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Introduction to Dynamic Macroeconomic General Equilibrium Models by José Luis Torres Chacon

Introduction to Dynamic Macroeconomic General Equilibrium Models

by José Luis Torres Chacon
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Book cover type: Hardcover
  • ISBN13: 9781622730308
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Vernon Art and Science
  • Publisher Imprint: Vernon Art and Science
  • Publication Date:
  • Pages: 286
  • Original Price: GBP 46.2
  • Language: English
  • Edition: Revised
  • Item Weight: 536 grams
  • BISAC Subject(s): Economics / Macroeconomics

This book offers an introductory step-by-step course in Dynamic Stochastic General Equilibrium modelling. Modern macroeconomic analysis is increasingly concerned with the construction, calibration and/or estimation and simulation of Dynamic General Equilibrium (DGE) models. The book is intended for graduate students as an introductory course to DGE modelling and for those economists who would like a hands-on approach to learning the basics of modern dynamic macroeconomic modelling. The book starts with the simplest canonical neoclassical DGE model and then gradually extends the basic framework incorporating a variety of additional features, such as consumption habit formation, investment adjustment cost, investment-specific technological change, taxes, public capital, household production, non-ricardian agents, monopolistic competition, etc. The book includes Dynare codes for the models developed that can be downloaded from the book's homepage.

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