Modelling And Simulation Of Macroeconomic Systems

Download Modelling And Simulation Of Macroeconomic Systems full books in PDF, epub, and Kindle. Read online Modelling And Simulation Of Macroeconomic Systems ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

Feedback Economics

Author : Robert Y. Cavana
Publisher : Springer Nature
ISBN 13 : 3030671909
Total Pages : 593 pages
Book Rating : 4.0/5 (36 download)

DOWNLOAD NOW!

Book Synopsis Feedback Economics by : Robert Y. Cavana

Download or read book Feedback Economics written by Robert Y. Cavana and published by Springer Nature. This book was released on 2021-06-30 with total page 593 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book approaches economic problems from a systems thinking and feedback perspective. By introducing system dynamics methods (including qualitative and quantitative techniques) and computer simulation models, the respective contributions apply feedback analysis and dynamic simulation modeling to important local, national, and global economics issues and concerns. Topics covered include: an introduction to macro modeling using a system dynamics framework; a system dynamics translation of the Phillips machine; a re-examination of classical economic theories from a feedback perspective; analyses of important social, ecological, and resource issues; the development of a biophysical economics module for global modelling; contributions to monetary and financial economics; analyses of macroeconomic growth, income distribution and alternative theories of well-being; and a re-examination of scenario macro modeling. The contributions also examine the philosophical differences between the economics and system dynamics communities in an effort to bridge existing gaps and compare methods. Many models and other supporting information are provided as online supplementary files. Consequently, the book appeals to students and scholars in economics, as well as to practitioners and policy analysts interested in using systems thinking and system dynamics modeling to understand and improve economic systems around the world. "Clearly, there is much space for more collaboration between the advocates of post-Keynesian economics and system dynamics! More generally, I would like to recommend this book to all scholars and practitioners interested in exploring the interface and synergies between economics, system dynamics, and feedback thinking." Comments in the Foreword by Marc Lavoie, Emeritus Professor, University of Ottawa and University of Sorbonne Paris Nord

Complex Systems Modeling and Simulation in Economics and Finance

Author : Shu-Heng Chen
Publisher : Springer
ISBN 13 : 331999624X
Total Pages : 307 pages
Book Rating : 4.3/5 (199 download)

DOWNLOAD NOW!

Book Synopsis Complex Systems Modeling and Simulation in Economics and Finance by : Shu-Heng Chen

Download or read book Complex Systems Modeling and Simulation in Economics and Finance written by Shu-Heng Chen and published by Springer. This book was released on 2018-11-20 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title brings together frontier research on complex economic systems, heterogeneous interacting agents, bounded rationality, and nonlinear dynamics in economics. The book contains the proceedings of the CEF2015 (21st Computing in Economics in Finance), held 20-22 June 2015 in Taipei, Taiwan, and addresses some of the important driving forces for various emergent properties in economies, when viewed as complex systems. The breakthroughs reported in this book are a result of an interdisciplinary approach and simulation remains the unifying theme for these papers as they deal with a wide range of topics in economics. The text is a valuable addition to the efforts in promoting the complex systems view in economic science. The computational experiments reported in the book are both transparent and replicable. Complex System Modeling and Simulation in Economics and Finance is useful for graduate courses of complex systems, with particular focus on economics and finance. At the same time it serves as a good overview for researchers who are interested in the topic.

Observers and Macroeconomic Systems

Author : Ric D. Herbert
Publisher : Springer Science & Business Media
ISBN 13 : 1461555833
Total Pages : 329 pages
Book Rating : 4.4/5 (615 download)

DOWNLOAD NOW!

Book Synopsis Observers and Macroeconomic Systems by : Ric D. Herbert

Download or read book Observers and Macroeconomic Systems written by Ric D. Herbert and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: Observers and Macroeconomic Systems is concerned with the computational aspects of using a control-theoretic approach to the analysis of dynamic macroeconomic systems. The focus is on using a separate model for the development of the control policies. In particular, it uses the observer-based approach whereby the separate model learns to behave in a similar manner to the economic system through output-injections. The book shows how this approach can be used to learn the forward-looking behaviour of economic actors which is a distinguishing feature of dynamic macroeconomic models. It also shows how it can be used in conjunction with low-order models to undertake policy analysis with a large practical econometric model. This overcomes some of the computational problems arising from using just the large econometric models to compute optimal policy trajectories. The work also develops visual simulation software tools that can be used for policy analysis with dynamic macroeconomic systems.

