Understanding Dsge Models: Theory And Applications (Vernon Economic Methodology)

Covers the essentials in understanding Dynamic Stochastic General Equilibrium (DSGE) models It begins with a basic Real Business Cycle model and gradually adds: imperfect competition; frictions in prices and wages; habit formation; non-Ricardian agents; adjustment cost in investment; of not using maximum installed capacity; and Government.

• | Author: Celso Jose Costa Junior
• | Publisher: Vernon Press
• | Publication Date: Aug 31, 2016
• | Number of Pages: 286 pages
• | Language: English
• | Binding: Paperback/Business & Economics
• | ISBN-10: 1622731336
• | ISBN-13: 9781622731336