSR) is a set of rules that requires consumer products to be safe and our obligations to ensure this.
If you have any concerns about our products you can contact us on ProductSafety@springernature.com.
In case Publisher is established outside the EU, the EU authorized representative is:
Springer Nature Customer Service Center GmbH
Europaplatz 3
69115 Heidelberg, Germany
ProductSafety@springernature.com
Les mer
Produktdetaljer
ISBN
9780792385981
Publisert
1999-10-31
Utgiver
Kluwer Academic Publishers
Høyde
235 mm
Bredde
155 mm
Aldersnivå
Research, UP, P, 05, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet