Learning By Doing In Dynamic General Equilibrium Models Microform Macroeconomic Implications And Estimates

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Learning-by-doing in Dynamic General Equilibrium Models [microform]: Macroeconomic Implications and Estimates

Author : Andrew J. Clarke
Publisher : Library and Archives Canada = Bibliothèque et Archives Canada
ISBN 13 : 9780494044995
Total Pages : 420 pages
Book Rating : 4.0/5 (449 download)

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Book Synopsis Learning-by-doing in Dynamic General Equilibrium Models [microform]: Macroeconomic Implications and Estimates by : Andrew J. Clarke

Download or read book Learning-by-doing in Dynamic General Equilibrium Models [microform]: Macroeconomic Implications and Estimates written by Andrew J. Clarke and published by Library and Archives Canada = Bibliothèque et Archives Canada. This book was released on 2004 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: These macroeconomic effects arising from the accumulation of organizational capital rely critically upon the existence of a dynamic structure, at the plant level, associated with the accumulation of organizational capital. The results presented in this thesis suggest: that this dynamic structure will be empirically important for production units across a diverse range of (manufacturing) industries. Consequently, existing studies of learning-by-doing that aim to quantify the productivity of (accumulated) production experience without also considering the (endogenous) accumulation of this production experience are likely to be seriously flawed.

Introduction to Dynamic Macroeconomic General Equilibrium Models

Author : Jose L. Chacon
Publisher : Vernon Press
ISBN 13 : 9781622730070
Total Pages : 268 pages
Book Rating : 4.7/5 (3 download)

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Book Synopsis Introduction to Dynamic Macroeconomic General Equilibrium Models by : Jose L. Chacon

Download or read book Introduction to Dynamic Macroeconomic General Equilibrium Models written by Jose L. Chacon and published by Vernon Press. This book was released on 2014-02-20 with total page 268 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.

Dynamic General Equilibrium Modeling

Author : Burkhard Heer
Publisher : Springer Nature
ISBN 13 : 3031516818
Total Pages : 943 pages
Book Rating : 4.0/5 (315 download)

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Book Synopsis Dynamic General Equilibrium Modeling by : Burkhard Heer

Download or read book Dynamic General Equilibrium Modeling written by Burkhard Heer and published by Springer Nature. This book was released on with total page 943 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contemporary macroeconomics is built upon microeconomic principles, with its most recent advance featuring dynamic stochastic general equilibrium models. The textbook by Heer and Maußner acquaints readers with the essential computational techniques required to tackle these models and employ them for quantitative analysis. This third edition maintains the structure of the second, dividing the content into three separate parts dedicated to representative agent models, heterogeneous agent models, and numerical methods. At the same time, every chapter has been revised and two entirely new chapters have been added. The updated content reflects the latest advances in both numerical methods and their applications in macroeconomics, spanning areas like business-cycle analysis, economic growth theory, distributional economics, monetary and fiscal policy. The two new chapters delve into advanced techniques, including higher-order perturbation, weighted residual methods, and solutions to high-dimensional nonlinear problems. In addition, the authors present further insights from macroeconomic theory, complemented by practical applications like the Smolyak algorithm, Gorman aggregation, rare disaster models and dynamic Laffer curves. Lastly, the new edition places special emphasis on practical implementation across various programming languages; accordingly, its accompanying web page offers examples of computer code for languages such as MATLAB®, GAUSS, Fortran, Julia and Python. "This book does not only an excellent job in explaining the existing tools, but it also teaches the reader on how to write his/her own programs and it provides the reader with the tools to help advance the state of the art of dynamic macroeconomics." Wouter J. Den Haan, London School of Economics ”... provides the reader with exactly the necessary computational tools to solve the dynamic general equilibrium models macroeconomists care about. It is therefore the perfect complement to Stokey, Lucas and Prescott's and Sargent and Ljungqvist's theoretical treatment of modern macroeconomics." Dirk Krueger, University of Pennsylvania.

Introduction to Dynamic Macroeconomic General Equilibrium Models [Second Edition]

Author : José L. Torres
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.

DSGE Models in Macroeconomics

Author : Nathan Balke
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

Dynamic General Equilibrium Modelling

Author : Burkhard Heer
Publisher : Springer Science & Business Media
ISBN 13 : 3540273123
Total Pages : 548 pages
Book Rating : 4.5/5 (42 download)

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Book Synopsis Dynamic General Equilibrium Modelling by : Burkhard Heer

Download or read book Dynamic General Equilibrium Modelling written by Burkhard Heer and published by Springer Science & Business Media. This book was released on 2005-12-05 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. Many mathematical tools are needed to solve these models. The book presents various methods for computing the dynamics of general equilibrium models. In part I, the representative-agent stochastic growth model is solved with the help of value function iteration, linear and linear quadratic approximation methods, parameterised expectations and projection methods. In order to apply these methods, fundamentals from numerical analysis are reviewed in detail. Part II discusses methods for solving heterogeneous-agent economies. In such economies, the distribution of the individual state variables is endogenous. This part of the book also serves as an introduction to the modern theory of distribution economics. Applications include the dynamics of the income distribution over the business cycle or the overlapping-generations model. Through an accompanying home page to this book, computer codes to all applications can be downloaded.

Introduction to Dynamic Macroeconomic General Equilibrium Models

Author : Jose Luis Torres Chacon
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.

The New Generation of Computable General Equilibrium Models

Author : Federico Perali
Publisher : Springer
ISBN 13 : 3319585339
Total Pages : 343 pages
Book Rating : 4.3/5 (195 download)

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Book Synopsis The New Generation of Computable General Equilibrium Models by : Federico Perali

Download or read book The New Generation of Computable General Equilibrium Models written by Federico Perali and published by Springer. This book was released on 2018-05-02 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers some important topics in the construction of computable general equilibrium (CGE) models and examines use of these models for the analysis of economic policies, their properties, and their implications. Readers will find explanation and discussion of the theoretical structure and practical application of several model typologies, including dynamic, stochastic, micro-macro, and simulation models, as well as different closure rules and policy experiments. The presentation of applications to various country and problem-specific case studies serves to provide an informed and clearly articulated summary of the state of the art and the most important methodological advancements in the field of policy modeling within the framework of general equilibrium analysis. The book is an outcome of a recent workshop of the Italian Development Economists Association attended by a group of leading practitioners involved in the generation of CGE models and research on modeling the economy and policy making. It will be of interest to researchers, professional economists, graduate students, and knowledgeable policy makers.

Introduction to Dynamic Macroeconomic General Equilibrium Models

Author :
Publisher : Vernon Press
ISBN 13 : 9781622730247
Total Pages : pages
Book Rating : 4.7/5 (32 download)

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Book Synopsis Introduction to Dynamic Macroeconomic General Equilibrium Models by :

Download or read book Introduction to Dynamic Macroeconomic General Equilibrium Models written by and published by Vernon Press. This book was released on 2015-04-15 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an introductory step-by-step course in 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.

Introduction to Dynamic Macroeconomic General Equilibrium Models

Author : José Luis Torres Chacon
Publisher : Vernon Art and Science
ISBN 13 : 9781622730308
Total Pages : 286 pages
Book Rating : 4.7/5 (33 download)

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

Download or read book Introduction to Dynamic Macroeconomic General Equilibrium Models written by José Luis Torres Chacon and published by Vernon Art and Science. This book was released on 2015-07-06 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an introductory step-by-step course in 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.

