Dynamic Economics: Quantitative Methods and Applications

Book Description

This book is an effective, concise text for students and researchers that combines the tools of dynamic programming with numerical techniques and simulation-based econometric methods. Doing so, it bridges the traditional gap between theoretical and empirical research and offers an integrated framework for studying applied problems in macroeconomics and microeconomics.

In part I the authors first review the formal theory of dynamic optimization; they then present the numerical tools and econometric techniques necessary to evaluate the theoretical models. In language accessible to a reader with a limited background in econometrics, they explain most of the methods used in applied dynamic research today, from the estimation of probability in a coin flip to a complicated nonlinear stochastic structural model. These econometric techniques provide the final link between the dynamic programming problem and data. Part II is devoted to the application of dynamic programming to specific areas of applied economics, including the study of business cycles, consumption, and investment behavior. In each instance the authors present the specific optimization problem as a dynamic programming problem, characterize the optimal policy functions, estimate the parameters, and use models for policy evaluation.

The original contribution of Dynamic Economics: Quantitative Methods and Applications lies in the integrated approach to the empirical application of dynamic optimization programming models. This integration shows that empirical applications actually complement the underlying theory of optimization, while dynamic programming problems provide needed structure for estimation and policy evaluation.

Dynamic General Equilibrium Modelling: Computational Methods and Applications

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Dynamic General Equilibrium Modelling: Computational Methods and Applications
Burkhard Heer , and Alfred Maußner
Manufacturer: Springer
ProductGroup: Book
Binding: Hardcover

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Similar Items:

Numerical Methods in Economics
Computational Methods for the Study of Dynamic Economies
Recursive Macroeconomic Theory, 2nd Edition
Methods for Applied Macroeconomic Research
Structural Macroeconometrics

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Infinite Dimensional Analysis: A Hitchhiker's Guide
Aggregation, Efficiency, and Measurement (Studies in Productivity and Efficiency)

ASIN: 354022095X

Book Description

Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. Many mathematical tools are needed to solve these models. The book presents various methods for computing the dynamics of general equilibrium models. In part I, the representative-agent stochastic growth model is solved with the help of value function iteration, linear and linear quadratic approximation methods, parameterised expectations and projection methods. In order to apply these methods, fundamentals from numerical analysis are reviewed in detail. Part II discusses methods for solving heterogeneous-agent economies. In such economies, the distribution of the individual state variables is endogenous. This part of the book also serves as an introduction to the modern theory of distribution economics. Applications include the dynamics of the income distribution over the business cycle or the overlapping-generations model. Through an accompanying home page to this book, computer codes to all applications can be downloaded.

Advances in Dynamic Game Theory: Numerical Methods, Algorithms, and Applications to Ecology and Economics (Annals of the International Society of Dynamic Games)

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Advances in Dynamic Game Theory: Numerical Methods, Algorithms, and Applications to Ecology and Economics (Annals of the International Society of Dynamic Games)

Manufacturer: Birkhäuser Boston
ProductGroup: Book
Binding: Hardcover

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A Course in Derivative Securities: Introduction to Theory and Computation (Springer Finance)
Game Theory: Decisions, Interaction and Evolution (Springer Undergraduate Mathematics Series)

ASIN: 0817643990

Book Description

This collection of selected contributions gives an account of recent developments in dynamic game theory and its applications, covering both theoretical advances and new applications of dynamic games in such areas as pursuit-evasion games, ecology, and economics. Written by experts in their respective disciplines, the chapters are an outgrowth of presentations from the 11th International Symposium on Dynamic Games and Applications.

Key topics covered include:

* stochastic and differential games

* dynamic games and their applications in various areas, such as ecology and economics

* numerical methods and algorithms in dynamic games

* zero- and nonzero-sum games

* pursuit-evasion games

* evolutionary game theory and applications

The work will serve as a state-of-the art account of recent advances in dynamic game theory and its applications for researchers, practitioners, and advanced students in applied mathematics, mathematical finance, and engineering.

