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020 _a9783031560347
_9978-3-031-56034-7
024 7 _a10.1007/978-3-031-56034-7
_2doi
050 4 _aHB172.5
072 7 _aKCB
_2bicssc
072 7 _aBUS039000
_2bisacsh
072 7 _aKCB
_2thema
100 1 _aChirichiello, Giuseppe.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
_977078
245 1 0 _aDSGE Models for Real Business Cycle and New Keynesian Macroeconomics
_h[electronic resource] :
_bTheoretical Methods and Numerical Solutions with DYNARE /
_cby Giuseppe Chirichiello.
250 _a1st ed. 2024.
264 1 _aCham :
_bSpringer Nature Switzerland :
_bImprint: Springer,
_c2024.
300 _aXVII, 365 p. 12 illus., 5 illus. in color.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aSpringer Texts in Business and Economics,
_x2192-4341
505 0 _aChapter 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.
520 _aThis 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.
650 0 _aMacroeconomics.
650 0 _aEconometrics.
_957695
650 0 _aFinance, Public.
_959081
650 0 _aLabor economics.
650 0 _aPopulation
_xEconomic aspects.
_958573
650 1 4 _aMacroeconomics and Monetary Economics.
_969508
650 2 4 _aQuantitative Economics.
_970330
650 2 4 _aPublic Economics.
_972216
650 2 4 _aLabor and Population Economics.
_971978
710 2 _aSpringerLink (Online service)
773 0 _tSpringer Nature eBook
776 0 8 _iPrinted edition:
_z9783031560330
776 0 8 _iPrinted edition:
_z9783031560354
776 0 8 _iPrinted edition:
_z9783031560361
830 0 _aSpringer Texts in Business and Economics,
_x2192-4341
_969742
856 4 0 _uhttps://doi.org/10.1007/978-3-031-56034-7
912 _aZDB-2-ECF
912 _aZDB-2-SXEF
999 _c59972
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