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Economic Growth - Theory and Numerical Solution Methods (Paperback, Softcover reprint of the original 2nd ed. 2014)
Loot Price: R3,086
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Economic Growth - Theory and Numerical Solution Methods (Paperback, Softcover reprint of the original 2nd ed. 2014)
Series: Springer Texts in Business and Economics
Expected to ship within 10 - 15 working days
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This is a book on deterministic and stochastic Growth Theory and
the computational methods needed to produce numerical solutions.
Exogenous and endogenous growth models are thoroughly reviewed.
Special attention is paid to the use of these models for fiscal and
monetary policy analysis. Modern Business Cycle Theory, the New
Keynesian Macroeconomics, the class of Dynamic Stochastic General
Equilibrium models, can be all considered as special cases of
models of economic growth, 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. EXCEL and
Matlab files are provided on an accompanying website (see Preface
to the Second Edition) to illustrate theoretical results as well as
to simulate the effects of economic policy interventions. The
structure of these program files is described in "Numerical
exercise"-type of sections, where the output of these programs is
also interpreted. The second edition corrects a few typographical
errors and improves some notation.
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