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Economic Growth - Theory and Numerical Solution Methods (Paperback, 3rd ed. 2022)
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Economic Growth - Theory and Numerical Solution Methods (Paperback, 3rd ed. 2022)
Series: Springer Texts in Business and Economics
Expected to ship within 10 - 15 working days
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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.
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