Computational Methods for the Study of Dynamic Economies

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not well-written
I agree
A complete survey of how to solve dynamic economies

Computational Methods for the Study of Dynamic Economies

Manufacturer: Oxford University Press, USA
ProductGroup: Book
Binding: Hardcover

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Numerical Methods in Economics
Dynamic General Equilibrium Modelling: Computational Methods and Applications
Dynamic Economics: Quantitative Methods and Applications
Applied Computational Economics and Finance
Frontiers of Business Cycle Research

ASIN: 0198294972

Book Description

Macroeconomics increasingly uses stochastic dynamic general equilibrium models to understand theoretical and policy issues. Unless very strong assumptions are made, understanding the properties of particular models requires solving the model using a computer. This volume brings together leading contributors in the field who explain in detail how to implement the computational techniques needed to solve dynamic economics models. A broad spread of techniques are covered, and their application in a wide range of subjects discussed. The book provides the basics of a toolkit which researchers and graduate students can use to solve and analyse their own theoretical models.

Customer Reviews:

not well-written.......2002-01-12

I need to do some parameterized expectation work. I read Chapter 7. It is not well-written. The authors first introduce the general framework, and then introduce a series of examples. People would be stuck at the general framework part. They don't know WHY do we do that.

A better way to introduce this method would be to use one or two completely worked out examples, paying particular attention to explain the ideas behind doing what we are doing. This way people will know the ideas behind the method, even though not necessarily the general framework (who need to know the general framework anyway?) Then introduce the general framework, and more examples.

I agree.......2000-09-22

with the reviewer from Chile. This is a very good book covering a fairly wide range of material at a level that is surprisingly accessible. It is well edited, and makes solid use of the internet to provide programs for buyers to download and try for themselves. Highly recommended.

A complete survey of how to solve dynamic economies.......2000-09-13

This book has the merit of collecting many major recent contributions from authors that continuosly make serious research in numerical and computational methods of solving the now basic problems we face in macroeconomics principally (but that serves in other areas in economics too), that put them in a simple theoretic and practical way for the economist. It perfectly serves as an introductory book for graduate studies in this area and as an complete reference book for further research.

Dynamic Feature Space Modelling Filtering and Self-Tuning Control Stochastic Systems: A Systems Approach With Economic and Social Applications (Lecture Notes in Economics and Mathematical Systems)

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Dynamic Feature Space Modelling Filtering and Self-Tuning Control Stochastic Systems: A Systems Approach With Economic and Social Applications (Lecture Notes in Economics and Mathematical Systems)
Pieter W. Otter
Manufacturer: Springer
ProductGroup: Book
Binding: Paperback

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Dynamic Model Development: Methods, Theory and Applications, Volume 16 (Computer Aided Chemical Engineering)

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Dynamic Model Development: Methods, Theory and Applications, Volume 16 (Computer Aided Chemical Engineering)

Manufacturer: Elsevier Science
ProductGroup: Book
Binding: Hardcover

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Manager's Guides to Computing | Business & Culture | Computers & Internet | Subjects | Books

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ASIN: 0444514651

Book Description

Detailed mathematical models are increasingly being used by companies to gain competitive advantage through such applications as model-based process design, control and optimization. Thus, building various types of high quality models for processing systems has become a key activity in Process Engineering. This activity involves the use of several methods and techniques including model solution techniques, nonlinear systems identification, model verification and validation, and optimal design of experiments just to name a few. In turn, several issues and open-ended problems arise within these methods, including, for instance, use of higher-order information in establishing parameter estimates, establishing metrics for model credibility, and extending experiment design to the dynamic situation.

The material covered in this book is aimed at allowing easier development and full use of detailed and high fidelity models. Potential applications of these techniques in all engineering disciplines are abundant, including applications in chemical kinetics and reaction mechanism elucidation, polymer reaction engineering, and physical properties estimation. On the academic side, the book will serve to generate research ideas.

