Dynamic Stochastic General Equilibrium Modelling

Language: English

Published by LAP LAMBERT Academic Publishing Sep 2011, 2011

3845431016 / 9783845431017

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Seller: BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, GermanyBuchWeltWeit Ludwig Meier e.K.

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This item is printed on demand - it takes 3-4 days longer - Neuware -Recent episodes of financial turmoil have highlighted the need to understand how large external shocks are propagated in small open economies. This is particularly relevant in emerging economies, since these economies face additional vulnerabilities that make them very different from advanced economies. Indeed, they usually display weak fiscal, monetary and financial institutional frameworks, and have imperfect access to capital markets. This book studies Dynamic Stochastic General Equilibrium modelling and empirical applications to developed/developing economies. It consists of four self-contained chapters. Chapter 1 sets out a benchmark model with persistence mechanisms and reviews the underlying estimation/validation methods. Chapter 2 studies the relevance of direct supply side effects of monetary policy by introducing the presence of a cost channel of monetary transmission and allowing for non-separability of money and consumption in the household s utility. Chapters 3 and 4 model dollarization, as well as financial frictions including a financial accelerator , where capital financing is partly or totally in foreign currency as in Gertler et al. (2003) and Gilchrist (2003). 280 pp. Englisch.…

Seller Inventory # 9783845431017

Title
Dynamic Stochastic General Equilibrium Modelling
Author
Bo Yang
Publisher
LAP LAMBERT Academic Publishing Sep 2011
Publication year
2011
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3845431016
ISBN 13
9783845431017
Item weight
435 grams
Dimensions
220x150x17 mm

BuchWeltWeit Ludwig Meier e.K.

Bergisch Gladbach, Germany

5-star seller

AbeBooks seller since January 11, 2012

Shipping rates from Germany to U.S.A.

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BuchWeltWeit Ludwig Meier e.K.

Germany