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Economic Growth: Theory and Numerical Solution Methods

Economic Growth: Theory and Numerical Solution Methods (Hardback)

£81.00
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Synopsis

This is a book on deterministic and stochastic Growth Theory and the computational methods needed to produce numerical solutions. Exogenous and endogenous growth models are thoroughly reviewed. Special attention is paid to the use of these models for fiscal and monetary policy analysis. Modern Business Cycle Theory, the New Keynesian Macroeconomics, the class of Dynamic Stochastic General Equilibrium models, can be all considered as special cases of models of economic growth, and they can be analyzed by the theoretical and numerical procedures provided in the textbook.Analytical discussions are presented in full detail. The book is self contained and it is designed so that the student advances in the theoretical and the computational issues in parallel. EXCEL and Matlab files are provided on an accompanying website (see Preface to the Second Edition) to illustrate theoretical results as well as to simulate the effects of economic policy interventions. The structure of these program files is described in "Numerical exercise"-type of sections, where the output of these programs is also interpreted. The second edition corrects a few typographical errors and improves some notation.

BusinessEconomicsEconometricsBusinessEconomicsEconomic growthBusinessEconomicsEconomic theory & philosophyBusinessEconomicsMacroeconomicsScience & MathematicsMathematicsOptimizationGame theory Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Publication Date: 04/07/2014 ISBN-13: 9783642549496  Details: Type: Hardback Format: Books
Availability: Printed to order. Despatched in 2-3 weeks.  

Alfonso Novales is Professor of Economics at the Department of Quantitative Economics at Universidad Complutense (Madrid). He holds a Ph.D. in Economics from University of Minnesota and a Ph.D. in Mathematics from Universidad del Pais Vasco. After graduation, he was Assistant Professor at State University of New York (Stony Brook). He has been President of the Spanish Economic Association and chairman of FEDEA (Fundacion de Estudios de Economia Aplicada, Madrid). He has published in Econometrica, Journal of Economic Dynamics and Control, Journal of Macroeconomics, International Journal of Forecasting, Journal of Forecasting, Journal of Time Series Analysis, Journal of Banking and Finance, Economic Modelling, Computational Economics, Journal of International Financial Institutions, Markets and Money, International Journal of Money and Finance, Applied Financial Economics, Applied Economics Letters and International Journal of Finance and he has contributed with chapters to books on Macroeconomics and Econometrics. He is the author of Econometria and Estadistica y Econometria, both textbooks edited by McGrawHill in Spanish. His research interests include Economic Policy Evaluation and Financial Econometrics. Esther Fernandez is Associate Professor of Economics at the Department of Quantitative Economics at Universidad Complutense (Madrid). Her Ph.D. dissertation was selected as the best doctoral dissertation in Economics at Universidad Complutense in 1999. Her research interests include Monetary Theory, Economic Growth and Environmental Economics. She has published at Journal of Economic Dynamics and Control, Energy Policy and Economic Modelling and Spanish academic journals. Jesus Ruiz is Associate Professor of Economics at the Department of Quantitative Economics at Universidad Complutense (Madrid). He obtained his Ph.D. in Economics from Universidad Complutense in 1997. He has published in Journal of Economic Dynamics and Control, Energy Journal, Energy Policy, International Review of Economic and Finance, Economic Modelling, Applied Financial Economics, Spanish Economic Review and other Spanish journals, and he has contributed with chapters to books on Computational Economics. His research interests include Economic Policy Evaluation in Dynamic Macroeconomic Models and Environmental Economics.

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