Umfang:
1 Online-Ressource (viii, 268 Seiten)
,
Diagramme
ISBN:
9780190076061
Inhalt:
Well-suited to an advanced course in macroeconomics, Monetary and Fiscal Policy Through a DSGE Lens covers monetary economics and fiscal policy in depth by developing a series of models based on the DSGE (dynamic stochastic general equilibrium) framework. Harold L. Cole combines a gradual introduction to advanced analytic methods with computer programming of DSGE models and quantitative model-based policy analysis.
Inhalt:
Cover -- Monetary and Fiscal Policy through a DSGE Lens -- Copyright -- Contents -- Chapter: 1 Introduction -- Part 1: Money in a DSGE Model -- Chapter 2: The Cash-in-Advance Model-First Step -- 1. The Household's Problem -- 1.1. Household's Within-Period Problem -- 1.1.1. Consumption -- 1.1.2. Labor -- 1.1.3. Comparative Statics Consumption -- 2. The Asset Market -- Chapter 3: The Cash-in-AdvanceModel-Second Step -- 1. Closing The Model -- 1.1. Steady State 1 -- 1.2. Solving for the Steady State -- 1.3. Multipliers in the Steady State -- 2. Optimal Policy -- 3. Quantitative Analysis -- 3.1. Quantitative Section 1 -- 3.2. Accounting for Growth -- 3.3. Consumption Equivalence with Growth -- Chapter 4: Some Interesting Extensions -- 1. Varying Velocity -- 1.1. How Do Equation Solvers Work? -- 1.2. Computing the Solution with Velocity -- 2. Negative Interest Rates -- 3. Elastic Money Demand -- 3.1. Our First Calibration Exercise -- Chapter 5: The Cash-in-Advance Model-Third Step -- 1. Some Statistics -- 1.1. Markov Process -- 2. The Stochastic Model -- 2.1. The Household's Problem -- 2.2. The Equilibrium -- Chapter 6: The Statistical Model -- 1. Some More Statistics -- 2. Developing The Statistical Model -- 2.1. Part 1: The Reduced Model -- 2.2. The Code -- 2.2.1. Nonstationary Random Variables -- 3. Our Model Goes to Monte Carlo -- Chapter 7: Some History -- Chapter 8: Measurement Error and Our Data -- Chapter 9: Money Supply Rule sand Interest Rate Rules -- 1. Augmented Model -- 2. Money Supply Rules -- 3. Inflation Targeting -- 4. Interest Rate Rules -- Chapter 10: Price-Setting and Information Frictions -- 1. Price Setting -- 1.1. Deriving the Demand Function -- 1.2. Optimal Price Setting -- 1.3. Reconstructing the Fundamental Equation -- 2. Adding A Timing Change + An Information Friction -- 2.1. New Timing -- 2.2. Information Change.
Weitere Ausg.:
ISBN 9780190076030
Weitere Ausg.:
Erscheint auch als Druck-Ausgabe Cole, Harold L., 1957 - Monetary and fiscal policy through a DSGE lens New York, NY : Oxford University Press, 2020 ISBN 9780190076030
Weitere Ausg.:
ISBN 9780190076047
Sprache:
Englisch
Fachgebiete:
Wirtschaftswissenschaften
Schlagwort(e):
Makroökonomie
;
Fiskalpolitik
;
Geldpolitik
;
Gleichgewichtsmodell
;
Lehrbuch
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