General Equilibrium Models For The Chilean Economy
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| Author | : Burkhard Heer |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 720 |
| Release | : 2009-08-12 |
| Genre | : Business & Economics |
| ISBN | : 364203148X |
Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. In order to solve these models, economists need to use many mathematical tools. This book presents various methods in order to compute the dynamics of general equilibrium models. In part I, the representative-agent stochastic growth model is solved with the help of value function iteration, linear and linear quadratic approximation methods, parameterised expectations and projection methods. In order to apply these methods, fundamentals from numerical analysis are reviewed in detail. In particular, the book discusses issues that are often neglected in existing work on computational methods, e.g. how to find a good initial value. In part II, the authors discuss methods in order to solve heterogeneous-agent economies. In such economies, the distribution of the individual state variables is endogenous. This part of the book also serves as an introduction to the modern theory of distribution economics. Applications include the dynamics of the income distribution over the business cycle or the overlapping-generations model. In an accompanying home page to this book, computer codes to all applications can be downloaded.
| Author | : Mohan Munasinghe |
| Publisher | : Cambridge University Press |
| Total Pages | : 689 |
| Release | : 2019-05-23 |
| Genre | : Business & Economics |
| ISBN | : 1108404154 |
Provides a rigorous analysis of sustainable development that includes practical, policy-relevant, global case studies, explained concisely and clearly.
| Author | : Monique Florenzano |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 198 |
| Release | : 2003-08-31 |
| Genre | : Business & Economics |
| ISBN | : 140207512X |
General Equilibrium Analysis is a systematic exposition of the Walrasian model of economic equilibrium with a finite number of agents, as formalized by Arrow, Debreu and McKenzie at the beginning of the fifties and since then extensively used, worked and studied. Existence and optimality of general equilibrium are developed repeatedly under different sets of hypothesis which define some general settings and delineate different approaches to the general equilibrium existence problem. The final chapter is devoted to the extension of the general equilibrium model to economies defined on an infinite dimensional commodity space. The objective of General Equilibrium Analysis is to give to each problem in each framework the most general solution, at least for the present state of art. The intended readers are graduate students, specialists and researchers in economics, especially in mathematical economics. The book is appropriate as a class text, or for self-study.
| Author | : Rómulo Chumacero Escudero |
| Publisher | : |
| Total Pages | : 460 |
| Release | : 2005 |
| Genre | : Chile |
| ISBN | : |
| Author | : Kemal Dervis |
| Publisher | : Cambridge University Press |
| Total Pages | : 548 |
| Release | : 1982-05-31 |
| Genre | : Business & Economics |
| ISBN | : 9780521270304 |
| Author | : Truman F. Bewley |
| Publisher | : Harvard University Press |
| Total Pages | : 615 |
| Release | : 2009-07-01 |
| Genre | : Business & Economics |
| ISBN | : 0674020928 |
This book presents an original exposition of general equilibrium theory for advanced undergraduate and graduate-level students of economics. It contains detailed discussions of economic efficiency, competitive equilibrium, the first and second welfare theorems, the Kuhn-Tucker approach to general equilibrium, the Arrow-Debreu model, and rational expectations equilibrium and the permanent income hypothesis. Truman Bewley also treats optimal growth and overlapping generations models as special cases of the general equilibrium model. He uses the model and the first and second welfare theorems to explain the main ideas of insurance, capital theory, growth theory, and social security. It enables him to present a unified approach to portions of macro- as well as microeconomic theory. The book contains problems sets for most chapters.
| Author | : Mary E. Burfisher |
| Publisher | : Cambridge University Press |
| Total Pages | : 443 |
| Release | : 2016 |
| Genre | : Business & Economics |
| ISBN | : 1107132207 |
The book provides a hands-on introduction to computable general equilibrium (CGE) models, written at an accessible, undergraduate level.
| Author | : Vivian Z. Yue |
| Publisher | : International Monetary Fund |
| Total Pages | : 32 |
| Release | : 2011-07-01 |
| Genre | : Business & Economics |
| ISBN | : 1462330452 |
Emerging markets business cycle models treat default risk as part of an exogenous interest rate on working capital, while sovereign default models treat income fluctuations as an exogenous endowment process with ad-noc default costs. We propose instead a general equilibrium model of both sovereign default and business cycles. In the model, some imported inputs require working capital financing; default on public and private obligations occurs simultaneously. The model explains several features of cyclical dynamics around default triggers an efficiency loss as these inputs are replaced by imperfect substitutes; and default on public and private obligations occurs simultaneously. The model explains several features of cyclical dynamics around deraults, countercyclical spreads, high debt ratios, and key business cycle moments.
| 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.
| Author | : Yves Balasko |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2020 |
| Genre | : Equilibrium (Economics). |
| ISBN | : 9781788210409 |
Written by one of the key pioneers in the field, this book offers an accessible introduction to general equilibrium theory. Written for undergraduates taking courses in economic theory and modelling who have limited mathematical proficiency, the book fills a gap between forbidding technical expositions and the less rigorous elementary ones.
