LEADER 04940nam 22006735 450 001 9910841873003321 005 20240918173546.0 010 $a3-031-51681-8 024 7 $a10.1007/978-3-031-51681-8 035 $a(MiAaPQ)EBC31174266 035 $a(Au-PeEL)EBL31174266 035 $a(DE-He213)978-3-031-51681-8 035 $a(CKB)30482686600041 035 $a(EXLCZ)9930482686600041 100 $a20240221d2024 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aDynamic General Equilibrium Modeling $eComputational Methods and Applications /$fby Burkhard Heer, Alfred Maußner 205 $a3rd ed. 2024. 210 1$aCham :$cSpringer International Publishing :$cImprint: Springer,$d2024. 215 $a1 online resource (943 pages) 225 1 $aSpringer Texts in Business and Economics,$x2192-4341 311 $a3-031-51680-X 327 $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. 330 $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. 410 0$aSpringer Texts in Business and Economics,$x2192-4341 606 $aEconomics$xComputer programs 606 $aEconometrics 606 $aMacroeconomics 606 $aEconomic development 606 $aComputer science 606 $aComputational Economics 606 $aQuantitative Economics 606 $aMacroeconomics and Monetary Economics 606 $aEconomic Growth 606 $aComputer Science 615 0$aEconomics$xComputer programs. 615 0$aEconometrics. 615 0$aMacroeconomics. 615 0$aEconomic development. 615 0$aComputer science. 615 14$aComputational Economics. 615 24$aQuantitative Economics. 615 24$aMacroeconomics and Monetary Economics. 615 24$aEconomic Growth. 615 24$aComputer Science. 676 $a330.015118 700 $aHeer$b Burkhard$0471439 701 $aMaußner$b Alfred$01729909 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910841873003321 996 $aDynamic General Equilibrium Modeling$94140128 997 $aUNINA