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The ABCs Of RBCs - An Introduction To Dynamic Macroeconomic Models

by George McCandless
$11.90 Now $6.90 Save 42% more
The ABCs Of RBCs - An Introduction To Dynamic Macroeconomic Models - Thryft
The ABCs Of RBCs - An Introduction To Dynamic Macroeconomic Models - Thryft

Macro model building for economic practitioners.

This book is a must-read for anyone interested in understanding the mechanics of macroeconomic models. McCandless breaks down complex concepts into easily understandable terms, providing step-by-step instructions on how to build and solve real business cycle models. With the inclusion of Matlab code, readers can quickly implement and experiment with their own models. Whether you're an economist or a student, this book equips you with the tools to navigate the world of macroeconomics and gain a deeper understanding of the factors driving economic fluctuations.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.
Sale

The ABCs Of RBCs - An Introduction To Dynamic Macroeconomic Models

by George McCandless
$11.90 Now $6.90 Save 42% more
ISBN: 9780674028142
Authors: George McCandless
Publisher: Harvard University Press
Date of Publication: 2008-03-31
Format: Hardcover
Related Collections: Economics, Science
Related Topics: Finance, Social Science, Society, Economics, Mathematics, Computers
Goodreads rating: 3.82
(rated by 17 readers)

Description

The ABCs of RBCs is the first book to provide a basic introduction to Real Business Cycle (RBC) and New-Keynesian models. These models argue that random shocks―new inventions, droughts, and wars, in the case of pure RBC models, and monetary and fiscal policy and international investor risk aversion, in more open interpretations―can trigger booms and recessions and can account for much of observed output volatility.George McCandless works through a sequence of these Real Business Cycle and New-Keynesian dynamic stochastic general equilibrium models in fine detail, showing how to solve them, and how to add important extensions to the basic model, such as money, price and wage rigidities, financial markets, and an open economy. The impulse response functions of each new model show how the added feature changes the dynamics.The ABCs of RBCs is designed to teach the economic practitioner or student how to build simple RBC models. Matlab code for solving many of the models is provided, and careful readers should be able to construct, solve, and use their own models.In the tradition of the “freshwater” economic schools of Chicago and Minnesota, McCandless enhances the methods and sophistication of current macroeconomic modeling.
Condition guide

Book Condition Guide

Books in Like New Condition

This book may contain very minor cosmetic defects, but it is in pristine condition. There should be no yellowing, no foxing, no water damage, and no annotations of any kind on the cover and the pages. For paperbacks, there should not be any crease marks on the spine. This book is good as new — lucky you!

*Books may be missing bundle media (e.g. CD, e-book code), if included.

Books in Very Good Condition

This book has been used, but it is still in a clean condition. There should be no foxing or annotations of any kind on the inner pages, but a sparse amount may be present on the cover, title pages, or outside edges of the book. There should be no water damage of any kind. For paperbacks, there may be light crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

Books in Good Condition

We do our best to ensure the quality of our books, but there is no escaping the wear and tear that comes with time. Slight foxing and some annotations may be present on the pages and the cover. There should be no water damage of any kind. For paperbacks, there may be several crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

Books in Well Read Condition

This is a well-read book, which means that the previous owner probably really enjoyed it! The cover and pages may include moderate foxing and annotations, but the text is not obscured and still readable. Moderate cosmetic defects and minor water damage may be present on the edges of the book. For paperbacks, there may be multiple crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

 

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Similar Reads

Macro model building for economic practitioners.

This book is a must-read for anyone interested in understanding the mechanics of macroeconomic models. McCandless breaks down complex concepts into easily understandable terms, providing step-by-step instructions on how to build and solve real business cycle models. With the inclusion of Matlab code, readers can quickly implement and experiment with their own models. Whether you're an economist or a student, this book equips you with the tools to navigate the world of macroeconomics and gain a deeper understanding of the factors driving economic fluctuations.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.