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Dynamic Stochastic General Equilibrium Models
Real Business Cycles Models: Closed and Open Economy
Buch von Hamilton Galindo Gil (u. a.)
Sprache: Englisch

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Beschreibung
This textbook guides the student step-by-step in developing and solving a DSGE (Dynamic Stochastic General Equilibrium) model¿not only from the technical and conceptual aspects but also through the simulation process of each model. Characterized by a learning-by-doing approach, the book is set apart from the extant textbooks in three ways. First, it performs all the algebra associated with each model, such as the calculation of steady-state and the log-linearization of the model. Second, each model developed has been generated in Dynare, and every chapter is accompanied by a set of codes (mod-files and m-files) that the reader can use to replicate the model developed in every chapter. Finally, the models considered are toy models in the closed and open economy, which allows the student to learn the basic lessons and understand the fundamental relationships of the variables. All of this prepares the student to deal with more complex models.

This book is intended for advanced undergraduate or beginning graduate courses in economics, finance, or applied mathematics, as well as practitioners in central banks that use these models daily in the preparation of forecasts or simulations of aggregate variables.
This textbook guides the student step-by-step in developing and solving a DSGE (Dynamic Stochastic General Equilibrium) model¿not only from the technical and conceptual aspects but also through the simulation process of each model. Characterized by a learning-by-doing approach, the book is set apart from the extant textbooks in three ways. First, it performs all the algebra associated with each model, such as the calculation of steady-state and the log-linearization of the model. Second, each model developed has been generated in Dynare, and every chapter is accompanied by a set of codes (mod-files and m-files) that the reader can use to replicate the model developed in every chapter. Finally, the models considered are toy models in the closed and open economy, which allows the student to learn the basic lessons and understand the fundamental relationships of the variables. All of this prepares the student to deal with more complex models.

This book is intended for advanced undergraduate or beginning graduate courses in economics, finance, or applied mathematics, as well as practitioners in central banks that use these models daily in the preparation of forecasts or simulations of aggregate variables.
Über den Autor

Hamilton Galindo Gil is an assistant professor in the Department of Finance and Economics at Cleveland State University (US), where he teaches courses in financial management and policies and asset pricing at the graduate level. He received a Ph.D. in Finance from Arizona State University, an M.A. in Economics from the University of the Pacific (Peru), and a B.Sc. in economics engineering from the National University of Engineering (Peru). Dr. Galindo's research interests include macro-finance, structural estimation in corporate finance, and heterogeneous agents in asset pricing.

Alexis Montecinos's research focuses on financial economics, business analytics, and industrial organization. He has been a visiting professor at MIT Sloan, a macroeconomics advisor for the government of Chile, the IDB, and He is currently a Finance Professor at Suffolk University in Boston and at Universidad Adolfo Ibáñez in Chile and the Managing Director of Pharu Analytics, a leading analytics company in Latam. He is very connected to the industry and constantly develops new projects for companies and governments worldwide. He has taught economics and analytics in more than 20 universities worldwide. Among the most important prizes he has received, he was recognized as one of the 25 most successful professionals under 35 in Chile.

Marco Ortiz is an associate professor in the Department of Economics at the University of the Pacific (Peru). He holds a Ph.D. in Economics and a Master's in research in Economics from the London School of Economics and Political Science (UK) and a B.A. in Economics from the University of the Pacific. He has teaching experience at the Graduate School of the University of the Pacific in the Master's degree program in Economics. He served as Deputy Manager of Monetary Policy Design and Head of the Macroeconomic Modelling Department at the Central Reserve Bank of Peru. He was also a Consultant and Professional Associate at the World Bank.

Inhaltsverzeichnis

An Overview of RBC models.- Dynare Foundations: solving and simulating DSGE models.- RBC model with analytical solution.- RBC model with constant labor.- RBC model with variable labor.- RBC model with shock to investment and variable use of capital.- Small Open Economy RBC.- Dynamic Optimization.

