05203nam a22006015i 4500 978-3-031-51681-8 DE-He213 20251030111436.0 cr nn 008mamaa 240221s2024 sz | s |||| 0|eng d 9783031516818 978-3-031-51681-8 10.1007/978-3-031-51681-8 doi HB143.5 KCA bicssc BUS069030 bisacsh KCA thema Heer, Burkhard. author. (orcid)0000-0002-6627-7550 https://orcid.org/0000-0002-6627-7550 aut http://id.loc.gov/vocabulary/relators/aut 71469 Dynamic General Equilibrium Modeling [electronic resource] : Computational Methods and Applications / by Burkhard Heer, Alfred Maußner. 3rd ed. 2024. Cham : Springer International Publishing : Imprint: Springer, 2024. XLIII, 912 p. 129 illus., 87 illus. in color. online resource. text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Springer Texts in Business and Economics, 2192-4341 Part 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. Contemporary 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. Economics Computer programs. 71470 Econometrics. 57695 Macroeconomics. Economic development. 58075 Computer science. 58552 Computational Economics. 71471 Quantitative Economics. 70330 Macroeconomics and Monetary Economics. 69508 Economic Growth. 58347 Computer Science. 58552 Maußner, Alfred. author. aut http://id.loc.gov/vocabulary/relators/aut 71472 SpringerLink (Online service) Springer Nature eBook Printed edition: 9783031516801 Printed edition: 9783031516825 Printed edition: 9783031516832 Springer Texts in Business and Economics, 2192-4341 69742 https://doi.org/10.1007/978-3-031-51681-8 ZDB-2-ECF ZDB-2-SXEF 57777 57777