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The ABCs Of RBCs - An Introduction To Dynamic Macroeconomic Models

George McCandless

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The ABCs Of RBCs - An Introduction To Dynamic Macroeconomic Models

by George McCandless
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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
Save up to 43%
Condition guide

Book Condition Guide

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

 

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ISBN: 9780674028142
Author: 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.
 

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.

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