Understanding DSGE Models: Theory and Applications

Celso Jose Costa Junior

ISBN 10: 1622730380 ISBN 13: 9781622730384

Published by Vernon Press, 2016

Language: English

Condition: New Hardcover

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Bibliographic Details

Title

Understanding DSGE Models: Theory and Applications

Publisher

Vernon Press

Publication Date

2016

Language

English

ISBN 10

1622730380

ISBN 13

9781622730384

Binding

Hardcover

Condition

New

Seller catalogs

About this title

Synopsis

While the theoretical development of DSGE models is not overly difficult to understand, practical application remains somewhat complex. The literature on this subject has some significant obscure points. This book can be thought of, firstly, as a tool to overcome initial hurdles with this type of modeling. Secondly, by showcasing concrete applications, it aims to persuade incipient researchers to work with this methodology. In principle, this is not a book on macroeconomics in itself, but on tools used in the construction of this sort of models. It strives to present this technique in a detailed manner, thereby providing a step by step course intended to walk readers through this otherwise daunting process. The book begins with a basic Real Business Cycle model. Subsequently various frictions are gradually incorporated into a standard DSGE model: imperfect competition; frictions in prices and in wages; habit formation; non-Ricardian agents; adjustment cost in investment; costs of not using the maximum installed capacity; and finally, Government.

About the Author

Celso Costa is Lecturer and Associated Researcher at the Brazilian Macro Center - S�o Paulo School of Economics (EESP) FGV recognized as one of the top schools of economics in Latin America. And Adjunct Professor at Universidade Estadual de Ponta Grossa - UEPG. Prior to his present roles, he completed a Post-doctorate in Economics at EESP. He holds a PhD in Economic Development from Universidade Federal do Paran� - UFPR, a Masters degree in Economics from Universidade Estadual Paulista UNESP and a Bachelor degree in Geophysics from Universidade de S�o Paulo USP.

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