Analyses in Macroeconomic Modelling
- List Price: $289.00
- Binding: Hardcover
- Publisher: Kluwer Academic Pub
- Publish date: 09/01/1999
Description:
One: Solution Methods.- 1 Solution Methods and Non-Linear Forward-Looking Models.- 2 From Here to Eternity: The Robustness of Model Solutions to Imperfect Starting Values.- 3 Accelerating Non Linear Perfect Foresight Model Solution by Exploiting the Steady State Linearization.- Two: Rational Expectations and Learning.- 4 Modifying the Rational Expectations Assumption in a Large World Model.- 5 Boundedly versus Procedurally Rational Expectations.- 6 Instrument Rules, Inflation Forecast Rules and Optimal Control Rules when Expectations are Rational.- Three: Macrodynamics.- 7 Asymptotic Hierarchies in an Economic Model.- 8 Computational Methods for Macro Policy Analysis: Hall and Taylor's Models in DUALI.- 9 The Dynamical Analysis of Forward-Looking Models.- Four: Long Run and Closures in Macro Models.- 10 The Long Run in Macro Models: A Guide.- 11 The Sensitivity of Solutions to Terminal Conditions: Simulating Permanent Shocks with QUEST II.- 12 Solving Large Scale Models Under Alternative Policy Closures: the MSG2 Multi-Country Model.- Author Index.
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