Economic Growth: Theory And Numerical Solution Methods by Alfonso NovalesEconomic Growth: Theory And Numerical Solution Methods by Alfonso Novales

Economic Growth: Theory And Numerical Solution Methods

byAlfonso Novales, Esther Fernández, Jes Ruiz

Paperback | September 17, 2016

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This is a book on deterministic and stochastic Growth Theory and the computational methods needed to produce numerical solutions. Exogenous and endogenous growth models are thoroughly reviewed. Special attention is paid to the use of these models for fiscal and monetary policy analysis. Modern Business Cycle Theory, the New Keynesian Macroeconomics, the class of Dynamic Stochastic General Equilibrium models, can be all considered as special cases of models of economic growth, and they can be analyzed by the theoretical and numerical procedures provided in the textbook.

Analytical discussions are presented in full detail. The book is self contained and it is designed so that the student advances in the theoretical and the computational issues in parallel. EXCEL and Matlab files are provided on an accompanying website (see Preface to the Second Edition) to illustrate theoretical results as well as to simulate the effects of economic policy interventions. The structure of these program files is described in "Numerical exercise"-type of sections, where the output of these programs is also interpreted. The second edition corrects a few typographical errors and improves some notation.

Alfonso Novales is Professor of Economics at the Department of Quantitative Economics at Universidad Complutense (Madrid). He holds a Ph.D. in Economics from University of Minnesota and a Ph.D. in Mathematics from Universidad del Pais Vasco. After graduation, he was Assistant Professor at State University of New York (Stony Brook). He ...
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Title:Economic Growth: Theory And Numerical Solution MethodsFormat:PaperbackDimensions:558 pages, 23.5 × 15.5 × 0.17 inPublished:September 17, 2016Publisher:Springer NatureLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:3662518708

ISBN - 13:9783662518700

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Table of Contents

Introduction.- The Neoclassical Growth Model Under a Constant Savings Rate.- Optimal Growth. Continuous Time Analysis.- Optimal Growth. Discrete Time Analysis.- Numerical Solution Methods.- Endogenous Growth Models.- Additional Endogenous Growth Models.- Growth in Monetary Economies: Steady-State Analysis of Monetary Policy.- Transitional Dynamics in Monetary Economies: Numerical Solutions.- Mathematical Appendix.