Dynamic Stochastic General Equilibrium Modelling: Applications to Developed and Developing Economies - Softcover

Yang, Bo

Softcover

ISBN 10: 3845431016 ISBN 13: 9783845431017

Verlag: LAP LAMBERT Academic Publishing, 2011

Inhaltsangabe

Recent episodes of financial turmoil have highlighted the need to understand how large external shocks are propagated in small open economies. This is particularly relevant in emerging economies, since these economies face additional vulnerabilities that make them very different from advanced economies. Indeed, they usually display weak fiscal, monetary and financial institutional frameworks, and have imperfect access to capital markets. This book studies Dynamic Stochastic General Equilibrium modelling and empirical applications to developed/developing economies. It consists of four self-contained chapters. Chapter 1 sets out a benchmark model with persistence mechanisms and reviews the underlying estimation/validation methods. Chapter 2 studies the relevance of direct supply side effects of monetary policy by introducing the presence of a cost channel of monetary transmission and allowing for non-separability of money and consumption in the household’s utility. Chapters 3 and 4 model dollarization, as well as financial frictions including a ‘financial accelerator’, where capital financing is partly or totally in foreign currency as in Gertler et al. (2003) and Gilchrist (2003).

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Über die Autorin bzw. den Autor

Dr Bo Yang is a Research Fellow in the School of Economics at the University of Surrey. He graduated from the University of Hull in 2003 and then completed his MSc at Queen Mary, University of London. Bo was appointed to support the research activities of the EU/ESRC-funded projects following the completion of his doctoral degree at Surrey in 2008.

Details zur Ausgabe

• Verlag: LAP LAMBERT Academic Publishing
• Erscheinungsdatum: 2011
• Sprache: Englisch
• ISBN 10: 3845431016
• ISBN 13: 9783845431017
• Einband: Taschenbuch
• Anzahl der Seiten: 280
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Fastbook Publishing; customerservice@vdm-vsg.de; ; Brivibas gatve 197; Riga; 1039; Lettland