Economic Dynamics
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Economic Dynamics
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Author : Giancarlo Gandolfo
language : en
Publisher: Springer Science & Business Media
Release Date : 1997
Economic Dynamics written by Giancarlo Gandolfo and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.
Treating the mathematical methods used in the economic dynamics, this book shows how they are utilised to build and analyse dynamical models. Accordingly, the focus is on the methods, and every new mathematical technique introduced is followed by its application to select economic models. The mathematical methods coveredc range from elementary linear difference and differential equations and simultaneous systems to the qualitative analysis of non-linear dynamical systems. Stability considerations are stressed throughout, including many advanced topics. Bifurcation and chaos theory are also dealt with. The reader is guided through a step-by-step analysis of each topic, be it a mathematical method or an economic model. The Study Edition also provides the reader with solutions to the numerous exercises.
Economic Dynamics In Discrete Time Second Edition
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Author : Jianjun Miao
language : en
Publisher: MIT Press
Release Date : 2020-03-03
Economic Dynamics In Discrete Time Second Edition written by Jianjun Miao and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-03-03 with Business & Economics categories.
A unified and comprehensive introduction to the analytical and numerical tools for solving dynamic economic problems; substantially revised for the second edition. This book offers a unified, comprehensive, and up-to-date treatment of analytical and numerical tools for solving dynamic economic problems. The focus is on introducing recursive methods—an important part of every economist's set of tools—and readers will learn to apply recursive methods to a variety of dynamic economic problems. The book is notable for its combination of theoretical foundations and numerical methods. Each topic is first described in theoretical terms, with explicit definitions and rigorous proofs; numerical methods and computer codes to implement these methods follow. Drawing on the latest research, the book covers such cutting-edge topics as asset price bubbles, recursive utility, robust control, policy analysis in dynamic New Keynesian models with the zero lower bound on interest rates, and Bayesian estimation of dynamic stochastic general equilibrium (DSGE) models. This second edition has been substantially updated. Responding to renewed interest in modeling with multiple equilibria, it incorporates new material on this topic throughout. It offers an entirely new chapter on deterministic nonlinear systems, and provides new material on such topics as linear planar systems, chaos, bifurcations, indeterminacy and sunspot solutions, pruning nonlinear solutions, the bandit problem, rational inattention models, bequests, self-fulfilling prophecies, the cyclical behavior of unemployment and vacancies, and the long-run risk model. The exposition of each chapter has been revised and improved, and many new figures, Matlab codes, and exercises have been added. A student solutions manual can be purchased separately.
Economic Dynamics Trade And Growth
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Author : A.P. Thirlwall
language : en
Publisher: Springer
Release Date : 2015-12-31
Economic Dynamics Trade And Growth written by A.P. Thirlwall and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-31 with Business & Economics categories.
Sir Roy Harrod was one of the foremost economists of the twentieth century who made pioneering contributions in several branches of economics including: trade cycle theory; growth theory; trade theory; monetary economics; imperfect competition theory, and methodology. This volume arises out of a conference to celebrate the sixtieth anniversary of the publication of his book The Trade Cycle in 1936. After an introductory essay by Walter Eltis, a student of Harrod, this volume contains important essays on the interpretation of Harrod's work in the field of economic dynamics by Danial Besomi and Maurizio Pugno, and in the field of trade and growth by Tony Thirlwall, John McCombie and Luca Bendictis. Finally, Warren Young, in the process of writing Harrod's biography, uses correspondence between Harrod and Haberler to elucidate Harrod's views on trade theory, international monetary reform and inflation.
Economic Dynamics And Information
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Author : Jaroslav Zajac
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-08-01
Economic Dynamics And Information written by Jaroslav Zajac and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-08-01 with Business & Economics categories.
This book analyzes the existence of equilibria in economies having a measured space of agents and a continuum of agents and commodities. Excessive homogeneity with respect to agent productivity leads to instability and non-uniqueness of a given stationary state and the indeterminacy of the corresponding stationary state equilibrium. Sufficient heterogeneity leads to global saddle-path stability, uniqueness of a given stationary state and the global uniqueness of the corresponding equilibrium.
Economic Dynamics Second Edition
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Author : John Stachurski
language : en
Publisher: MIT Press
Release Date : 2022-08-16
Economic Dynamics Second Edition written by John Stachurski and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-08-16 with Business & Economics categories.
The second edition of a rigorous and example-driven introduction to topics in economic dynamics that emphasizes techniques for modeling dynamic systems. This text provides an introduction to the modern theory of economic dynamics, with emphasis on mathematical and computational techniques for modeling dynamic systems. Written to be both rigorous and engaging, the book shows how sound understanding of the underlying theory leads to effective algorithms for solving real-world problems. The material makes extensive use of programming examples to illustrate ideas, bringing to life the abstract concepts in the text. Key topics include algorithms and scientific computing, simulation, Markov models, and dynamic programming. Part I introduces fundamentals and part II covers more advanced material. This second edition has been thoroughly updated, drawing on recent research in the field. New for the second edition: “Programming-language agnostic” presentation using pseudocode. New chapter 1 covering conceptual issues concerning Markov chains such as ergodicity and stability. New focus in chapter 2 on algorithms and techniques for program design and high-performance computing. New focus on household problems rather than optimal growth in material on dynamic programming. Solutions to many exercises, code, and other resources available on a supplementary website.
The Economic Dynamics Of Law
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Author : David M. Driesen
language : en
Publisher: Cambridge University Press
Release Date : 2012-06-18
The Economic Dynamics Of Law written by David M. Driesen and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-06-18 with Business & Economics categories.
This book offers a theory of law and economics focused on change over time and aimed at avoiding systemic risks.
The Economic Dynamics Of Environmental Law
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Author : David M. Driesen
language : en
Publisher: MIT Press
Release Date : 2003
The Economic Dynamics Of Environmental Law written by David M. Driesen and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Law categories.
A study showing that environmentally beneficial technical innovation would be more effective than economic efficiency as the organizing principle of environmental public policy.
Chaotic Economic Dynamics
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Author : Richard M. Goodwin
language : en
Publisher: Oxford University Press
Release Date : 1990-11
Chaotic Economic Dynamics written by Richard M. Goodwin and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990-11 with Business & Economics categories.
The new science of chaos came about through weather analysis. