Analyses in Macroeconomic Modelling

Macroeconomic Modelling has undergone radical changes in the last few years. There has been considerable innovation in developing robust solution techniques for the new breed of increasingly complex models. Similarly there has been a growing consensus on their long run and dynamic properties, as wel...

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Bibliographic Details
Other Authors: Hughes Hallett, Andrew J. (Editor), McAdam, Peter (Editor)
Format: eBook
Language:English
Published: New York, NY Springer US 1999, 1999
Edition:1st ed. 1999
Series:Advances in Computational Economics
Subjects:
Online Access:
Collection: Springer Book Archives -2004 - Collection details see MPG.ReNa
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245 0 0 |a Analyses in Macroeconomic Modelling  |h Elektronische Ressource  |c edited by Andrew J. Hughes Hallett, Peter McAdam 
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260 |a New York, NY  |b Springer US  |c 1999, 1999 
300 |a VII, 299 p  |b online resource 
505 0 |a One: Solution Methods -- 1 Solution Methods and Non-Linear Forward-Looking Models -- 2 From Here to Eternity: The Robustness of Model Solutions to Imperfect Starting Values -- 3 Accelerating Non Linear Perfect Foresight Model Solution by Exploiting the Steady State Linearization -- Two: Rational Expectations and Learning -- 4 Modifying the Rational Expectations Assumption in a Large World Model -- 5 Boundedly versus Procedurally Rational Expectations -- 6 Instrument Rules, Inflation Forecast Rules and Optimal Control Rules when Expectations are Rational -- Three: Macrodynamics -- 7 Asymptotic Hierarchies in an Economic Model -- 8 Computational Methods for Macro Policy Analysis: Hall and Taylor’s Models in DUALI -- 9 The Dynamical Analysis of Forward-Looking Models -- Four: Long Run and Closures in Macro Models -- 10 The Long Run in Macro Models: A Guide -- 11 The Sensitivity of Solutions to Terminal Conditions: Simulating Permanent Shocks with QUEST II -- 12 Solving Large Scale Models Under Alternative Policy Closures: the MSG2 Multi-Country Model -- Author Index 
653 |a Macroeconomics and Monetary Economics 
653 |a Quantitative Economics 
653 |a Macroeconomics 
653 |a Econometrics 
700 1 |a McAdam, Peter  |e [editor] 
041 0 7 |a eng  |2 ISO 639-2 
989 |b SBA  |a Springer Book Archives -2004 
490 0 |a Advances in Computational Economics 
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520 |a Macroeconomic Modelling has undergone radical changes in the last few years. There has been considerable innovation in developing robust solution techniques for the new breed of increasingly complex models. Similarly there has been a growing consensus on their long run and dynamic properties, as well as much development on existing themes such as modelling expectations and policy rules. This edited volume focuses on those areas which have undergone the most significant and imaginative developments and brings together the very best of modelling practice. We include specific sections on (I) Solving Large Macroeconomic Models, (II) Rational Expectations and Learning Approaches, (III) Macro Dynamics, and (IV) Long Run and Closures. All of the contributions offer new research whilst putting their developments firmly in context and as such will influence much future research in the area. It will be an invaluable text for those in policy institutions as well as academics and advanced students in the fields of economics, mathematics, business and government. Our contributors include those working in central banks, the IMF, European Commission and established academics