Dynamic General Equilibrium Modeling: Computational Methods and Applications ...

Description: Dynamic General Equilibrium Modeling: Computational Methods and Applications (Springer Texts in Business and Economics) [Hardcover] Heer, Burkhard and Mau�ner, Alfred Product Overview Contemporary macroeconomics is built upon microeconomic principles, with its most recent advance featuring dynamic stochastic general equilibrium models. The textbook by Heer and Maußner acquaints readers with the essential computational techniques required to tackle these models and employ them for quantitative analysis. This third edition maintains the structure of the second, dividing the content into three separate parts dedicated to representative agent models, heterogeneous agent models, and numerical methods. At the same time, every chapter has been revised and two entirely new chapters have been added.The updated content reflects the latest advances in both numerical methods and their applications in macroeconomics, spanning areas like business-cycle analysis, economic growth theory, distributional economics, monetary and fiscal policy. The two new chapters delve into advanced techniques, including higher-order perturbation, weighted residual methods, and solutions to high-dimensional nonlinear problems. In addition, the authors present further insights from macroeconomic theory, complemented by practical applications like the Smolyak algorithm, Gorman aggregation, rare disaster models and dynamic Laffer curves. Lastly, the new edition places special emphasis on practical implementation across various programming languages; accordingly, its accompanying web page offers examples of computer code for languages such as MATLAB®, GAUSS, Fortran, Julia and Python. Read more Details Publisher ‏ : ‎ Springer; 3rd ed. 2024 edition (February 22, 2024) Language ‏ : ‎ English Hardcover ‏ : ‎ 955 pages ISBN-10 ‏ : ‎ 303151680X ISBN-13 ‏ : ‎ 01 Item Weight ‏ : ‎ 3.51 pounds Dimensions ‏ : ‎ 6.14 x 1.94 x 9.21 inches Best Sellers Rank: #1,783,439 in Books (See Top 100 in Books) #329 in Econometrics & Statistics #854 in Macroeconomics (Books) #1,660 in Theory of Economics #329 in Econometrics & Statistics We have been selling used books since 2012, and we've learned that the most important thing is doing good business. Honesty is our policy. Free Shipping We ship worldwide. We have multiple warehouses around the world, so please note the extended handling time on certain listings.

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