Dynamic General Equilibrium Modeling

• Main Authors: Heer, Burkhard. (Author), Mau<U+00df>ner, Alfred. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2009.
• Subjects: Economics.; Computer simulation.; Endogenous growth (Economics).; Macroeconomics.; Economics/Management Science.; Economic Theory.; Macroeconomics/Monetary Economics.; Economic Growth.; Simulation and Modeling.
• Online Access: https://ezaccess.library.uitm.edu.my/login?url=http://dx.doi.org/10.1007/978-3-540-85685-6

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 represe...

Table of Contents:

• Representative Agent Models: Basic Models
• Perturbation Methods
• Deterministic Extended Path
• Discrete State Space Methods
• Parameterized Expectations
• Projection Methods. Heterogenous Agent Models: Computation of Stationary Distributions
• Dynamics of the Distribution Function
• Overlapping Generations Models with Perfect Foresight
• Overlapping Generations Models with Uncertainty. Tools: Numerical Methods
• Various Other Tools.