Modelling and Simulation of Macroeconomic Systems

Author : United Nations. Economic and Social Commission for Asia and the Pacific
Publisher :
ISBN 13 :
Total Pages : 160 pages
Book Rating : 4.:/5 (318 download)

DOWNLOAD NOW!

Book Synopsis Modelling and Simulation of Macroeconomic Systems by : United Nations. Economic and Social Commission for Asia and the Pacific

Download or read book Modelling and Simulation of Macroeconomic Systems written by United Nations. Economic and Social Commission for Asia and the Pacific and published by . This book was released on 1997 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomic models are often used to simulate changes in economic performance quantitatively in response to proposed changes in policies. Such information has been proven to be of substantial importance to policy makers. Focusing on China, India & Viet Nam, this publication presents a study on models used. It discusses & analyses the construction, estimation & use of some models.

Modelling and Simulation of Macroeconomic Systems

Author :
Publisher :
ISBN 13 :
Total Pages : 145 pages
Book Rating : 4.:/5 (99 download)

DOWNLOAD NOW!

Book Synopsis Modelling and Simulation of Macroeconomic Systems by :

Download or read book Modelling and Simulation of Macroeconomic Systems written by and published by . This book was released on 1997 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Oxford Handbook of Computational Economics and Finance

Author : Shu-Heng Chen
Publisher : Oxford University Press
ISBN 13 : 0190877502
Total Pages : 785 pages
Book Rating : 4.1/5 (98 download)

DOWNLOAD NOW!

Book Synopsis The Oxford Handbook of Computational Economics and Finance by : Shu-Heng Chen

Download or read book The Oxford Handbook of Computational Economics and Finance written by Shu-Heng Chen and published by Oxford University Press. This book was released on 2018-01-12 with total page 785 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Oxford Handbook of Computational Economics and Finance provides a survey of both the foundations of and recent advances in the frontiers of analysis and action. It is both historically and interdisciplinarily rich and also tightly connected to the rise of digital society. It begins with the conventional view of computational economics, including recent algorithmic development in computing rational expectations, volatility, and general equilibrium. It then moves from traditional computing in economics and finance to recent developments in natural computing, including applications of nature-inspired intelligence, genetic programming, swarm intelligence, and fuzzy logic. Also examined are recent developments of network and agent-based computing in economics. How these approaches are applied is examined in chapters on such subjects as trading robots and automated markets. The last part deals with the epistemology of simulation in its trinity form with the integration of simulation, computation, and dynamics. Distinctive is the focus on natural computationalism and the examination of the implications of intelligent machines for the future of computational economics and finance. Not merely individual robots, but whole integrated systems are extending their "immigration" to the world of Homo sapiens, or symbiogenesis.

Economics with Heterogeneous Interacting Agents

Author : Alessandro Caiani
Publisher : Springer
ISBN 13 : 3319440586
Total Pages : 219 pages
Book Rating : 4.3/5 (194 download)

DOWNLOAD NOW!

Book Synopsis Economics with Heterogeneous Interacting Agents by : Alessandro Caiani

Download or read book Economics with Heterogeneous Interacting Agents written by Alessandro Caiani and published by Springer. This book was released on 2016-09-21 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a practical guide to Agent Based economic modeling, adopting a “learning by doing” approach to help the reader master the fundamental tools needed to create and analyze Agent Based models. After providing them with a basic “toolkit” for Agent Based modeling, it present and discusses didactic models of real financial and economic systems in detail. While stressing the main features and advantages of the bottom-up perspective inherent to this approach, the book also highlights the logic and practical steps that characterize the model building procedure. A detailed description of the underlying codes, developed using R and C, is also provided. In addition, each didactic model is accompanied by exercises and applications designed to promote active learning on the part of the reader. Following the same approach, the book also presents several complementary tools required for the analysis and validation of the models, such as sensitivity experiments, calibration exercises, economic network and statistical distributions analysis. By the end of the book, the reader will have gained a deeper understanding of the Agent Based methodology and be prepared to use the fundamental techniques required to start developing their own economic models. Accordingly, “Economics with Heterogeneous Interacting Agents” will be of particular interest to graduate and postgraduate students, as well as to academic institutions and lecturers interested in including an overview of the AB approach to economic modeling in their courses.

