Author: Jean-Pierre DanthinePublisher:
ISBN:
Category :
Languages : en
Pages : 64
Book Description
On Some Computational Aspects of Equilibrium Business Cycle Theory
Author: Jean-Pierre DanthineOn Some Computational Aspects of Real Business Cycle Theory (Classic Reprint)
Author: Jean-Pierre DanthinePublisher: Forgotten Books
ISBN: 9780267614462
Category : Mathematics
Languages : en
Pages : 28
Book Description
Excerpt from On Some Computational Aspects of Real Business Cycle Theory It has been common practice in the recent Real Business Cycle (bbc) literature to approximate, quadratically, the return function about the steady state and then to use this approximate return function as the basis for generating the economy's equilibrium time series. This is done for well known reasons of analytic and computational simplicity with a quadratic return function the decision rules are linear and may be easily determined. To compute the optimal decision rules numerically via standard value iteration procedures is simply too intensive when the number of decision and state variables is large. Nevertheless, it is legitimate to question the extent to which accuracy is compromised using such approximate procedures. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
On Some Computational Aspects of Real Business Cycle Theory
Author: Jean-Pierre DanthineOn Some Computational Aspects of Equlibrium Business Cycle Theory
Author: Jean-Pierre DanthineOn Some Computational Aspects of Real Business Cycle Theory - Primary Source Edition
Author: Jean-Pierre DanthinePublisher: Nabu Press
ISBN: 9781293053058
Category :
Languages : en
Pages : 30
Book Description
This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book.
Computational Aspects of General Equilibrium Theory
Author: Donald BrownPublisher: Springer
ISBN: 9783540845706
Category : Business & Economics
Languages : en
Pages : 204
Book Description
This monograph presents a general equilibrium methodology for microeconomic policy analysis. It is intended to serve as an alternative to the now classical, axiomatic general equilibrium theory as exposited in Debreu`s Theory of Value (1959) or Arrow and Hahn`s General Competitive Analysis (1971). The monograph consists of several essays written over the last decade. It also contains an appendix by Charles Steinhorn on the elements of O-minimal structures.
Equilibrium Theory and Applications
Author: William A. BarnettPublisher: Cambridge University Press
ISBN: 9780521392198
Category : Business & Economics
Languages : en
Pages : 504
Book Description
The Sixth Annual International Symposium in Economic Theory and Econometrics was dedicated to Jacques Drèze on the occasion of his retirement.
Handbook of Macroeconomics
Author: Michael WoodfordPublisher: Elsevier
ISBN: 9780444501561
Category :
Languages : en
Pages : 822
Book Description
Frontiers of Business Cycle Research
Author: Thomas F. CooleyPublisher: Princeton University Press
ISBN: 0691218056
Category : Business & Economics
Languages : en
Pages : 442
Book Description
Among the most revolutionary and productive areas of economic research over the last two decades, modern business cycle theory is finally made accessible to students and professionals in this rigorous, unified, introductory volume. This theory starts with the view that growth and fluctuations are not distinct phenomena to be studied separately--and that business cycles result from shocks (such as the availability of new technologies), which regularly affect most economies. The unifying theme of this book is the use of the neoclassical growth framework to study the economic fluctuations associated with the business cycle. Presenting recent advances in dynamic economic theory and computational methods--with emphasis on the construction of equilibrium paths for simple artificial economies--leading experts orient readers in the quantitative study of aggregate fluctuations and apply its concepts to key issues in macroeconomics and business cycle theory. This volume covers such issues as the aggregate labor market, the role of the household sector, the role of money, the behavior of asset markets, non-Walrasian economies, monopolistically competitive economies, international business cycles, and the design of economic policies. The contributors are David Backus, V. V. Chari, Lawrence Christiano, Thomas F. Cooley, Jean-Pierre Danthine, John Donaldson, Jeremy Greenwood, Gary D. Hansen, Patrick Kehoe, Finn Kydland, Edward C. Prescott, Richard Rogerson, Julio Rotemberg, Geert Rouwenhorst, José-Víctor Ríos-Rull, Michael Woodford, and Randall Wright.
Numerical Methods in Economics
Author: Kenneth L. JuddPublisher: MIT Press
ISBN: 9780262100717
Category : Business & Economics
Languages : en
Pages : 662
Book Description
To harness the full power of computer technology, economists need to use a broad range of mathematical techniques. In this book, Kenneth Judd presents techniques from the numerical analysis and applied mathematics literatures and shows how to use them in economic analyses. The book is divided into five parts. Part I provides a general introduction. Part II presents basics from numerical analysis on R^n, including linear equations, iterative methods, optimization, nonlinear equations, approximation methods, numerical integration and differentiation, and Monte Carlo methods. Part III covers methods for dynamic problems, including finite difference methods, projection methods, and numerical dynamic programming. Part IV covers perturbation and asymptotic solution methods. Finally, Part V covers applications to dynamic equilibrium analysis, including solution methods for perfect foresight models and rational expectation models. A website contains supplementary material including programs and answers to exercises.