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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| 339.01'51135 LJU Recursive macroeconomic theory / | 339.01'5195 BEN The macroeconomics of imperfect competition and nonclearing markets : | 339.01'5195 GLO Global and national macroeconometric modelling : | 339.01'5195 GON Stochastic dynamic macroeconomics : | 339.01'5195 MCC The ABCs of RBCs : | 339.2'01'51 CRE Modelling income distribution / | 339.2'09669 OGU Nigeria's second experiment in price (income) regulation / |
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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