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020 _a9783031516818
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024 7 _a10.1007/978-3-031-51681-8
_2doi
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072 7 _aKCA
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072 7 _aBUS069030
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072 7 _aKCA
_2thema
100 1 _aHeer, Burkhard.
_eauthor.
_0(orcid)0000-0002-6627-7550
_1https://orcid.org/0000-0002-6627-7550
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
_971469
245 1 0 _aDynamic General Equilibrium Modeling
_h[electronic resource] :
_bComputational Methods and Applications /
_cby Burkhard Heer, Alfred Maußner.
250 _a3rd ed. 2024.
264 1 _aCham :
_bSpringer International Publishing :
_bImprint: Springer,
_c2024.
300 _aXLIII, 912 p. 129 illus., 87 illus. in color.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
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490 1 _aSpringer Texts in Business and Economics,
_x2192-4341
505 0 _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.
520 _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.
650 0 _aEconomics
_xComputer programs.
_971470
650 0 _aEconometrics.
_957695
650 0 _aMacroeconomics.
650 0 _aEconomic development.
_958075
650 0 _aComputer science.
_958552
650 1 4 _aComputational Economics.
_971471
650 2 4 _aQuantitative Economics.
_970330
650 2 4 _aMacroeconomics and Monetary Economics.
_969508
650 2 4 _aEconomic Growth.
_958347
650 2 4 _aComputer Science.
_958552
700 1 _aMaußner, Alfred.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
_971472
710 2 _aSpringerLink (Online service)
773 0 _tSpringer Nature eBook
776 0 8 _iPrinted edition:
_z9783031516801
776 0 8 _iPrinted edition:
_z9783031516825
776 0 8 _iPrinted edition:
_z9783031516832
830 0 _aSpringer Texts in Business and Economics,
_x2192-4341
_969742
856 4 0 _uhttps://doi.org/10.1007/978-3-031-51681-8
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