Macroeconomics

Author : Wendy Carlin
Publisher : Oxford University Press
ISBN 13 : 0198838662
Total Pages : 1019 pages
Book Rating : 4.1/5 (988 download)

DOWNLOAD NOW!

Book Synopsis Macroeconomics by : Wendy Carlin

Download or read book Macroeconomics written by Wendy Carlin and published by Oxford University Press. This book was released on 2024-01-29 with total page 1019 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the cutting edge of the subject area, the authors bring the macroeconomics that researchers and policymakers use today into focus. By developing a coherent set of tractable models, the book enables students to explore and make sense of the pressing questions facing global economies.Carlin and Soskice connect students with contemporary research and policy in macroeconomics. The authors' 3-equation model - extended to include the financial system and with an integrated treatment of inequality - equips students with a method they can apply to the enduring challenges stirred by the financial crisis and the Great Recession.Key features* Engaged with the latest developments in macroeconomic research, policy, and debate, the authors make the cutting edge accessible to undergraduate readers* The theme of inequality is integrated throughout in modelling and applications, with incomplete contracts in labour and credit markets underpinning the presence of involuntary unemployment and credit constraints* The content distils business cycles into a 3-equation model of the demand side, the supply side, and the policy maker, providing a realistic and transparent model which students can deploy to address the questions that interest them* Open economy modelling for both flexible and fixed exchange rate regimes builds on the same foundations and handles oil and climate shocks, as well as the Eurozone crisis* Features thorough treatment of the financial system and how to integrate the financial and business cycles, including coverage on policy design and implementation for financial stability in the wake of the 2008-9 financial crisis and an exploration of hysteresis in the context of the Great Recession* Comprehensive coverage of monetary policy including the ample reserves regime and of fiscal policy and debt dynamics* Unified treatment of exogenous and endogenous growth models emphasizing the different mechanisms through which diminishing returns to capital can be offset, while Chapter 17 on the ICT revolution examines the implications of innovation and technological change on the future of work and inequality* Contains a chapter considering contemporary quantitative macroeconomics research - including the Heterogeneous Agent New Keynesian (HANK) model - exposing students to the tools that researchers currently use, as well as the benefits and limitations of these methods* End-of-chapter 'Checklist questions' enable students to assess their comprehension, while 'Problems' prompt students to apply independent critical thought* Also available as an e-book enhanced with access to The Macroeconomic Simulator, Animated Analytical Diagrams, and self-assessment activities enabling students to recap content and investigate how models work at their own paceDigital formats and resourcesThis title is available for students and institutions to purchase in a variety of formats and is supported by online resources.The e-book offers a mobile experience and convenient access along with self-assessment activities, multi-media content, and links that offer extra learning support. For more information visit:www.oxfordtextbooks.co.uk/ebooks/This title is supported by a range of online resource for students including multiple-choice-questions with instant feedback, interactive Animated Analytical Diagrams, access to The Macroeconomic Simulator, web appendices which develop chapters 1, 4, 7, and 18, In addition, lecturers can access PowerPoint slides to accompany each chapter and answers to the problems and questions set in the book.

An Introduction to Economic Dynamics

Author : Srinivas Raghavendra
Publisher : Taylor & Francis
ISBN 13 : 1000850986
Total Pages : 256 pages
Book Rating : 4.0/5 (8 download)

DOWNLOAD NOW!

Book Synopsis An Introduction to Economic Dynamics by : Srinivas Raghavendra

Download or read book An Introduction to Economic Dynamics written by Srinivas Raghavendra and published by Taylor & Francis. This book was released on 2023-03-31 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: An Introduction to Economic Dynamics provides a framework for students to appreciate and understand the basic intuition behind economic models and to experiment with those models using simulation techniques in MATLAB®. This book goes beyond the often-limited scope of other texts on economic models, which have largely focused on elucidating static equilibrium models. Comparative static analysis inhibits students from asking how the equilibrium position is achieved from an initial out-of-equilibrium position and limits their understanding of the dynamics that underlie such analysis. In this textbook, readers are introduced to ten well-established macroeconomic models – including Keynesian multiplier models, Samuelson’s multiplier and Solow’s growth model – and guided through the dynamical systems behind each model. Every chapter begins with an overview of the economic problem which the model is designed to help solve followed by an explanation of the mathematics of the model. Solutions are provided using simulation and visualisation techniques in MATLAB®, which are interwoven organically with the analysis and are introduced in a step-by-step fashion to guide the reader along the way. Appendices provide an introduction to MATLAB® along with all the necessary codes. The book is ideally suited for courses in economic dynamics, macroeconomic modelling and computational economics, as well as for students of finance, mathematics and engineering who are interested in economic models.

