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Macroeconomics increasingly uses stochastic dynamic general equilibrium models to understand theoretical and policy issues. Unles 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.
This volume investigates the technical methodologies required to solve stochastic dynamic general equilibrium models within the field of macroeconomics. The authors, Andrew G. Scott and Ramon Marimon, curate contributions from leading researchers to address the limitations of analytical solutions in complex economic modeling. By providing a rigorous framework for computational implementation, the text bridges the gap between theoretical economic policy and the practical application of numerical analysis.
What You Will Find
Experts recognize this volume as a foundational resource for researchers and graduate students focused on quantitative macroeconomics. Readers frequently note the technical density of the prose, which assumes a strong background in both economic theory and computer programming.
Page Count:
296
Publication Date:
1999-04-29
Publisher:
Oxford University Press
ISBN-10:
0198294972
ISBN-13:
9780198294979
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