Understanding Dsge Models

Name: Understanding Dsge Models
Brand: Vernon Press
SKU: 9781622731336
Price: 1532 CZK
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Theory and Applications

Autor: Celso Jose Costa Junior

Jazyk:

Vazba: Brožovaná

Vydavatel: Vernon Press

Dostupnost: Skladem u dodavatele

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While the theoretical development of DSGE models is not overly difficult to understand, practical ap...

Informace o knize

Autor

Celso Jose Costa Junior

Jazyk

Angličtina

Vazba

Kniha - Brožovaná

Vydáno

2016

Stránek

286

EAN

9781622731336

ISBN

1622731336

Enbook ID

14429975

Vydavatel

Vernon Press

Hmotnost

387

Rozměry

152 x 229 x 15

Kompletní popis

While the theoretical development of DSGE models is not overly difficult to understand, practical application remains somewhat complex. The literature on this subject has some significant obscure points. This book can be thought of, firstly, as a tool to overcome initial hurdles with this type of modeling. Secondly, by showcasing concrete applications, it aims to persuade incipient researchers to work with this methodology. In principle, this is not a book on macroeconomics in itself, but on tools used in the construction of this sort of models. It strives to present this technique in a detailed manner, thereby providing a step by step course intended to walk readers through this otherwise daunting process. The book begins with a basic Real Business Cycle model. Subsequently various frictions are gradually incorporated into a standard DSGE model: imperfect competition; frictions in prices and in wages; habit formation; non-Ricardian agents; adjustment cost in investment; costs of not using the maximum installed capacity; and finally, Government.

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Understanding Dsge Models

Theory and Applications

Informace o knize

Kompletní popis

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