Comments On Farmer And Guo S The Econometrics Of Indeterminacy
DOWNLOAD
Download Comments On Farmer And Guo S The Econometrics Of Indeterminacy PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Comments On Farmer And Guo S The Econometrics Of Indeterminacy book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Business Cycle Models With Indeterminacy
DOWNLOAD
Author : Mark Weder
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Business Cycle Models With Indeterminacy written by Mark Weder and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Three original models which explain business cycles as a result of self-fulfilling expectations are presented. The models are founded on the structure of dynamic general equilibrium theory. Market power and increasing returns to scale are introduced which allow indeterminancy of the Rational Expectations equilibria to be obtained. Unlike the majority of existing literature on this subject, the departures from perfect markets and constant returns presented in these models are very low and, more importantly, at a realistic level to achieve the respective results. It is demonstrated in all of the presented models that stylized facts of the business cycle can be reproduced.
Comments On Farmer And Guo S The Econometrics Of Indeterminacy
DOWNLOAD
Author : S. Rao Aiyagari
language : en
Publisher:
Release Date : 2008
Comments On Farmer And Guo S The Econometrics Of Indeterminacy written by S. Rao Aiyagari and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
I argue that Farmer and Guo's one-sector real business cycle model with indeterminacy and sunspots fails empirically and that its failure is inherent in the logic of the model taken together with some simple labor market facts.
Growth And Business Cycles With Equilibrium Indeterminacy
DOWNLOAD
Author : Kazuo Mino
language : en
Publisher: Springer
Release Date : 2017-07-11
Growth And Business Cycles With Equilibrium Indeterminacy written by Kazuo Mino and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-11 with Business & Economics categories.
Over the past two decades, the issue of equilibrium indeterminacy has been one of the major research concerns in macroeconomic dynamics. Growth and Business Cycles with Equilibrium Indeterminacy discusses the main topics in this literature. Based on comprehensive surveys and the author’s original research, this book explores sunspot-driven fluctuations in real business cycle models, multiple equilibria in endogenous growth models, and the stabilization effects of fiscal and monetary policy rules. The book also considers equilibrium indeterminacy in open economy models.
Solving And Estimating Indeterminate Dsge Models
DOWNLOAD
Author : Mr.Roger Farmer
language : en
Publisher: International Monetary Fund
Release Date : 2013-10-01
Solving And Estimating Indeterminate Dsge Models written by Mr.Roger Farmer and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-01 with Business & Economics categories.
We propose a method for solving and estimating linear rational expectations models that exhibit indeterminacy and we provide step-by-step guidelines for implementing this method in the Matlab-based packages Dynare and Gensys. Our method redefines a subset of expectational errors as new fundamentals. This redefinition allows us to treat indeterminate models as determinate and to apply standard solution algorithms. We provide a selection method, based on Bayesian model comparison, to decide which errors to pick as fundamental and we present simulation results to show how our procedure works in practice.
The Econometrics Of Indeterminacy
DOWNLOAD
Author : Roger E. A. Farmer
language : en
Publisher:
Release Date : 1994
The Econometrics Of Indeterminacy written by Roger E. A. Farmer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business cycles categories.
On The Stability Of The Two Sector Neoclassical Growth Model With Externalities
DOWNLOAD
Author : Berthold Herrendorf
language : en
Publisher:
Release Date : 2002
On The Stability Of The Two Sector Neoclassical Growth Model With Externalities written by Berthold Herrendorf and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Economic development categories.
Nonlinear Dynamics In Equilibrium Models
DOWNLOAD
Author : John Stachurski
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-01-25
Nonlinear Dynamics In Equilibrium Models written by John Stachurski and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-25 with Business & Economics categories.
Optimal growth theory studies the problem of efficient resource allocation over time, a fundamental concern of economic research. Since the 1970s, the techniques of nonlinear dynamical systems have become a vital tool in optimal growth theory, illuminating dynamics and demonstrating the possibility of endogenous economic fluctuations. Kazuo Nishimura's seminal contributions on business cycles, chaotic equilibria and indeterminacy have been central to this development, transforming our understanding of economic growth, cycles, and the relationship between them. The subjects of Kazuo's analysis remain of fundamental importance to modern economic theory. This book collects his major contributions in a single volume. Kazuo Nishimura has been recognized for his contributions to economic theory on many occasions, being elected fellow of the Econometric Society and serving as an editor of several major journals. Chapter “Introduction” is available open access under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License via link.springer.com.
Working Paper Series
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2002
Working Paper Series written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Economics categories.
Quarterly Review Federal Reserve Bank Of Minneapolis
DOWNLOAD
Author : Federal Reserve Bank of Minneapolis
language : en
Publisher:
Release Date : 1996
Quarterly Review Federal Reserve Bank Of Minneapolis written by Federal Reserve Bank of Minneapolis and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Federal Reserve banks categories.
Handbook Of Monetary And Fiscal Policy
DOWNLOAD
Author : Alan A. Rabin
language : en
Publisher: CRC Press
Release Date : 2001-12-19
Handbook Of Monetary And Fiscal Policy written by Alan A. Rabin and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-12-19 with Political Science categories.
Examines the politics of economic policy, focusing on forecasting, inflation, interest rates, market expectations, financial crises, disruptions in global markets, and tax policy, as well as state and local government budgeting, financial management, and policy initiatives for development and growth.