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Methods and Applications of Economic Dynamics: Workshop: Invited Papers

by L. Schoonbeek , S. K. Kuipers , E. Sterken
Save 17% Save 17%
Current price ₹16,980.00
Original price ₹20,376.00
Original price ₹20,376.00
Original price ₹20,376.00
(-17%)
₹16,980.00
Current price ₹16,980.00

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Book cover type: Paperback
  • ISBN13: 9780444814654
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Elsevier Science Ltd
  • Publisher Imprint: Elsevier Science Ltd
  • Publication Date:
  • Pages: 340
  • Original Price: GBP 118.99
  • Language: English
  • Edition: N/A
  • Item Weight: 563 grams
  • BISAC Subject(s): Econometrics

A discussion of various aspects of dynamic behavior of empirical macroeconomic, and in particular, macroeconometric models, is presented in this book. The book addresses in depth several theoretical and practical aspects concerning the modeling and analysis of long-run equilibrium behavior, adjustment dynamics and stability. Tools are developed to identify and interpret the main determinants of the dynamics of models. The tools involve, among others, error-correction mechanisms, eigenvalue analysis, feedback closure rules, graph theory, learning behavior, steady-state analysis, and stochastic simulation. Their usefulness is demonstrated by interesting applications to a number of well-known national and multi-national models.

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