DSGE Models in Macroeconomics

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Author :
Publisher : Emerald Group Publishing
ISBN 13 : 1781903069
Total Pages : 480 pages
Book Rating : 4.7/5 (819 download)

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Book Synopsis DSGE Models in Macroeconomics by : Nathan Balke

Download or read book DSGE Models in Macroeconomics written by Nathan Balke and published by Emerald Group Publishing. This book was released on 2012-11-29 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume of Advances in Econometrics contains articles that examine key topics in the modeling and estimation of dynamic stochastic general equilibrium (DSGE) models. Because DSGE models combine micro- and macroeconomic theory with formal econometric modeling and inference, over the past decade they have become an established framework for analy

Bayesian Estimation of DSGE Models

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Author :
Publisher : Princeton University Press
ISBN 13 : 0691161089
Total Pages : 295 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Bayesian Estimation of DSGE Models by : Edward P. Herbst

Download or read book Bayesian Estimation of DSGE Models written by Edward P. Herbst and published by Princeton University Press. This book was released on 2015-12-29 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dynamic stochastic general equilibrium (DSGE) models have become one of the workhorses of modern macroeconomics and are extensively used for academic research as well as forecasting and policy analysis at central banks. This book introduces readers to state-of-the-art computational techniques used in the Bayesian analysis of DSGE models. The book covers Markov chain Monte Carlo techniques for linearized DSGE models, novel sequential Monte Carlo methods that can be used for parameter inference, and the estimation of nonlinear DSGE models based on particle filter approximations of the likelihood function. The theoretical foundations of the algorithms are discussed in depth, and detailed empirical applications and numerical illustrations are provided. The book also gives invaluable advice on how to tailor these algorithms to specific applications and assess the accuracy and reliability of the computations. Bayesian Estimation of DSGE Models is essential reading for graduate students, academic researchers, and practitioners at policy institutions.

Dynamic Macroeconomic Models in Emerging Market Economies

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Publisher : Springer Nature
ISBN 13 : 981154588X
Total Pages : 286 pages
Book Rating : 4.8/5 (115 download)

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Book Synopsis Dynamic Macroeconomic Models in Emerging Market Economies by : Daniel Lukui Jia

Download or read book Dynamic Macroeconomic Models in Emerging Market Economies written by Daniel Lukui Jia and published by Springer Nature. This book was released on 2020-08-26 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book summarizes the evolution of modern macroeconomics (New Consensus Macroeconomics, NCM) and proposes a new approach to theoretical and empirical analysis, which is based on a recently developed dynamic stochastic general equilibrium (DSGE) model. Dynamic macroeconomic analysis in emerging market economies is challenging, and of growing importance in the global economy, where emerging markets are becoming more and more influential. Clearly, a deeper understanding of the inner workings of emerging economies, particularly with respect to their socioeconomic structure and the urbanization process, is needed. The book’s extends the NCM/DSGE model to better account for significant economic and social features in emerging market economies. In particular, household heterogeneities and social stratification are explicitly incorporated into the framework proposed here, substantially enhancing the comprehensiveness of the model economy, and allowing it to better account for underlying social structure in emerging economies. Furthermore, financial and housing markets have not been considered sufficiently in either the advanced or emerging economy literature, an oversight this book remedies. As such, it makes an original and valuable contribution to the field, and a direction for future research.

Introduction to Dynamic Macroeconomic General Equilibrium Models

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Author :
Publisher : Vernon Press
ISBN 13 : 9781622730254
Total Pages : 270 pages
Book Rating : 4.7/5 (32 download)

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Book Synopsis Introduction to Dynamic Macroeconomic General Equilibrium Models by : Jose Luis Torres Chacon

Download or read book Introduction to Dynamic Macroeconomic General Equilibrium Models written by Jose Luis Torres Chacon and published by Vernon Press. This book was released on 2015-03-01 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an introductory step-by-step course to Dynamic Stochastic General Equilibrium modelling. Modern macroeconomic analysis is increasingly concerned with the construction, calibration and/or estimation and simulation of Dynamic General Equilibrium (DGE) models. The book is intended for graduate students as an introductory course to DGE modelling and for those economists who would like a hands-on approach to learning the basics of modern dynamic macroeconomic modelling. The book starts with the simplest canonical neoclassical DGE model and then gradually extends the basic framework incorporating a variety of additional features, such as consumption habit formation, investment adjustment cost, investment-specific technological change, taxes, public capital, household production, non-ricardian agents, monopolistic competition, etc. The book includes Dynare codes for the models developed that can be downloaded from the book's homepage.

