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El libro COMPUTATIONAL MACROECONOMICS FOR THE OPEN ECONOMY escrito en español sobre Economía contiene 248 paginas, escritas por el escritor G.C. LIM; PAUL D. MCNELIS , 2008 distribuido por la editoral MIT PRESS

  • Autor G.C. LIM; PAUL D. MCNELIS , 2008
  • Categoria Economía
  • Editorial MIT PRESS
  • Paginas 248
  • ISBN 9780262123068

Breve descripción y sinopsis del libro COMPUTATIONAL MACROECONOMICS FOR THE OPEN ECONOMY

G. C. Lim, Paul D. McNelis

Policymakers need quantitative and qualitative responses to pressing policy issues.

Due to advances in computational methods, quantitative estimates are now derived from consistent non-linear dynamic macroeconomic models that incorporate risk measures and calibrated to capture specific characteristics of real-world situations.

This text shows how these models can be made accessible and operational to address policy issues.

The book begins with a simple configuration based on the price flexibility of market compensation.

It gradually incorporates the deviations from the simple competitive framework in the form of price and wage rigidity, taxes, investment rigidities, financial frictions and the persistence of consumer habits.

Most chapters end with computational exercises; the MATLAB code for the base model can be found in the appendix.

As models evolve, readers are encouraged to modify codes from the first simple model to more complex extensions.

Computational Macroeconomics for the Open Economy can be used by graduate students in economics and finance, as well as policy-oriented researchers.

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