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Introduction to Dynamic Macroeconomic General Equilibrium Models (Vernon Series in Economic Methodology), by Jose Luis Torres Chacon
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This book offers an introductory step-by-step course to Dynamic Stochastic General Equilibrium modelling. Modern macroeconomic analysis is increasingly concerned with the construction, calibration and/or estimation and simulation of Dynamic General Equilibrium (DGE) models. The book is intended for graduate students as an introductory course to DGE modelling and for those economists who would like a hands-on approach to learning the basics of modern dynamic macroeconomic modelling. The book starts with the simplest canonical neoclassical DGE model and then gradually extends the basic framework incorporating a variety of additional features, such as consumption habit formation, investment adjustment cost, investment-specific technological change, taxes, public capital, household production, non-ricardian agents, monopolistic competition, etc. The book includes Dynare codes for the models developed that can be downloaded from the book s homepage.
- Sales Rank: #1304023 in Books
- Published on: 2014-03-15
- Format: Large Print
- Original language: English
- Number of items: 1
- Dimensions: 9.02" h x .69" w x 5.98" l, 1.18 pounds
- Binding: Hardcover
- 270 pages
Review
'An impressive achievement. A book that all beginners to the topic should read, use and consult' --Fabio Canova - Professor of Econometrics, EUI
About the Author
Jos� L. Torres is Associate Professor of Economics, Head of the Department of Economics, Faculty of Economics, University of M�laga (Spain). His current research areas include: Technological Change, Economic Growth, Dynamic General Equilibrium modelling. He has published several books and a large number of papers in journals as Information Economics and Policy, Public Choice, Macroeconomic Dynamics, Journal of Macroeconomics, Eastern European Economics, Empirical Economics, Economic Modelling, Open Economies Review, Economic Letters, Journal of International Financial Markets, Institutions and Money, SERIES, and Economic Issues.
Most helpful customer reviews
0 of 0 people found the following review helpful.
Excellent introductory text to DSGE models!
By Ruben Osuna Guerrero
Excellent introduction to the difficult subject of DSGE models.
Straight to the point, clarifying all the details... this is a very useful tool for any student who needs and introduction and some practice using Dynare.
1 of 2 people found the following review helpful.
Awesome introduction to the DSGE world
By Ale
Awesome introduction to the DSGE world. The author -a while back I was lucky enough to be taught Dynamic Macroeconomics by him, therefore I can affirm firsthand he's a terrific teacher- takes pains to explain step by step how to build up this type of models. The book starts by setting up the most basic model and gradually incorporates new features that help reproduce the way the economy works.
For next editions, I'd love to see new chapters, on sticky prices � la Calvo and on an Open Economy model.
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