04810nam a22005175i 4500001001800000003000900018005001700027007001500044008004100059020001800100024003500118050001200153072001600165072002300181072001500204100014400219245014400363250001800507264007500525300006800600336002600668337002600694338003600720347002400756490005700780505070600837520213601543650003403679650001803713650002003731650002603751650002203777650002903799650002803828650004303856650002103899650002203920700007903942710003404021773002604055776003604081776003604117776003604153830005704189856004604246978-3-031-51681-8DE-He21320251030111436.0cr nn 008mamaa240221s2024    sz |    s    |||| 0|eng d  a97830315168187 a10.1007/978-3-031-51681-82doi 4aHB143.5 7aKCA2bicssc 7aBUS0690302bisacsh 7aKCA2thema1 aHeer, Burkhard.eauthor.0(orcid)0000-0002-6627-75501https://orcid.org/0000-0002-6627-75504aut4http://id.loc.gov/vocabulary/relators/aut10aDynamic General Equilibrium Modelingh[electronic resource] :bComputational Methods and Applications /cby Burkhard Heer, Alfred Maußner.  a3rd ed. 2024. 1aCham :bSpringer International Publishing :bImprint: Springer,c2024.  aXLIII, 912 p. 129 illus., 87 illus. in color.bonline resource.  atextbtxt2rdacontent  acomputerbc2rdamedia  aonline resourcebcr2rdacarrier  atext filebPDF2rda1 aSpringer Texts in Business and Economics,x2192-43410 aPart I: Representative Agent Models: Basic Models -- Perturbation Methods: Framework and Tools -- Perturbation Methods: Solutions -- Perturbation Methods: Model Evaluation and Applications -- Weighted Residuals Methods -- Simulation-Based Methods -- Discrete State Space Value Function Iteration -- Part II: Heterogenous Agent Models: Computation of Stationary Distributions -- Dynamics of the Distribution Function -- Overlapping Generations Models with Perfect Foresight -- OLG Models with Uncertainty -- Part III: Numerical Methods: Linear Algebra -- Function Approximation -- Differentiation and Integration -- Nonlinear Equations and Optimization -- Difference Equations and Stochastic Processes.  aContemporary 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 tohigh-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. "This book does not only an excellent job in explaining the existing tools, but it also teaches the reader on how to write his/her own programs and it provides the reader with the tools to help advance the state of the art of dynamic macroeconomics." Wouter J. Den Haan, London School of Economics ”... provides the reader with exactly the necessary computational tools to solve the dynamic general equilibrium models macroeconomists care about. It is therefore the perfect complement to Stokey, Lucas and Prescott's and Sargent and Ljungqvist's theoretical treatment of modern macroeconomics." Dirk Krueger, University of Pennsylvania. 0aEconomicsxComputer programs. 0aEconometrics. 0aMacroeconomics. 0aEconomic development. 0aComputer science.14aComputational Economics.24aQuantitative Economics.24aMacroeconomics and Monetary Economics.24aEconomic Growth.24aComputer Science.1 aMaußner, Alfred.eauthor.4aut4http://id.loc.gov/vocabulary/relators/aut2 aSpringerLink (Online service)0 tSpringer Nature eBook08iPrinted edition:z978303151680108iPrinted edition:z978303151682508iPrinted edition:z9783031516832 0aSpringer Texts in Business and Economics,x2192-434140uhttps://doi.org/10.1007/978-3-031-51681-8