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Synopsis
This book assesses the validity of approximating mathematical functions to simplify complex economic models. The author uses a specific type of economic model known as the Real Business Cycle (RBC) model as a case study. By comparing the results of RBC models using both exact and approximate techniques, the author provides insights into the accuracy of this approximation method. The book delves into the nuances of model construction, highlighting the advantages and limitations of the approximation approach. It provides a comprehensive evaluation of the approximation's effects on the model's outcomes, such as standard deviations and correlations of key economic variables. This exploration is significant because it guides researchers in selecting appropriate methods for their economic models, ensuring reliable and meaningful results.
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On Some Computational Aspects of Real Business Cycle Theory (Classic Reprint)
Print on DemandSeller: Forgotten Books, London, United Kingdom
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Paperback. Condition: New. Print on Demand. This book assesses the validity of approximating mathematical functions to simplify complex economic models. The author uses a specific type of economic model known as the Real Business Cycle (RBC) model as a case study. By comparing the results of RBC models using both exact and approximate techniques, the author provides insights into the accuracy of this approximation method. The book delves into the nuances of model construction, highlighting the advantages and limitations of the approximation approach. It provides a comprehensive evaluation of the approximation's effects on the model's outcomes, such as standard deviations and correlations of key economic variables. This exploration is significant because it guides researchers in selecting appropriate methods for their economic models, ensuring reliable and meaningful results. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781334539107_0
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On Some Computational Aspects of Real Business Cycle Theory Classic Reprint
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
Seller rating 5 out of 5 stars
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781334539107
Quantity: 15 available
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On Some Computational Aspects of Real Business Cycle Theory Classic Reprint
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
Seller rating 5 out of 5 stars
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781334539107
Quantity: 15 available