Dynamic general equilibrium modelling : computational methods and applications / Burkhard Heer, Alfred Maussner
- 作者： Heer, Burkhard
- 其他作者：
- 其他題名：
- computational methods and applications
- 出版： Berlin : Springer c 2005
- 主題： Equilibrium (Economics)--Mathematical models , Economics, Mathematical
- ISBN： 354022095X (hbk) :: NT$2176
- 書目註：Includes bibliographical references (p. [511]-526) and indexes
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讀者標籤：
- 系統號： 005112848 | 機讀編目格式
館藏資訊
Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. Many mathematical tools are needed to solve these models. The book presents various methods for computing the dynamics of general equilibrium models. In part I, the representative-agent stochastic growth model is solved with the help of value function iteration, linear and linear quadratic approximation methods, parameterised expectations and projection methods. In order to apply these methods, fundamentals from numerical analysis are reviewed in detail. Part II discusses methods for solving heterogeneous-agent economies. In such economies, the distribution of the individual state variables is endogenous. This part of the book also serves as an introduction to the modern theory of distribution economics. Applications include the dynamics of the income distribution over the business cycle or the overlapping-generations model. Through an accompanying home page to this book, computer codes to all applications can be downloaded.