Macroeconomic Modeling And Policy Analysis For Less Developed Countries

Author : Mohammed F Khayum
Publisher : Routledge
ISBN 13 : 0429694725
Total Pages : 216 pages
Book Rating : 4.4/5 (296 download)

DOWNLOAD NOW!

Book Synopsis Macroeconomic Modeling And Policy Analysis For Less Developed Countries by : Mohammed F Khayum

Download or read book Macroeconomic Modeling And Policy Analysis For Less Developed Countries written by Mohammed F Khayum and published by Routledge. This book was released on 2019-03-07 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an overview of macroeconometric modeling for less developed countries, a description of the structure and performance of Guyana's economy, an empirical testing of the model using annual data for Guyana, and a simulation approach to policy evaluation.

Agent-Based Modelling in Economics

Author : Lynne Hamill
Publisher : John Wiley & Sons
ISBN 13 : 1118456076
Total Pages : 256 pages
Book Rating : 4.1/5 (184 download)

DOWNLOAD NOW!

Book Synopsis Agent-Based Modelling in Economics by : Lynne Hamill

Download or read book Agent-Based Modelling in Economics written by Lynne Hamill and published by John Wiley & Sons. This book was released on 2016-01-19 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agent-based modelling in economics Lynne Hamill and Nigel Gilbert, Centre for Research in Social Simulation (CRESS), University of Surrey, UK New methods of economic modelling have been sought as a result of the global economic downturn in 2008.This unique book highlights the benefits of an agent-based modelling (ABM) approach. It demonstrates how ABM can easily handle complexity: heterogeneous people, households and firms interacting dynamically. Unlike traditional methods, ABM does not require people or firms to optimise or economic systems to reach equilibrium. ABM offers a way to link micro foundations directly to the macro situation. Key features: Introduces the concept of agent-based modelling and shows how it differs from existing approaches. Provides a theoretical and methodological rationale for using ABM in economics, along with practical advice on how to design and create the models. Each chapter starts with a short summary of the relevant economic theory and then shows how to apply ABM. Explores both topics covered in basic economics textbooks and current important policy themes; unemployment, exchange rates, banking and environmental issues. Describes the models in pseudocode, enabling the reader to develop programs in their chosen language. Supported by a website featuring the NetLogo models described in the book. Agent-based Modelling in Economics provides students and researchers with the skills to design, implement, and analyze agent-based models. Third year undergraduate, master and doctoral students, faculty and professional economists will find this book an invaluable resource.

System Dynamics in Economic and Financial Models

Author :
Publisher :
ISBN 13 :
Total Pages : 408 pages
Book Rating : 4.F/5 ( download)

DOWNLOAD NOW!

Book Synopsis System Dynamics in Economic and Financial Models by :

Download or read book System Dynamics in Economic and Financial Models written by and published by . This book was released on 1997-12-05 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 12 articles presented in this book have different approaches for the modelling of economic and financial processes. The topics cover a range of subjects (complex dynamics, nonlinear time series models, cointegration) and applications in the field of finance and macro economics. The articles are grouped according to the methods being applied. In the first group the authors are concerned with nonlinear dynamics; the papers in the second group are more empirically oriented; the last group contains papers on time series modelling in macro economics, with special attention for the aspect of nonstationarity. The book is intended to be one of discussion and debate on themes of common interest in economics, finance and dynamical systems. It examines the different approaches for the modelling of economic and financial processes so as to stimulate the communication of ideas and to overcome the barriers of specialization.

A Forward-Looking Macroeconomic Simulation Model for a Developing Country

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451969848
Total Pages : 48 pages
Book Rating : 4.4/5 (519 download)

DOWNLOAD NOW!

