Economic Growth
Theory and Numerical Solution Methods
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Beschreibung
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 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.
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 to illustrate theoretical results as well as to simulate the effects of economic policy interventions.
First textbook which integrates the analysis of theoretical models of Economic Growth and computational methods to produce numerical solutions Detailed discussion of economic policy issues Excel and Matlab files are provided on an accompanying website Includes supplementary material: sn.pub/extras
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Alfonso Novales
Themen in »Economic Growth«
Business Cycle Theory Dynamic Stochastic General Equlibrium Model Growth Theory Keynes Numerical Solution Methods calculus economic growth growth growth model
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From the reviews:"The new book … focus on numerical solution methods for growth models, with the addition of extensions on business cycles models (and growth theory, too). The main sections cover the Neoclassical growth model, optimal growth in continuous and discrete time, endogenous growth and monetary economies. … The book is self-contained and aimed at graduate students, but can also be used as a reference book." (Economic Dynamics Newsletter, Vol. 10 (2), 2009)"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, and special attention is paid to use of these models for fiscal and monetary policy analysis. … The book is self contained and it is designed … that the student advances in the theoretical and the computational issues in parallel." (Rózsa Horvàth-Bokor, Zentralblatt MATH, Vol. 1156, 2009)“This is a textbook that is devoted to the numerical analysis of macroeconomic dynamics. … Because of its clarity and because few textbooks exist that focus on methodology, this should be a valuable textbook for graduate students who want to learn methods for macroeconomic analysis.” (Makoto Yano, Mathematical Reviews, Issue 2011 a)
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