Economic Growth: Theory and Numerical Solution Methods (Springer Texts in Business and Economics)

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This is the third corrected and extended edition of a book on deterministic and stochastic Growth Theory and the computational methods needed to produce numerical solutions. Exogenous and endogenous growth, non-monetary and monetary models are thoroughly reviewed. Special attention is paid to the use of these models for fiscal and monetary policy analysis. Models under modern theories of the Business Cycle, New Keynesian Macroeconomics, and Dynamic Stochastic General Equilibrium models, can be all considered as special cases of economic growth models, 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. Spreadsheets are used to solve simple examples. Matlab files are provided on an accompanying website to illustrate theoretical results from all chapters as well as to simulate the effects of economic policy interventions. The logical structure of these program files is described in “Numerical exercise”-type of sections, where the output of these programs is also interpreted. The third edition corrects a few typographical errors, includes two new and original chapters on frequentist and Bayesian estimation, and improves some notation.

Publisher ‏ : ‎ Springer
Publication date ‏ : ‎ December 4, 2021
Edition ‏ : ‎ Third Edition 2022
Language ‏ : ‎ English
Print length ‏ : ‎ 673 pages
ISBN-10 ‏ : ‎ 3662639815
ISBN-13 ‏ : ‎ 978-3662639818
Item Weight ‏ : ‎ 2.58 pounds
Dimensions ‏ : ‎ 6.14 x 1.44 x 9.21 inches
Best Sellers Rank: #2,219,750 in Books (See Top 100 in Books) #196 in Macroeconomics (Books) #238 in Economic Theory (Books) #325 in Econometrics & Statistics
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