Advanced Macroeconomics

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Author :
Publisher : LSE Press
ISBN 13 : 1909890707
Total Pages : 420 pages
Book Rating : 4.9/5 (98 download)

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Book Synopsis Advanced Macroeconomics by : Filipe R. Campante

Download or read book Advanced Macroeconomics written by Filipe R. Campante and published by LSE Press. This book was released on 2021-10-11 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomic policy is one of the most important policy domains, and the tools of macroeconomics are among the most valuable for policy makers. Yet there has been, up to now, a wide gulf between the level at which macroeconomics is taught at the undergraduate level and the level at which it is practiced. At the same time, doctoral-level textbooks are usually not targeted at a policy audience, making advanced macroeconomics less accessible to current and aspiring practitioners. This book, born out of the Masters course the authors taught for many years at the Harvard Kennedy School, fills this gap. It introduces the tools of dynamic optimization in the context of economic growth, and then applies them to a wide range of policy questions – ranging from pensions, consumption, investment and finance, to the most recent developments in fiscal and monetary policy. It does so with the requisite rigor, but also with a light touch, and an unyielding focus on their application to policy-making, as befits the authors’ own practical experience. Advanced Macroeconomics: An Easy Guide is bound to become a great resource for graduate and advanced undergraduate students, and practitioners alike.

Understanding DSGE

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Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (964 download)

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Book Synopsis Understanding DSGE by : Celso José Costa

Download or read book Understanding DSGE written by Celso José Costa and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Teaching Macroeconomics with Microsoft Excel®

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Publisher : Cambridge University Press
ISBN 13 : 1107584981
Total Pages : 199 pages
Book Rating : 4.1/5 (75 download)

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Book Synopsis Teaching Macroeconomics with Microsoft Excel® by : Humberto Barreto

Download or read book Teaching Macroeconomics with Microsoft Excel® written by Humberto Barreto and published by Cambridge University Press. This book was released on 2016-05-23 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: Humberto Barreto shows professors how to teach macroeconomic models and incorporate data using Microsoft Excel® with free files and videos.

DSGE Models in Macroeconomics

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Author :
Publisher : Emerald Group Publishing
ISBN 13 : 1781903050
Total Pages : 480 pages
Book Rating : 4.7/5 (819 download)

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Book Synopsis DSGE Models in Macroeconomics by : Nathan Balke

Download or read book DSGE Models in Macroeconomics written by Nathan Balke and published by Emerald Group Publishing. This book was released on 2012-11-29 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume of Advances in Econometrics contains articles that examine key topics in the modeling and estimation of dynamic stochastic general equilibrium (DSGE) models. Because DSGE models combine micro- and macroeconomic theory with formal econometric modeling and inference, over the past decade they have become an established framework for analy

Handbook of Computable General Equilibrium Modeling

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Author :
Publisher : Newnes
ISBN 13 : 0444536353
Total Pages : 1143 pages
Book Rating : 4.4/5 (445 download)

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Book Synopsis Handbook of Computable General Equilibrium Modeling by : Peter B. Dixon

Download or read book Handbook of Computable General Equilibrium Modeling written by Peter B. Dixon and published by Newnes. This book was released on 2013-11-14 with total page 1143 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this collection of 17 articles, top scholars synthesize and analyze scholarship on this widely used tool of policy analysis, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top US graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view. Presents coherent summaries of CGE theories that inform major model types Covers the construction of CGE databases, model solving, and computer-assisted interpretation of results Shows how CGE modeling has made a contribution to economic policy

Methods for Applied Macroeconomic Research

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Publisher : Princeton University Press
ISBN 13 : 140084102X
Total Pages : 509 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Methods for Applied Macroeconomic Research by : Fabio Canova

