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Analyses in Macroeconomic M...
Macroeconomic Modelling has undergone radical changes in the last few years. There has been considerable innovation in developing robust solution techniques for the new breed of increasingly complex models. Similarly there has been a growing consensus on their long run and dynamic properties, as well as much development on existing themes such as modelling expectations and policy rules. This edited volume focuses on those areas which have undergone the most significant and imaginative developments and brings together the very best of modelling practice. We include specific sections on (I) Solving Large Macroeconomic Models, (II) Rational Expectations and Learning Approaches, (III) Macro Dynamics, and (IV) Long Run and Closures. All of the contributions offer new research whilst putting their developments firmly in context and as such will influence much future research in the area. It will be an invaluable text for those in policy institutions as well as academics and advanced students in the fields of economics, mathematics, business and government. Our contributors include those working in central banks, the IMF, European Commission and established academics
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monografia Rebiun25201807 https://catalogo.rebiun.org/rebiun/record/Rebiun25201807 m o d cr mnu---uuaaa 121227s1999 mau o 000 0 eng 859152600 9781461373780 1461373786 9781461552192 1461552192 10.1007/978-1-4615-5219-2 doi AU@ 000051693940 NZ1 15039402 NZ1 15563405 AU@ eng pn AU@ OCLCO UA@ UV0 GW5XE OCLCF COO OCLCQ UAB OCLCQ TKN LEAUB OCLCQ KCA bicssc BUS069030 bisacsh 330.1 23 Hughes Hallett, Andrew Analyses in Macroeconomic Modelling edited by Andrew Hughes Hallett, Peter McAdam Boston, MA Springer US 1999 Boston, MA Boston, MA Springer US 1 online resource (vii, 299 pages) 1 online resource (vii, 299 pages) Text txt rdacontent computer c rdamedia online resource cr rdacarrier Advances in Computational Economics 0929-130X 12 One: Solution Methods -- 1 Solution Methods and Non-Linear Forward-Looking Models -- 2 From Here to Eternity: The Robustness of Model Solutions to Imperfect Starting Values -- 3 Accelerating Non Linear Perfect Foresight Model Solution by Exploiting the Steady State Linearization -- Two: Rational Expectations and Learning -- 4 Modifying the Rational Expectations Assumption in a Large World Model -- 5 Boundedly versus Procedurally Rational Expectations -- 6 Instrument Rules, Inflation Forecast Rules and Optimal Control Rules when Expectations are Rational -- Three: Macrodynamics -- 7 Asymptotic Hierarchies in an Economic Model -- 8 Computational Methods for Macro Policy Analysis: Hall and Taylor's Models in DUALI -- 9 The Dynamical Analysis of Forward-Looking Models -- Four: Long Run and Closures in Macro Models -- 10 The Long Run in Macro Models: A Guide -- 11 The Sensitivity of Solutions to Terminal Conditions: Simulating Permanent Shocks with QUEST II -- 12 Solving Large Scale Models Under Alternative Policy Closures: the MSG2 Multi-Country Model -- Author Index Macroeconomic Modelling has undergone radical changes in the last few years. There has been considerable innovation in developing robust solution techniques for the new breed of increasingly complex models. Similarly there has been a growing consensus on their long run and dynamic properties, as well as much development on existing themes such as modelling expectations and policy rules. This edited volume focuses on those areas which have undergone the most significant and imaginative developments and brings together the very best of modelling practice. We include specific sections on (I) Solving Large Macroeconomic Models, (II) Rational Expectations and Learning Approaches, (III) Macro Dynamics, and (IV) Long Run and Closures. All of the contributions offer new research whilst putting their developments firmly in context and as such will influence much future research in the area. It will be an invaluable text for those in policy institutions as well as academics and advanced students in the fields of economics, mathematics, business and government. Our contributors include those working in central banks, the IMF, European Commission and established academics Economics Econometrics Macroeconomics Econometrics. Economics. Macroeconomics. Electronic books McAdam, Peter Printed edition 9781461373780 Advances in computational economics 12