Recursive Models of Dynamic Linear Economies

Author : Lars Peter Hansen
Publisher : Princeton University Press
ISBN 13 : 0691180733
Total Pages : 418 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Recursive Models of Dynamic Linear Economies by : Lars Peter Hansen

Download or read book Recursive Models of Dynamic Linear Economies written by Lars Peter Hansen and published by Princeton University Press. This book was released on 2018-07-10 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to the economic modeling of household preferences, from two leaders in the field A common set of mathematical tools underlies dynamic optimization, dynamic estimation, and filtering. In Recursive Models of Dynamic Linear Economies, Lars Peter Hansen and Thomas Sargent use these tools to create a class of econometrically tractable models of prices and quantities. They present examples from microeconomics, macroeconomics, and asset pricing. The models are cast in terms of a representative consumer. While Hansen and Sargent demonstrate the analytical benefits acquired when an analysis with a representative consumer is possible, they also characterize the restrictiveness of assumptions under which a representative household justifies a purely aggregative analysis. Hansen and Sargent unite economic theory with a workable econometrics while going beyond and beneath demand and supply curves for dynamic economies. They construct and apply competitive equilibria for a class of linear-quadratic-Gaussian dynamic economies with complete markets. Their book, based on the 2012 Gorman lectures, stresses heterogeneity, aggregation, and how a common structure unites what superficially appear to be diverse applications. An appendix describes MATLAB programs that apply to the book's calculations.

Post Walrasian Macroeconomics

Author : David Colander
Publisher : Cambridge University Press
ISBN 13 : 1139459058
Total Pages : 33 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Post Walrasian Macroeconomics by : David Colander

Download or read book Post Walrasian Macroeconomics written by David Colander and published by Cambridge University Press. This book was released on 2006-07-17 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomics is evolving in an almost dialectic fashion. The latest evolution is the development of a new synthesis that combines insights of new classical, new Keynesian and real business cycle traditions into a dynamic, stochastic general equilibrium (DSGE) model that serves as a foundation for thinking about macro policy. That new synthesis has opened up the door to a new antithesis, which is being driven by advances in computing power and analytic techniques. This new synthesis is coalescing around developments in complexity theory, automated general to specific econometric modeling, agent-based models, and non-linear and statistical dynamical models. This book thus provides the reader with an introduction to what might be called a Post Walrasian research program that is developing as the antithesis of the Walrasian DSGE synthesis.

Dynamic General Equilibrium Modeling

Author : Burkhard Heer
Publisher : Springer
ISBN 13 : 9783540856856
Total Pages : 702 pages
Book Rating : 4.8/5 (568 download)

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Book Synopsis Dynamic General Equilibrium Modeling by : Burkhard Heer

Download or read book Dynamic General Equilibrium Modeling written by Burkhard Heer and published by Springer. This book was released on 2009-02-03 with total page 702 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. In order to solve these models, economists need to use many mathematical tools. This book presents various methods in order to compute the dynamics of general equilibrium models. In part I, the representative-agent stochastic growth model is solved with the help of value function iteration, linear and linear quadratic approximation methods, parameterised expectations and projection methods. In order to apply these methods, fundamentals from numerical analysis are reviewed in detail. In particular, the book discusses issues that are often neglected in existing work on computational methods, e.g. how to find a good initial value. In part II, the authors discuss methods in order to solve heterogeneous-agent economies. In such economies, the distribution of the individual state variables is endogenous. This part of the book also serves as an introduction to the modern theory of distribution economics. Applications include the dynamics of the income distribution over the business cycle or the overlapping-generations model. In an accompanying home page to this book, computer codes to all applications can be downloaded.

Disequilibrium Macroeconomic Models

Author : Jean-Paul Lambert
Publisher : CUP Archive
ISBN 13 : 9780521322096
Total Pages : 204 pages
Book Rating : 4.3/5 (22 download)

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Book Synopsis Disequilibrium Macroeconomic Models by : Jean-Paul Lambert

Download or read book Disequilibrium Macroeconomic Models written by Jean-Paul Lambert and published by CUP Archive. This book was released on 1988-05-26 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Modeling Developing Countries' Policies In General Equilibrium

Author : Jaime De Melo
Publisher : World Scientific
ISBN 13 : 9814494828
Total Pages : 554 pages
Book Rating : 4.8/5 (144 download)

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Book Synopsis Modeling Developing Countries' Policies In General Equilibrium by : Jaime De Melo

