
Analyses in Macroeconomic Modelling
Kluwer Academic Publishers
Published on 31. October 1999
Book
Hardback
VII, 299 pages
978-0-7923-8598-1 (ISBN)
Description
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.
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.
More details
Series
Edition
1999 ed.
Language
English
Place of publication
New York
United States
Target group
College/higher education
Professional and scholarly
Research
Illustrations
VII, 299 p.
Dimensions
Height: 241 mm
Width: 160 mm
Thickness: 22 mm
Weight
641 gr
ISBN-13
978-0-7923-8598-1 (9780792385981)
DOI
10.1007/978-1-4615-5219-2
Schweitzer Classification
Other editions
Additional editions

Andrew J. Hughes Hallett | Peter McAdam
Analyses in Macroeconomic Modelling
Book
05/2013
Springer
€160.49
Shipment within 7-9 days

Andrew J. Hughes Hallett | Peter McAdam
Analyses in Macroeconomic Modelling
E-Book
12/2012
Springer
€149.79
Available for download
Content
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.