Economic Dynamics, second edition - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Dynamics, second edition write by John Stachurski. This book was released on 2022-08-16. Economic Dynamics, second edition available in PDF, EPUB and Kindle. The second edition of a rigorous and example-driven introduction to topics in economic dynamics that emphasizes techniques for modeling dynamic systems. This text provides an introduction to the modern theory of economic dynamics, with emphasis on mathematical and computational techniques for modeling dynamic systems. Written to be both rigorous and engaging, the book shows how sound understanding of the underlying theory leads to effective algorithms for solving real-world problems. The material makes extensive use of programming examples to illustrate ideas, bringing to life the abstract concepts in the text. Key topics include algorithms and scientific computing, simulation, Markov models, and dynamic programming. Part I introduces fundamentals and part II covers more advanced material. This second edition has been thoroughly updated, drawing on recent research in the field. New for the second edition: “Programming-language agnostic” presentation using pseudocode. New chapter 1 covering conceptual issues concerning Markov chains such as ergodicity and stability. New focus in chapter 2 on algorithms and techniques for program design and high-performance computing. New focus on household problems rather than optimal growth in material on dynamic programming. Solutions to many exercises, code, and other resources available on a supplementary website.
Economic Dynamics in Discrete Time
Economic Dynamics in Discrete Time - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Dynamics in Discrete Time write by Jianjun Miao. This book was released on 2014-09-19. Economic Dynamics in Discrete Time available in PDF, EPUB and Kindle. A unified, comprehensive, and up-to-date introduction to the analytical and numerical tools for solving dynamic economic problems. This book offers a unified, comprehensive, and up-to-date treatment of analytical and numerical tools for solving dynamic economic problems. The focus is on introducing recursive methods—an important part of every economist's set of tools—and readers will learn to apply recursive methods to a variety of dynamic economic problems. The book is notable for its combination of theoretical foundations and numerical methods. Each topic is first described in theoretical terms, with explicit definitions and rigorous proofs; numerical methods and computer codes to implement these methods follow. Drawing on the latest research, the book covers such cutting-edge topics as asset price bubbles, recursive utility, robust control, policy analysis in dynamic New Keynesian models with the zero lower bound on interest rates, and Bayesian estimation of dynamic stochastic general equilibrium (DSGE) models. The book first introduces the theory of dynamical systems and numerical methods for solving dynamical systems, and then discusses the theory and applications of dynamic optimization. The book goes on to treat equilibrium analysis, covering a variety of core macroeconomic models, and such additional topics as recursive utility (increasingly used in finance and macroeconomics), dynamic games, and recursive contracts. The book introduces Dynare, a widely used software platform for handling a range of economic models; readers will learn to use Dynare for numerically solving DSGE models and performing Bayesian estimation of DSGE models. Mathematical appendixes present all the necessary mathematical concepts and results. Matlab codes used to solve examples are indexed and downloadable from the book's website. A solutions manual for students is available for sale from the MIT Press; a downloadable instructor's manual is available to qualified instructors.
Recursive Methods in Economic Dynamics
Recursive Methods in Economic Dynamics - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Recursive Methods in Economic Dynamics write by Nancy L. Stokey. This book was released on 1989-10-10. Recursive Methods in Economic Dynamics available in PDF, EPUB and Kindle. This rigorous but brilliantly lucid book presents a self-contained treatment of modern economic dynamics. Stokey, Lucas, and Prescott develop the basic methods of recursive analysis and illustrate the many areas where they can usefully be applied.
Structural Economic Dynamics
Structural Economic Dynamics - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Structural Economic Dynamics write by Luigi Pasinetti. This book was released on 2006-11-02. Structural Economic Dynamics available in PDF, EPUB and Kindle. This book is a theoretical investigation of the influence of human learning on the development through time of a 'pure labour' economy. The theory proposed is a simple one, but aims to grasp the essential features of all industrial economies. Economists have long known that two basic phenomena lie at the root of long-term economic movements in industrial societies: capital accumulation and technical progress. Attention has been concentrated on the former. In this book, by contrast, technical progress is assigned the central role. Within a multi-sector framework, the author examines the structural dynamics of prices, production and employment (implied by differentiated rates of productivity growth and expansion of demand) against a background of 'natural' relations. He also considers a number of institutional problems. Institutional and social learning, know-how, and the diffusion of knowledge emerge as the decisive factors accounting for the success and failure of industrial societies.
Economic Dynamics
Economic Dynamics - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Dynamics write by Roy Harrod. This book was released on 1973-06-18. Economic Dynamics available in PDF, EPUB and Kindle.
