The Oxford Handbook of Computational Economics and Finance

The Oxford Handbook of Computational Economics and Finance
Author: Shu-Heng Chen
Publisher: Oxford University Press
Total Pages: 785
Release: 2018-01-12
Genre: Business & Economics
ISBN: 0190877502

The Oxford Handbook of Computational Economics and Finance provides a survey of both the foundations of and recent advances in the frontiers of analysis and action. It is both historically and interdisciplinarily rich and also tightly connected to the rise of digital society. It begins with the conventional view of computational economics, including recent algorithmic development in computing rational expectations, volatility, and general equilibrium. It then moves from traditional computing in economics and finance to recent developments in natural computing, including applications of nature-inspired intelligence, genetic programming, swarm intelligence, and fuzzy logic. Also examined are recent developments of network and agent-based computing in economics. How these approaches are applied is examined in chapters on such subjects as trading robots and automated markets. The last part deals with the epistemology of simulation in its trinity form with the integration of simulation, computation, and dynamics. Distinctive is the focus on natural computationalism and the examination of the implications of intelligent machines for the future of computational economics and finance. Not merely individual robots, but whole integrated systems are extending their "immigration" to the world of Homo sapiens, or symbiogenesis.

Essays in Honor of M. Hashem Pesaran

Essays in Honor of M. Hashem Pesaran
Author: Alexander Chudik
Publisher: Emerald Group Publishing
Total Pages: 316
Release: 2022-01-18
Genre: Business & Economics
ISBN: 180262063X

The collection of chapters in Volume 43 Part A of Advances in Econometrics serves as a tribute to one of the most innovative, influential, and productive econometricians of his generation, Professor M. Hashem Pesaran.

Risk Topography

Risk Topography
Author: Markus Brunnermeier
Publisher: University of Chicago Press
Total Pages: 286
Release: 2014-10-17
Genre: Business & Economics
ISBN: 022609264X

The recent financial crisis and the difficulty of using mainstream macroeconomic models to accurately monitor and assess systemic risk have stimulated new analyses of how we measure economic activity and the development of more sophisticated models in which the financial sector plays a greater role. Markus Brunnermeier and Arvind Krishnamurthy have assembled contributions from leading academic researchers, central bankers, and other financial-market experts to explore the possibilities for advancing macroeconomic modeling in order to achieve more accurate economic measurement. Essays in this volume focus on the development of models capable of highlighting the vulnerabilities that leave the economy susceptible to adverse feedback loops and liquidity spirals. While these types of vulnerabilities have often been identified, they have not been consistently measured. In a financial world of increasing complexity and uncertainty, this volume is an invaluable resource for policymakers working to improve current measurement systems and for academics concerned with conceptualizing effective measurement.

Macroeconomic Modeling And Policy Analysis For Less Developed Countries

Macroeconomic Modeling And Policy Analysis For Less Developed Countries
Author: Mohammed F Khayum
Publisher: Routledge
Total Pages: 217
Release: 2019-03-07
Genre: Social Science
ISBN: 0429714734

This book provides an overview of macroeconometric modeling for less developed countries, a description of the structure and performance of Guyana's economy, an empirical testing of the model using annual data for Guyana, and a simulation approach to policy evaluation.

Basic Methods of Policy Analysis and Planning

Basic Methods of Policy Analysis and Planning
Author: Carl Patton
Publisher: Routledge
Total Pages: 481
Release: 2015-08-26
Genre: Political Science
ISBN: 1317350006

Updated in its 3rd edition, Basic Methods of Policy Analysis and Planning presents quickly applied methods for analyzing and resolving planning and policy issues at state, regional, and urban levels. Divided into two parts, Methods which presents quick methods in nine chapters and is organized around the steps in the policy analysis process, and Cases which presents seven policy cases, ranging in degree of complexity, the text provides readers with the resources they need for effective policy planning and analysis. Quantitative and qualitative methods are systematically combined to address policy dilemmas and urban planning problems. Readers and analysts utilizing this text gain comprehensive skills and background needed to impact public policy.

Empirical Models and Policy Making

Empirical Models and Policy Making
Author: Mary Morgan
Publisher: Routledge
Total Pages: 337
Release: 2003-09-02
Genre: Business & Economics
ISBN: 1134573138

This collection, written by highly-placed practitioners and academic economists, provides a picture of how economic modellers and policy makers interact. The book provides international case studies of particular interactions between models and policy making, and argues that the flow of information is two-way.

The Effectiveness of Fiscal Policy in Stimulating Economic Activity

The Effectiveness of Fiscal Policy in Stimulating Economic Activity
Author: Richard Hemming
Publisher: International Monetary Fund
Total Pages: 62
Release: 2002-12
Genre: Business & Economics
ISBN:

This paper reviews the theoretical and empirical literature on the effectiveness of fiscal policy. The focus is on the size of fiscal multipliers, and on the possibility that multipliers can turn negative (i.e., that fiscal contractions can be expansionary). The paper concludes that fiscal multipliers are overwhelmingly positive but small. However, there is some evidence of negative fiscal multipliers.