Book Cover
Author Novales, Alfonso.

Title Economic growth : theory and numerical solution methods / by Alfonso Novales, Esther Fernandez, JesĐs RuŁz
Published Berlin ; London : Springer, 2009


Description 1 online resource (xx, 528 pages)
Contents Introduction -- The Neoclassical Growth Model under a Constant Savings Rate -- Optimal Growth. Continuous Time Analysis -- Optimal Growth. Discrete Time Analysis -- Numerical Solution Models -- Endogenous Growth Models -- Additional Endogenous Growth Models -- Growth in Monetary Economics: Steady-State Analysis of Monetary Policy -- Transitional Dynamics in Monetary Economics. Numerical Solutions -- Mathematical Appendix
Summary This is a book on deterministic and stochastic Growth Theory and the computational methods needed to produce numerical solutions. Exogenous and endogenous growth models are thoroughly reviewed. Special attention is paid to the use of these models for fiscal and monetary policy analysis. Modern Business Cycle Theory, the New Keynesian Macroeconomics, the class of Dynamic Stochastic General Equilibrium models, can be all considered as special cases of models of economic growth, and they can be analyzed by the theoretical and numerical procedures provided in the textbook. Analytical discussions are presented in full detail. The book is self contained and it is designed so that the student advances in the theoretical and the computational issues in parallel. EXCEL and Matlab files are provided on an accompanying website to illustrate theoretical results as well as to simulate the effects of economic policy interventions. The structure of these program files is described in "Numerical exercise"--Type of sections, where the output of these programs is also interpreted
Bibliography Includes bibliographical references and index
Notes English
Print version record
Subject Economic development -- Mathematical models.
Business cycles -- Mathematical models.
Monetary policy -- Mathematical models.
Stochastic processes.
Stochastic Processes
Science économique.
Economie de l'entreprise.
Modèles mathématiques.
Cycles économiques.
Politique monétaire.
Business cycles -- Mathematical models.
Economic development -- Mathematical models.
Monetary policy -- Mathematical models.
Stochastic processes.
Economische groei.
Economische modellen.
Form Electronic book
Author Fernández, Esther.
Ruiz, Jesús M.
ISBN 9783540686699