Computational Macroeconomics for the Open Economy: 0

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9780262123068: Computational Macroeconomics for the Open Economy: 0

Book by Lim G C McNelis Paul D

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"Dynamic equilibrium models are at the center of modern research in open macroeconomics. However, graduate students and policy researchers often find it difficult to get started in this literature. Lim and McNelis' book fills this gap by providing an excellent introduction to the construction and solution of dynamic equilibrium models for small open economics. The authors carefully analyze a prototype economy, which they enrich in each chapter with new aspects, thus allowing the reader to learn the field naturally as the book progresses. Extensive documentation of the code used in the computations and numerous exercises complement the main discussion. Systematic yet concise, this monograph will become a popular reference for both students and researchers in the field."--Jesus Fernandez-Villaverde, Department of Economics University ofPennsylvania -- Jesus Fernandez-Villaverde "Lim and McNelis provide a manual that allows the diligent reader interested in open economy macroeconomics to move quickly to the frontier of research. This is not a book to gather dust on the bookshelf. It is a book to be first pored over carefully and then put to use."-- Timothy J. Kehoe, Department of Economics, University of Minnesota -- Tim Kehoe "Dynamic equilibrium models are at the center of modern research in open macroeconomics. However, graduate students and policy researchers often find it difficult to get started in this literature. Lim and McNelis' book fills this gap by providing an excellent introduction to the construction and solution of dynamic equilibrium models for small open economics. The authors carefully analyze a prototype economy, which they enrich in each chapter with new aspects, thus allowing the reader to learn the field naturally as the book progresses. Extensive documentation of the code used in the computations and numerous exercises complement the main discussion. Systematic yet concise, this monograph will become a popular reference for both students and researchers in the field." -- Jesus Fernandez-Villaverde , Department of Economics University of Pennsylvania "Lim and McNelis provide a manual that allows the diligent reader interested in open economy macroeconomics to move quickly to the frontier of research. This is not a book to gather dust on the bookshelf. It is a book to be first pored over carefully and then put to use." -- Timothy J. Kehoe , Department of Economics, University of Minnesota

Reseña del editor:

Policymakers need quantitative as well as qualitative answers to pressing policy questions. Because of advances in computational methods, quantitative estimates are now derived from coherent nonlinear dynamic macroeconomic models embodying measures of risk and calibrated to capture specific characteristics of real-world situations. This text shows how such models can be made accessible and operational for confronting policy issues. The book starts with a simple setting based on market-clearing price flexibility. It gradually incorporates departures from the simple competitive framework in the form of price and wage stickiness, taxes, rigidities in investment, financial frictions, and habit persistence in consumption. Most chapters end with computational exercises; the Matlab code for the base model can be found in the appendix. As the models evolve, readers are encouraged to modify the codes from the first simple model to more complex extensions. Computational Macroeconomics for the Open Economy can be used by graduate students in economics and finance as well as policy-oriented researchers.

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G Lim
Editorial: MIT Press (2008)
ISBN 10: 0262123061 ISBN 13: 9780262123068
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Descripción MIT Press, 2008. HRD. Estado de conservación: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Nº de ref. de la librería WM-9780262123068

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G.C. Lim, Paul D. McNelis
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Descripción MIT Press Ltd, United States, 2008. Hardback. Estado de conservación: New. 232 x 154 mm. Language: English . Brand New Book. Policymakers need quantitative as well as qualitative answers to pressing policy questions. Because of advances in computational methods, quantitative estimates are now derived from coherent nonlinear dynamic macroeconomic models embodying measures of risk and calibrated to capture specific characteristics of real-world situations. This text shows how such models can be made accessible and operational for confronting policy issues. The book starts with a simple setting based on market-clearing price flexibility. It gradually incorporates departures from the simple competitive framework in the form of price and wage stickiness, taxes, rigidities in investment, financial frictions, and habit persistence in consumption. Most chapters end with computational exercises; the Matlab code for the base model can be found in the appendix. As the models evolve, readers are encouraged to modify the codes from the first simple model to more complex extensions. Computational Macroeconomics for the Open Economy can be used by graduate students in economics and finance as well as policy-oriented researchers. Nº de ref. de la librería AAH9780262123068

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G.C. Lim, Paul D. McNelis
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ISBN 10: 0262123061 ISBN 13: 9780262123068
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Descripción MIT Press Ltd, United States, 2008. Hardback. Estado de conservación: New. 232 x 154 mm. Language: English . Brand New Book. Policymakers need quantitative as well as qualitative answers to pressing policy questions. Because of advances in computational methods, quantitative estimates are now derived from coherent nonlinear dynamic macroeconomic models embodying measures of risk and calibrated to capture specific characteristics of real-world situations. This text shows how such models can be made accessible and operational for confronting policy issues. The book starts with a simple setting based on market-clearing price flexibility. It gradually incorporates departures from the simple competitive framework in the form of price and wage stickiness, taxes, rigidities in investment, financial frictions, and habit persistence in consumption. Most chapters end with computational exercises; the Matlab code for the base model can be found in the appendix. As the models evolve, readers are encouraged to modify the codes from the first simple model to more complex extensions. Computational Macroeconomics for the Open Economy can be used by graduate students in economics and finance as well as policy-oriented researchers. Nº de ref. de la librería AAH9780262123068

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Descripción The MIT Press, 2008. Hardcover. Estado de conservación: New. Nº de ref. de la librería DADAX0262123061

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Descripción MIT Press. Estado de conservación: New. Brand New. Nº de ref. de la librería 0262123061

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Descripción 2008. HRD. Estado de conservación: New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. Nº de ref. de la librería TM-9780262123068

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G.C. Lim, Paul D. McNelis
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Descripción MIT Press Ltd, United States, 2008. Hardback. Estado de conservación: New. 232 x 154 mm. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. Policymakers need quantitative as well as qualitative answers to pressing policy questions. Because of advances in computational methods, quantitative estimates are now derived from coherent nonlinear dynamic macroeconomic models embodying measures of risk and calibrated to capture specific characteristics of real-world situations. This text shows how such models can be made accessible and operational for confronting policy issues. The book starts with a simple setting based on market-clearing price flexibility. It gradually incorporates departures from the simple competitive framework in the form of price and wage stickiness, taxes, rigidities in investment, financial frictions, and habit persistence in consumption. Most chapters end with computational exercises; the Matlab code for the base model can be found in the appendix. As the models evolve, readers are encouraged to modify the codes from the first simple model to more complex extensions. Computational Macroeconomics for the Open Economy can be used by graduate students in economics and finance as well as policy-oriented researchers. Nº de ref. de la librería BTE9780262123068

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Descripción 2008. Hardback. Estado de conservación: NEW. 9780262123068 This listing is a new book, a title currently in-print which we order directly and immediately from the publisher. Nº de ref. de la librería HTANDREE01303923

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Descripción 2008. Hardcover. Estado de conservación: New. 152mm x 18mm x 229mm. Hardcover. Policymakers need quantitative as well as qualitative answers to pressing policy questions. Because of advances in computational methods, quantitative estimates are now derived from cohere.Shipping may be from multiple locations in the US or from the UK, depending on stock availability. 231 pages. 0.454. Nº de ref. de la librería 9780262123068

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G. C. Lim; Paul D. McNelis
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Descripción The MIT Press, 2008. Hardcover. Estado de conservación: New. book. Nº de ref. de la librería 0262123061

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