Download or read book Modeling Developing Countries' Policies In General Equilibrium written by Jaime De Melo and published by World Scientific. This book was released on 2015-02-26 with total page 554 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policies affecting resource allocation across tradable sectors and those affecting the incentives to produce tradable activities are key determinants of macroeconomic balance and growth. Computable general equilibrium models have made significant contributions to both types of policies. With advancements in computing power and software, these models have become easy to implement and are now widespread. The question then is when and how to formulate them to avoid the ‘black box’ syndrome.This book seeks to address these issues through carefully selected essays that analyse how to model general equilibrium linkages in a single economy, across developing and developed economies, and across both micro and macro policies. Micro policies examined include tariffs quotas and VERs, the choice of taxes to maximize government revenue, migration and remittances, and the political economy of tariff setting. Applications on macro policies cover capital inflows, real exchange rate determination, and the modeling of the effects of adjustment policies on income distribution.The book provides insights on the development of a family of models for diverse policy choices, focusing on the ways to model the following: links between tradable and non-tradable activities, labor markets, and portfolio choices given limited capital mobility. Selected essays are all inspired by specific policy problems, including the adaptation to external shocks (i.e. oil), consequences of capital inflows, determinants of migration and associated remittances, the productivity of foreign aid, and rent-seeking activities under trade regimes with non-price trade restrictions. Examples in this book lay out the theoretical foundations, alongside a variety of applications, to help formulate coherent and transparent models for policy analysis. Archetype economies are extensively used to show how differences in economic structure influence the effects of policies. Graduate students and policy analysts interested in modeling will find this a useful compendium of studies.

Computational Methods for the Study of Dynamic Economies

Author : Ramon Marimon
Publisher : Oxford University Press on Demand
ISBN 13 : 9780199248278
Total Pages : 280 pages
Book Rating : 4.2/5 (482 download)

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Book Synopsis Computational Methods for the Study of Dynamic Economies by : Ramon Marimon

Download or read book Computational Methods for the Study of Dynamic Economies written by Ramon Marimon and published by Oxford University Press on Demand. This book was released on 2001 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomics increasingly uses stochastic dynamic general equilibrium models to understand theoretical and policy issues. Unless very strong assumptions are made, understanding the properties of particular models requires solving the model using a computer. This volume brings together leading contributors in the field who explain in detail how to implement the computational techniques needed to solve dynamic economics models. A broad spread of techniques are covered, and their application in a wide range of subjects discussed. The book provides the basics of a toolkit which researchers and graduate students can use to solve and analyse their own theoretical models.

Computable General Equilibrium Modeling

Author : Kenneth Castellanos
Publisher : Taylor & Francis
ISBN 13 : 1000937607
Total Pages : 167 pages
Book Rating : 4.0/5 (9 download)

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Book Synopsis Computable General Equilibrium Modeling by : Kenneth Castellanos

Download or read book Computable General Equilibrium Modeling written by Kenneth Castellanos and published by Taylor & Francis. This book was released on 2023-09-08 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many books have been written on computable general equilibrium (CGE) modeling. However, there are certain important areas for economic policy that have been largely overlooked. This intermediate/advanced text presents the topic as a methodology for the analysis of macro and fiscal policies in modern economies while introducing levels of disaggregation that are beyond the scope of standard macro models. The book begins by presenting the historical and intuitive background of general equilibrium analysis. Moving on, computer software is introduced to derive numerical solutions for economic models. The authors provide examples of code, bringing in data sources that have become the foundations of CGE applications. The methodology presented here, which differs from other CGE books, includes financial assets, government budget deficits, and debt financing of private investment. These topics are analyzed in the context of dynamic optimization, generating endogenous variables such as inflation, interest, and growth rates. The book also devotes significant attention to the applications of CGE models to developing economies. This textbook comes with a range of downloadable supplements and will be a valuable resource for students taking a CGE course as part of a program in advanced microeconomics, macroeconomics, development economics, or international trade economics.