Understanding Dsge Models: Theory and Applications (Vernon Economic Methodology) - Softcover

Costa Junior, Celso Jose

Softcover

ISBN 10: 1622731336 ISBN 13: 9781622731336

Verlag: Vernon Press, 2016

Inhaltsangabe

While the theoretical development of DSGE models is not overly difficult to understand, practical application remains somewhat complex. The literature on this subject has some significant obscure points. This book can be thought of, firstly, as a tool to overcome initial hurdles with this type of modeling. Secondly, by showcasing concrete applications, it aims to persuade incipient researchers to work with this methodology. In principle, this is not a book on macroeconomics in itself, but on tools used in the construction of this sort of models. It strives to present this technique in a detailed manner, thereby providing a step by step course intended to walk readers through this otherwise daunting process. The book begins with a basic Real Business Cycle model. Subsequently various frictions are gradually incorporated into a standard DSGE model: imperfect competition; frictions in prices and in wages; habit formation; non-Ricardian agents; adjustment cost in investment; costs of not using the maximum installed capacity; and finally, Government.

Details zur Ausgabe

• Verlag: Vernon Press
• Erscheinungsdatum: 2016
• Sprache: Englisch
• ISBN 10: 1622731336
• ISBN 13: 9781622731336
• Einband: Taschenbuch
• Anzahl der Seiten: 286
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: GPSR Kontakt; gpsr@libri.de; ; Friedensallee 273; Hamburg; 22763; Deutschland