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...
| Other Authors: | , |
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| Format: | eBook |
| Language: | English |
| Published: |
New York, NY
Springer US
1999, 1999
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| Edition: | 1st ed. 1999 |
| Series: | Advances in Computational Economics
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| Subjects: | |
| Online Access: | |
| Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Table of Contents:
- 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