Download or read book Methods for Applied Macroeconomic Research written by Fabio Canova and published by Princeton University Press. This book was released on 2011-09-19 with total page 509 pages. Available in PDF, EPUB and Kindle. Book excerpt: The last twenty years have witnessed tremendous advances in the mathematical, statistical, and computational tools available to applied macroeconomists. This rapidly evolving field has redefined how researchers test models and validate theories. Yet until now there has been no textbook that unites the latest methods and bridges the divide between theoretical and applied work. Fabio Canova brings together dynamic equilibrium theory, data analysis, and advanced econometric and computational methods to provide the first comprehensive set of techniques for use by academic economists as well as professional macroeconomists in banking and finance, industry, and government. This graduate-level textbook is for readers knowledgeable in modern macroeconomic theory, econometrics, and computational programming using RATS, MATLAB, or Gauss. Inevitably a modern treatment of such a complex topic requires a quantitative perspective, a solid dynamic theory background, and the development of empirical and numerical methods--which is where Canova's book differs from typical graduate textbooks in macroeconomics and econometrics. Rather than list a series of estimators and their properties, Canova starts from a class of DSGE models, finds an approximate linear representation for the decision rules, and describes methods needed to estimate their parameters, examining their fit to the data. The book is complete with numerous examples and exercises. Today's economic analysts need a strong foundation in both theory and application. Methods for Applied Macroeconomic Research offers the essential tools for the next generation of macroeconomists.

Understanding Dsge Models

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Author :
Publisher :
ISBN 13 : 9781622731336
Total Pages : 286 pages
Book Rating : 4.7/5 (313 download)

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Book Synopsis Understanding Dsge Models by : Celso Jose Costa Junior

Download or read book Understanding Dsge Models written by Celso Jose Costa Junior and published by . This book was released on 2016-08-31 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers the essentials in understanding Dynamic Stochastic General Equilibrium (DSGE) models It begins with a basic Real Business Cycle model and gradually adds: imperfect competition; frictions in prices and wages; habit formation; non-Ricardian agents; adjustment cost in investment; of not using maximum installed capacity; and Government.

Introduction to Quantitative Macroeconomics Using Julia

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Author :
Publisher : Academic Press
ISBN 13 : 0128135123
Total Pages : 240 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis Introduction to Quantitative Macroeconomics Using Julia by : Petre Caraiani

Download or read book Introduction to Quantitative Macroeconomics Using Julia written by Petre Caraiani and published by Academic Press. This book was released on 2018-08-29 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to Quantitative Macroeconomics Using Julia: From Basic to State-of-the-Art Computational Techniques facilitates access to fundamental techniques in computational and quantitative macroeconomics. It focuses on the recent and very promising software, Julia, which offers a MATLAB-like language at speeds comparable to C/Fortran, also discussing modeling challenges that make quantitative macroeconomics dynamic, a key feature that few books on the topic include for macroeconomists who need the basic tools to build, solve and simulate macroeconomic models. This book neatly fills the gap between intermediate macroeconomic books and modern DSGE models used in research. Combines an introduction to Julia, with the specific needs of macroeconomic students who are interested in DSGE models and PhD students and researchers interested in building DSGE models Teaches fundamental techniques in quantitative macroeconomics by introducing theoretical elements of key macroeconomic models and their potential algorithmic implementations Exposes researchers working in macroeconomics to state-of-the-art computational techniques for simulating and solving DSGE models

Introduction to Dynamic Macroeconomic General Equilibrium Models [Second Edition]

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Author :
Publisher : Vernon Press
ISBN 13 : 1622739760
Total Pages : 282 pages
Book Rating : 4.6/5 (227 download)

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Book Synopsis Introduction to Dynamic Macroeconomic General Equilibrium Models [Second Edition] by : José L. Torres

Download or read book Introduction to Dynamic Macroeconomic General Equilibrium Models [Second Edition] written by José L. Torres and published by Vernon Press. This book was released on 2020-10-06 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an introductory step-by-step course in Dynamic Stochastic General Equilibrium (DSGE) modelling. Modern macroeconomic analysis is increasingly concerned with the construction, calibration and/or estimation and simulation of DSGE models. The book is intended for graduate students as an introductory course to DSGE modelling and for those economists who would like a hands-on approach to learning the basics of modern dynamic macroeconomic modelling. The book starts with the simplest canonical neoclassical DSGE model and then gradually extends the basic framework incorporating a variety of additional features, such as consumption habit formation, investment adjustment cost, investment-specific technological change, taxes, public capital, household production, non-ricardian agents, monopolistic competition, etc. The book includes Dynare codes for the models developed that can be downloaded from the book’s homepage. The second edition is identical to the first with the exception of a revised appendix to Chapter 2. The revised appendix can be downloaded free of charge in the accompanying downloads section.