- Contains wide coverage of statistical methods applied to process modelling
- Serves as a recent compilation of dynamic model building tools
- Presents several examples of applying advanced statistical and modelling methods to real process systems problems

Foundations of Mathematical System Dynamics: The Fundamental Theory of Causal Recursion and Its Application to Social Science and Economics (Ifsr in)

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Foundations of Mathematical System Dynamics: The Fundamental Theory of Causal Recursion and Its Application to Social Science and Economics (Ifsr in)
Arvid Aulin
Manufacturer: Pergamon
ProductGroup: Book
Binding: Hardcover

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ASIN: 0080369642

Methods and Applications of Economic Dynamics (Contributions to Economic Analysis)

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Methods and Applications of Economic Dynamics (Contributions to Economic Analysis)

Manufacturer: North Holland
ProductGroup: Book
Binding: Hardcover

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ASIN: 0444814655

Book Description

A discussion of various aspects of dynamic behavior of empirical macroeconomic, and in particular, macroeconometric models, is presented in this book. The book addresses in depth several theoretical and practical aspects concerning the modeling and analysis of long-run equilibrium behavior, adjustment dynamics and stability. Tools are developed to identify and interpret the main determinants of the dynamics of models. The tools involve, among others, error-correction mechanisms, eigenvalue analysis, feedback closure rules, graph theory, learning behavior, steady-state analysis, and stochastic simulation. Their usefulness is demonstrated by interesting applications to a number of well-known national and multi-national models.

Dynamic State Variable Models in Ecology: Methods and Applications. (Books Reviewed).(Book Review) (book review): An article from: American Journal of Agricultural Economics

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Dynamic State Variable Models in Ecology: Methods and Applications. (Books Reviewed).(Book Review) (book review): An article from: American Journal of Agricultural Economics
J. Barkley, Jr. Rosser
Manufacturer: American Agricultural Economics Association
ProductGroup: Book
Binding: Digital
ASIN: B0008DEIPM
Release Date: 2005-07-31

Book Description

This digital document is an article from American Journal of Agricultural Economics, published by American Agricultural Economics Association on May 1, 2003. The length of the article is 958 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Dynamic State Variable Models in Ecology: Methods and Applications. (Books Reviewed).(Book Review) (book review)
Author: J. Barkley, Jr. Rosser
Publication: American Journal of Agricultural Economics (Refereed)
Date: May 1, 2003
Publisher: American Agricultural Economics Association
Volume: 85 Issue: 2 Page: 520(2)

Article Type: Book Review

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Application of weighted residual methods to dynamic economic models (Research Department staff report / Federal Reserve Bank of Minneapolis)

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Application of weighted residual methods to dynamic economic models (Research Department staff report / Federal Reserve Bank of Minneapolis)
Ellen R McGrattan
Manufacturer: Federal Reserve Bank of Minneapolis, Research Dept
ProductGroup: Book
Binding: Unknown Binding

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ASIN: B0006QOX7E

Book Description

Donald Keene employs his prodigious wealth of knowledge, critical insight, and narrative aplomb to guide readers through the first nine hundred years of Japanese literature -- a period that not only defined the unique properties of Japanese prosody and prose but also produced some of its greatest works. Covering courtly fiction, Buddhist writings, war tales, diaries, poems, and more, Seeds in the Heart explores a vast and variegated treasury of writings. Detailed textual examinations of classic texts -- from the Kojiki to The Tale of Genji, from The Pillow Book of Sei Shônagon to Zeami's Nô plays -- allow students, lay readers, and scholars a new understanding and enjoyment of this great literature.

Customer Reviews:

Standard English Survey of Early Japanese Literature.......2005-06-28

Even if we make allowance for the impressive multi-volume literary histories of Konishi Jin'ichi and Kato Shuichi (as the first reader [1997] has noted), Professor Keene's four-volume opus is surely now the standard English general survey of Japanese literature. Seeds in the Heart, the last volume to be published, covers the very earliest period -- from the Record of Ancient Matters (712) to the "Late Sixteenth Century," spanning some 9 centuries. That leaves 3 volumes for the next four centuries, an indication of the author's personal leanings.

