Stochastic dynamic macroeconomics : theory and empirical evidence / Gang Gong, Willi Semmler.
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TextPublication details: Oxford ; New York : Oxford University Press, 2006.Description: viii, 202 p. : ill. ; 24 cmISBN: - 0195301625
- 339.01'5195 22
- HB172.5 .G66 2006
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| 3384.91'172'4 DEV Development Financing: | 339.011'09669 CEN Macroeconometric model of the Nigerian economy / | 339.011'09669 CEN Macroeconometric model of the Nigerian economy / | 339.01'5195 GON Stochastic dynamic macroeconomics : | 339.01'5195 MCC The ABCs of RBCs : | 339.2'01'51 CRE Modelling income distribution / | 339.2'0947 MIL Income,iInequality, and poverty during the transition from planned to market economy / |
Includes bibliographical references (p. 189-199) and index.
The book provides an interesting and readable discusion of alternative paradigms in macro economics, and illustrates the failure of the Dynamic General Equilibruim models when based on estimated parameters as compared to calibrated values.
nmn 02/05/13
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