Dynamic Macroeconomic Analysis

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Author :
Publisher : Cambridge University Press
ISBN 13 : 9780521826686
Total Pages : 604 pages
Book Rating : 4.8/5 (266 download)

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Book Synopsis Dynamic Macroeconomic Analysis by : Sumru Altug

Download or read book Dynamic Macroeconomic Analysis written by Sumru Altug and published by Cambridge University Press. This book was released on 2003-11-20 with total page 604 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of essays applies modern micro-founded macroeconomic models to some of the most important economic policy questions facing monetary and macroeconomic policymakers. Key issues surveyed include: consumption investment; growth and business cycles; the role of government; asset pricing; the interaction of monetary and fiscal policy; open-economy issues; stabilization policy and general equilibrium analysis of emerging market crises. The book includes specially commissioned chapters from recognized authorities.

An Introduction to Computational Macroeconomics

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Publisher : Vernon Press
ISBN 13 : 162273940X
Total Pages : 320 pages
Book Rating : 4.6/5 (227 download)

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Book Synopsis An Introduction to Computational Macroeconomics by : Anelí Bongers

Download or read book An Introduction to Computational Macroeconomics written by Anelí Bongers and published by Vernon Press. This book was released on 2020-09-01 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an introduction to computational macroeconomics, using a new approach to the study of dynamic macroeconomic models. It solves a variety of models in discrete time numerically, using a Microsoft Excel spreadsheet as a computer tool. The solved models include dynamic macroeconomic models with rational expectations, both non-microfounded and microfounded, constituting a novel approach that facilitates the learning and use of dynamic general equilibrium models, which have now become the principal tool for macroeconomic analysis. Spreadsheets are widely known and relatively easy to use, meaning that the computer skills needed to work with dynamic general equilibrium models are affordable for undergraduate students in Advanced Macroeconomics courses.

DSGE Models for Real Business Cycle and New Keynesian Macroeconomics

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Author :
Publisher : Springer Nature
ISBN 13 : 3031560345
Total Pages : 380 pages
Book Rating : 4.0/5 (315 download)

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Book Synopsis DSGE Models for Real Business Cycle and New Keynesian Macroeconomics by : Giuseppe Chirichiello

Download or read book DSGE Models for Real Business Cycle and New Keynesian Macroeconomics written by Giuseppe Chirichiello and published by Springer Nature. This book was released on with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Monetary and Fiscal Policy through a DSGE Lens

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Author :
Publisher : Oxford University Press
ISBN 13 : 0190076062
Total Pages : 277 pages
Book Rating : 4.1/5 (9 download)

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Book Synopsis Monetary and Fiscal Policy through a DSGE Lens by : Harold L. Cole

Download or read book Monetary and Fiscal Policy through a DSGE Lens written by Harold L. Cole and published by Oxford University Press. This book was released on 2020-02-24 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Monetary and Fiscal Policy Through a DSGE Lens, Harold L. Cole develops and extends versions of a classic quantitative model of economic growth to take on a wide range of topics in monetary and fiscal policy. Bridging the gap between current undergraduate and graduate texts in the field, this comprehensive book covers the basic elements of advanced macroeconomics and equips readers to understand the debate on key policy questions. By using the simple DSGE, or dynamic stochastic general equilibrium, framework to build a series of quantitative models, the book combines a gradual introduction to advanced analytic methods with computer programming and quantitative policy analysis. In a clear discussion of the sophisticated interaction between theory and data, Cole explains how to gauge how well a model captures key elements in the data and how to reverse engineer a model to data. The book covers costs of inflation, optimal monetary policy, the impact of labor and capital taxes, and optimal fiscal policy. It systematically discusses technical material including the new Keynesian liquidity shock models, standard analytic methods, such as Lagrangian methods, and computational methods using Matlab and Python. With a strong computational emphasis, the volume teaches how to program up and solve systems of non-linear equations and develop models to study the macroeconomy. Knowing how to deeply understand and analyze models and develop computational code to evaluate the implications of those models is essential for students of macroeconomics. This book connects the standard undergraduate material to the elaborate models of advanced graduate courses with systematic and logical coverage of the basics of advanced modern macroeconomics.