Details
Erscheinungsjahr: 2024
Fachbereich: Volkswirtschaft
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Buch
Reihe: Springer Texts in Business and Economics
Inhalt: xxiv
453 S.
1 s/w Illustr.
115 farbige Illustr.
453 p. 116 illus.
115 illus. in color.
ISBN-13: 9783031581045
ISBN-10: 3031581040
Sprache: Englisch
Ausstattung / Beilage: HC runder Rücken kaschiert
Einband: Gebunden
Autor: Galindo Gil, Hamilton
Ortiz Sosa, Marco Antonio
Montecinos Bravo, Alexis
Hersteller: Springer Nature Switzerland
Springer International Publishing AG
Springer Texts in Business and Economics
Maße: 241 x 160 x 32 mm
Von/Mit: Hamilton Galindo Gil (u. a.)
Erscheinungsdatum: 24.07.2024
Gewicht: 0,881 kg
Artikel-ID: 128755744
Über den Autor

Hamilton Galindo Gil is an assistant professor in the Department of Finance and Economics at Cleveland State University (US), where he teaches courses in financial management and policies and asset pricing at the graduate level. He received a Ph.D. in Finance from Arizona State University, an M.A. in Economics from the University of the Pacific (Peru), and a B.Sc. in economics engineering from the National University of Engineering (Peru). Dr. Galindo's research interests include macro-finance, structural estimation in corporate finance, and heterogeneous agents in asset pricing.

Alexis Montecinos's research focuses on financial economics, business analytics, and industrial organization. He has been a visiting professor at MIT Sloan, a macroeconomics advisor for the government of Chile, the IDB, and He is currently a Finance Professor at Suffolk University in Boston and at Universidad Adolfo Ibáñez in Chile and the Managing Director of Pharu Analytics, a leading analytics company in Latam. He is very connected to the industry and constantly develops new projects for companies and governments worldwide. He has taught economics and analytics in more than 20 universities worldwide. Among the most important prizes he has received, he was recognized as one of the 25 most successful professionals under 35 in Chile.

Marco Ortiz is an associate professor in the Department of Economics at the University of the Pacific (Peru). He holds a Ph.D. in Economics and a Master's in research in Economics from the London School of Economics and Political Science (UK) and a B.A. in Economics from the University of the Pacific. He has teaching experience at the Graduate School of the University of the Pacific in the Master's degree program in Economics. He served as Deputy Manager of Monetary Policy Design and Head of the Macroeconomic Modelling Department at the Central Reserve Bank of Peru. He was also a Consultant and Professional Associate at the World Bank.

Inhaltsverzeichnis

An Overview of RBC models.- Dynare Foundations: solving and simulating DSGE models.- RBC model with analytical solution.- RBC model with constant labor.- RBC model with variable labor.- RBC model with shock to investment and variable use of capital.- Small Open Economy RBC.- Dynamic Optimization.

Details
Erscheinungsjahr: 2024
Fachbereich: Volkswirtschaft
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Buch
Reihe: Springer Texts in Business and Economics
Inhalt: xxiv
453 S.
1 s/w Illustr.
115 farbige Illustr.
453 p. 116 illus.
115 illus. in color.
ISBN-13: 9783031581045
ISBN-10: 3031581040
Sprache: Englisch
Ausstattung / Beilage: HC runder Rücken kaschiert
Einband: Gebunden
Autor: Galindo Gil, Hamilton
Ortiz Sosa, Marco Antonio
Montecinos Bravo, Alexis
Hersteller: Springer Nature Switzerland
Springer International Publishing AG
Springer Texts in Business and Economics
Maße: 241 x 160 x 32 mm
Von/Mit: Hamilton Galindo Gil (u. a.)
Erscheinungsdatum: 24.07.2024
Gewicht: 0,881 kg
Artikel-ID: 128755744
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