04119nam a22005775i 4500 978-3-031-56034-7 DE-He213 20251030112049.0 cr nn 008mamaa 240520s2024 sz | s |||| 0|eng d 9783031560347 978-3-031-56034-7 10.1007/978-3-031-56034-7 doi HB172.5 KCB bicssc BUS039000 bisacsh KCB thema Chirichiello, Giuseppe. author. aut http://id.loc.gov/vocabulary/relators/aut 77078 DSGE Models for Real Business Cycle and New Keynesian Macroeconomics [electronic resource] : Theoretical Methods and Numerical Solutions with DYNARE / by Giuseppe Chirichiello. 1st ed. 2024. Cham : Springer Nature Switzerland : Imprint: Springer, 2024. XVII, 365 p. 12 illus., 5 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 Chapter 1. Introduction -- Chapter 2. Finite Difference Equations and Systems of Difference Equations in Rational Expectations -- Chapter 3. Models of Representative Agents and Real Business Cycle Models -- Chapter 4. A Simplified Illustration of Numerical Solution Methods of DSGE Models With DYNARE Software -- Chapter 5. A Basic Version of the Micro-founded Neo-keynesian Model -- Chapter 6. More Complex NKE Models: Stickiness in Money Wages, Real Stickiness and Extensions to a Medium-size Model. This textbook introduces graduate and upper undergraduate students to Dynamic Stochastic General Equilibrium (DSGE) models. As DSGE models become integral in advanced coursework, this book serves as an invaluable guide, explaining the complexities with a methodological red thread across its five chapters. Starting with the stochastic dynamic models of the Real Business Cycle (RBC) and progressing through the field of New Keynesian Macroeconomics (NKE), it employs DSGE models to shed light on the dynamic nature of economic systems. The book presents the Blanchard-Kahn methodology for theoretical solutions, discussing its usefulness and limitations as models evolve in complexity. The book goes on to explain the shift from analytical to numerical solutions, showcasing the DYNARE software and providing coding insights. Unique to this volume is a chapter on difference equations, equipping students with essential mathematical tools, and a concluding exploration of a medium-sized New Keynesian Economics model. This book will equip students to navigate the theoretical complexities of the topic and to independently replicate and comprehend the presented results. It bridges the gap between classical and Keynesian paradigms, reviving the debate in today's "RBC vs NKE" landscape. It will enable students to master the essence of macroeconomic theories and methodologies, paving the way for their scholarly pursuits. Macroeconomics. Econometrics. 57695 Finance, Public. 59081 Labor economics. Population Economic aspects. 58573 Macroeconomics and Monetary Economics. 69508 Quantitative Economics. 70330 Public Economics. 72216 Labor and Population Economics. 71978 SpringerLink (Online service) Springer Nature eBook Printed edition: 9783031560330 Printed edition: 9783031560354 Printed edition: 9783031560361 Springer Texts in Business and Economics, 2192-4341 69742 https://doi.org/10.1007/978-3-031-56034-7 ZDB-2-ECF ZDB-2-SXEF 59972 59972