An Introduction to Computational Macroeconomics Economic Methodology 1st Edition by Aneli Bongers,Trinidad Gomez, Jose L Torres ISBN 1622736540 978-1622736546

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Product details:

ISBN 10: 1622736540

ISBN 13: 978-1622736546 

Author: Anelí Bongers, Trinidad Gómez, José Luis Torres

This book presents an introduction to computational macroeconomics, using a new approach to the study of dynamic macroeconomic models. It solves a variety of models in discrete time numerically, using a Microsoft Excel spreadsheet as a computer tool. The solved models include dynamic macroeconomic models with rational expectations, both non-microfounded and microfounded, constituting a novel approach that facilitates the learning and use of dynamic general equilibrium models, which have now become the principal tool for macroeconomic analysis. Spreadsheets are widely known and relatively easy to use, meaning that the computer skills needed to work with dynamic general equilibrium models are affordable for undergraduate students in Advanced Macroeconomics courses.

Table of contents:

Preface

Part I: Basic Dynamic Systems

1. An introduction to computational dynamic systems
2. The dynamic IS-LM model
3. Exchange rate overshooting

Part II: Introduction to Macroeconomic Dynamic General Equilibrium

4. The consumption-saving optimal decision
5. The consumption-saving decision and the consumption-leisure decision
6. The government and the fiscal policy
7. The firm and the investment decision: The Tobin’s Q model
8. The basic dynamic general equilibrium model

Part III: Economic growth

9. The neoclassical model of exogenous growth
10. Ramsey’s optimal growth model

Appendices

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Tags: Aneli Bongers, Trinidad Gomez, Jose L Torres, An Introduction to, Computational Macroeconomics, Economic Methodology