Analyses in macroeconomic modelling / edited by Andrew Hughes Hallett and Peter McAdam.

Format:

Book

Contributor:

Hughes Hallett, Andrew.

McAdam, Peter

Alumni and Friends Memorial Book Fund.

Series:

Advances in computational economics ; v. 12.

Advances in computational economics ; v. 12

Language:

English

Subjects (All):

Macroeconomics--Mathematical models.

Macroeconomics.

Rational expectations (Economic theory)--Mathematical models.

Rational expectations (Economic theory).

Physical Description:

vi, 298 pages : illustrations ; 25 cm.

Place of Publication:

Boston : Kluwer Academic, 1999.

Contents:

Part 1 Solution Methods

Chapter 1 Solution Methods and Non-Linear Forward-Looking Models / Michel Juillard, Douglas Laxton, Peter McAdam, Hope Pioro 3

Chapter 2 From Here to Eternity: The Robustness of Model Solutions to Imperfect Starting Values / Peter McAdam, Andrew Hughes Hallett 31

Chapter 3 Accelerating Non Linear Perfect Foresight Model Solution by Exploiting the Steady State Linearization / Gary S. Anderson 57

Part 2 Rational Expectations and Learning

Chapter 4 Modifying the Rational Expectations Assumption in a Large World Model / Stephen Hall, Steven Symansky 89

Chapter 5 Boundedly versus Procedurally Rational Expectations / Scott Moss, Esther-Mirjam Sent 115

Chapter 6 Instrument Rules, Inflation Forecast Rules and Optimal Control Rules when Expectations are Rational / Sean Holly, Paul Turner 147

Part 3 Macrodynamics

Chapter 7 Asymptotic Hierarchies in an Economic Model / Cuong Le Van, Pierre Malgrange 169

Chapter 8 Computational Methods for Macro Policy Analysis: Hall and Taylor's Models in DUALI / P. Ruben Mercado, David A. Kendrick 179

Chapter 9 The Dynamical Analysis of Forward-Looking Models / Michel Juillard 207

Part 4 Long Run and Closures in Macro Models

Chapter 10 The Long Run in Macro Models: A Guide / Peter McAdam 227

Chapter 11 The Sensitivity of Solutions to Terminal Conditions: Simulating Permanent Shocks with Quest II / Werner Roeger, Jan in't Veld 251

Chapter 12 Solving Large Scale Models Under Alternative Policy Closures: the MSG2 Multi-Country Model / Warwick J. McKibbin 273.

Notes:

Includes bibliographical references and indexes.

Local Notes:

Acquired for the Penn Libraries with assistance from the Alumni and Friends Memorial Book Fund.

ISBN:

0792385985

OCLC:

42027560