LEADER 03994nam 22006375 450 001 9910861092903321 005 20240521105439.0 010 $a3-031-56034-5 024 7 $a10.1007/978-3-031-56034-7 035 $a(CKB)32138357700041 035 $a(MiAaPQ)EBC31348762 035 $a(Au-PeEL)EBL31348762 035 $a(DE-He213)978-3-031-56034-7 035 $a(EXLCZ)9932138357700041 100 $a20240520d2024 u| 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aDSGE Models for Real Business Cycle and New Keynesian Macroeconomics $eTheoretical Methods and Numerical Solutions with DYNARE /$fby Giuseppe Chirichiello 205 $a1st ed. 2024. 210 1$aCham :$cSpringer Nature Switzerland :$cImprint: Springer,$d2024. 215 $a1 online resource (380 pages) 225 1 $aSpringer Texts in Business and Economics,$x2192-4341 311 $a3-031-56033-7 327 $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. 330 $aThis textbook introduces graduate and upper undergraduate students to Dynamic Stochastic General Equilibrium (DSGE) models. As DSGE models become integral in advanced coursework, this book serves as an invaluable guide, explaining the complexities with a methodological red thread across its five chapters. Starting with the stochastic dynamic models of the Real Business Cycle (RBC) and progressing through the field of New Keynesian Macroeconomics (NKE), it employs DSGE models to shed light on the dynamic nature of economic systems. The book presents the Blanchard-Kahn methodology for theoretical solutions, discussing its usefulness and limitations as models evolve in complexity. The book goes on to explain the shift from analytical to numerical solutions, showcasing the DYNARE software and providing coding insights. Unique to this volume is a chapter on difference equations, equipping students with essential mathematical tools, and a concluding exploration of a medium-sized New Keynesian Economics model. This book will equip students to navigate the theoretical complexities of the topic and to independently replicate and comprehend the presented results. It bridges the gap between classical and Keynesian paradigms, reviving the debate in today's "RBC vs NKE" landscape. It will enable students to master the essence of macroeconomic theories and methodologies, paving the way for their scholarly pursuits. 410 0$aSpringer Texts in Business and Economics,$x2192-4341 606 $aMacroeconomics 606 $aEconometrics 606 $aFinance, Public 606 $aLabor economics 606 $aPopulation$xEconomic aspects 606 $aMacroeconomics and Monetary Economics 606 $aQuantitative Economics 606 $aPublic Economics 606 $aLabor and Population Economics 615 0$aMacroeconomics. 615 0$aEconometrics. 615 0$aFinance, Public. 615 0$aLabor economics. 615 0$aPopulation$xEconomic aspects. 615 14$aMacroeconomics and Monetary Economics. 615 24$aQuantitative Economics. 615 24$aPublic Economics. 615 24$aLabor and Population Economics. 676 $a339 700 $aChirichiello$b Giuseppe$0124708 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910861092903321 996 $aDSGE Models for Real Business Cycle and New Keynesian Macroeconomics$94163425 997 $aUNINA