Of course, we all have our own preferences. Since I happen to be interested in Tale Literature (setsuwa), I feel that out of the book's 1265 pages devoted to the early period, setsuwa might have been given a bit more space than the 41 pages between p. 568 and p. 609 (see below). Others will doubtless have a different take; so I think it will be useful to the potential buyer/reader to see what is offered in the table of contents, along with the pagination.

Preface xiii, Introduction 1
EARLY AND HEIAN LITERATURE: 1. The Kojiki 33; 2. Writings in Chinese of the Nara Period 62; 3. The Man'yoshu 85; 4. Poetry and Prose in Chinese of the Early Heian Period 181; 5. The Transition from the Man'yoshu to the Kokinshu 218; 6. The Kokinshu 245; 7. Late Heian Collections of Waka Poetry 277; 8. Late Heian Poetry and Prose in Chinese 341; 9. Heian Diaries 358; 10. The Pillow Book of Sei Shonagon 412; 11. The Beginnings of Fiction 433; 12. The Tale of Genji 477; 13. Courtly Fiction After The Tale of Genji 515; 14. Mirrors of History 551; 15. Tale Literature 568.

THE MIDDLE AGES: Introduction 609; 16. Tales of Warfare 613; 17. The Age of the Shin Kokinshu 643; 18. Waka Poetry of the Kamakura and Muromachi Periods 699; 19. Buddhist Writings of the Kamakura Period 749; 20. Courtly Fiction of the Kamakura Period 789; 21. Diaries of the Kamakura Period 825; 22. Essays In Idleness 852; 23. Medieval War Tales 868; 24. Renga 921; 25. Diaries and Other Prose of the Muromachi Period 971; 26. No and Kyogen as Literature 999; 27. Literature of the Five Mountains 1062; 28. Muromachi Fiction: Otogi-Zoshi 1092; 29. The Late
Sixteenth Century; Glossary 1176; Selected List of Translations into English 1184; Index 1189.

. . . in short, a highly informative, useful resource which I recommend to anyone curious about early Japanese literature.

A general history that sometimes runs astray.......1999-04-30

Of the few books on Japanese literary history available in English, this volume is perhaps the best available. So much so that it inspired a widely acclaimed Japanese translation. However, the majority of the ideas presented keep within excepted standards, and when Keene's insight starts to become apparent the subject changes before a thorough explanation is given, even in places where such an explanation would be considered neccisary. This, however, is the only weak point of this book, although it is a major drawback.

A work of genius.......1997-08-07

Keene has written a book that, though using an immense range of Japanese scholarly sources, is easily accessible to the interested reader.
His narrative style is clear and appealing.
He not only describes the Japanese classical literary canon, and quotes large chunks of it, but also evaluates the poetry and prose he treats with a careful and cultivated aesthetic sensibility.
The book is a delight to read.
Nothing like it exists on Japanese literature in the English language.

Konishi Jin'ichi's literary history is designed for specialists, and Kato Shuichi's similar 3-volume history does not have the depth and breadth of Keene's book with its characteristic attention to detail as Kato wrote his study mainly with Japanese readers in mind.
In short, 'Seeds in The Heart" is the culmination of a lifetime's scholarship, and provides an extraordinarily moving feast for readers

SEEDS IN THE HEART: JAPANESE LITERATURE FROM EARLIEST TIMES TO THE LATE SIXTEENTH CENTURY
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SEEDS IN THE HEART: JAPANESE LITERATURE FROM EARLIEST TIMES TO THE LATE SIXTEENTH CENTURY
Donald Keene
Manufacturer: Henry Holt & Co
ProductGroup: Book
Binding: Paperback
ASIN: B000NXI952

Seeds in the heart; Japanese literature from earliest times to the late Sixteenth Century.
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Seeds in the heart; Japanese literature from earliest times to the late Sixteenth Century.
Donald Keene
Manufacturer: New York, Henry Holt,
ProductGroup: Book
Binding: Hardcover
ASIN: B000OUPS1C

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