Book Synopsis A Forward-Looking Macroeconomic Simulation Model for a Developing Country by : International Monetary Fund

Download or read book A Forward-Looking Macroeconomic Simulation Model for a Developing Country written by International Monetary Fund and published by International Monetary Fund. This book was released on 1989-06-23 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper develops a small dynamic macroeconomic simulation model for a representative developing country which relies on familiar macroeconomic theory and in which expectations are formed rationally. The model is useful for the analysis and simulation of important policy questions in a general-equilibrium setting. Several policy experiments are conducted which illustrate the workings of the model and yield fresh insights into the effects of standard macroeconomic policies in developing countries.

Macroeconomic Modelling

Author : S.G. Hall
Publisher : Elsevier
ISBN 13 : 1483295478
Total Pages : 432 pages
Book Rating : 4.4/5 (832 download)

DOWNLOAD NOW!

Book Synopsis Macroeconomic Modelling by : S.G. Hall

Download or read book Macroeconomic Modelling written by S.G. Hall and published by Elsevier. This book was released on 2014-06-28 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book arose out of research carried out by the authors in the period 1983-1987 whilst at the National Institute of Economic and Social Research. A number of things combined to impart the basic thrust of the research: partly the developments in formulating and estimating rational expectations models, and partly actual developments in the UK economy itself.An application of recent developments in dynamic modelling to a complete macroeconometric model of the UK is presented. Rational expectations modelling, co-integration and disequilibrium modelling are covered. The book also develops computational procedures for obtaining efficient solutions to large-scale models, and illustrates model solutions assuming rational expectations and stochastic simulations. Finally, sections on the analysis of models using optimal control methods illustrate applications of a large-scale econometric model. This section also discusses policy applications, including the derivation of time-consistent policies in the presence of rational expectations, giving quantified illustrations.

Modeling Dynamic Economic Systems

Author : Matthias Ruth
Publisher : Springer Science & Business Media
ISBN 13 : 1461422086
Total Pages : 324 pages
Book Rating : 4.4/5 (614 download)

DOWNLOAD NOW!

Book Synopsis Modeling Dynamic Economic Systems by : Matthias Ruth

Download or read book Modeling Dynamic Economic Systems written by Matthias Ruth and published by Springer Science & Business Media. This book was released on 2012-02-09 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the dynamic processes in economic systems, concentrating on the extraction and use of the natural resources required to meet economic needs. Sections cover methods for dynamic modeling in economics, microeconomic models of firms, modeling optimal use of both nonrenewable and renewable resources, and chaos in economic models. This book does not require a substantial background in mathematics or computer science.

New Approaches to Macroeconomic Modeling

Author : Masanao Aoki
Publisher : Cambridge University Press
ISBN 13 : 9780521637695
Total Pages : 316 pages
Book Rating : 4.6/5 (376 download)

DOWNLOAD NOW!

Book Synopsis New Approaches to Macroeconomic Modeling by : Masanao Aoki

Download or read book New Approaches to Macroeconomic Modeling written by Masanao Aoki and published by Cambridge University Press. This book was released on 1998-02-13 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a method for modeling large collections of heterogeneous agents subject to non-pairwise externality called field effects.

Computational Economics: Heterogeneous Agent Modeling

Author : Cars Hommes
Publisher : Elsevier
ISBN 13 : 0444641327
Total Pages : 836 pages
Book Rating : 4.4/5 (446 download)

DOWNLOAD NOW!

Book Synopsis Computational Economics: Heterogeneous Agent Modeling by : Cars Hommes

Download or read book Computational Economics: Heterogeneous Agent Modeling written by Cars Hommes and published by Elsevier. This book was released on 2018-06-27 with total page 836 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Computational Economics: Heterogeneous Agent Modeling, Volume Four, focuses on heterogeneous agent models, emphasizing recent advances in macroeconomics (including DSGE), finance, empirical validation and experiments, networks and related applications. Capturing the advances made since the publication of Volume Two (Tesfatsion & Judd, 2006), it provides high-level literature with sections devoted to Macroeconomics, Finance, Empirical Validation and Experiments, Networks, and other applications, including Innovation Diffusion in Heterogeneous Populations, Market Design and Electricity Markets, and a final section on Perspectives on Heterogeneity. Helps readers fully understand the dynamic properties of realistically rendered economic systems Emphasizes detailed specifications of structural conditions, institutional arrangements and behavioral dispositions Provides broad assessments that can lead researchers to recognize new synergies and opportunities