Monetary and Fiscal Policy through a DSGE Lens

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  • Engels
  • Hardcover
  • 9780190076030
  • 15 april 2020
  • 272 pagina's
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Samenvatting

In Monetary and Fiscal Policy Through a DSGE Lens, Harold L. Cole develops and extends versions of a classic quantitative model of economic growth to take on a wide range of topics in monetary and fiscal policy. Bridging the gap between current undergraduate and graduate texts in the field, this comprehensive book covers the basic elements of advanced macroeconomics and equips readers to understand the debate on key policy questions. By using the simple DSGE, or dynamic stochastic general equilibrium, framework to build a series of quantitative models, the book combines a gradual introduction to advanced analytic methods with computer programming and quantitative policy analysis. In a clear discussion of the sophisticated interaction between theory and data, Cole explains how to gauge how well a model captures key elements in the data and how to reverse engineer a model to data. The book covers costs of inflation, optimal monetary policy, the impact of labor and capital taxes, and optimal fiscal policy. It systematically discusses technical material including the new Keynesian liquidity shock models, standard analytic methods, such as Lagrangian methods, and computational methods using Matlab and Python. With a strong computational emphasis, the volume teaches how to program up and solve systems of non-linear equations and develop models to study the macroeconomy. Knowing how to deeply understand and analyze models and develop computational code to evaluate the implications of those models is essential for students of macroeconomics. This book connects the standard undergraduate material to the elaborate models of advanced graduate courses with systematic and logical coverage of the basics of advanced modern macroeconomics.

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Inhoud

Taal
en
Bindwijze
Hardcover
Oorspronkelijke releasedatum
15 april 2020
Aantal pagina's
272
Illustraties
Nee

Betrokkenen

Hoofdauteur
Harold L. Cole
Hoofduitgeverij
Oxford University Press Inc

Overige kenmerken

Extra groot lettertype
Nee
Product breedte
164 mm
Product hoogte
21 mm
Product lengte
239 mm
Studieboek
Ja
Verpakking breedte
164 mm
Verpakking hoogte
21 mm
Verpakking lengte
239 mm
Verpakkingsgewicht
0.66 kg

EAN

EAN
9780190076030

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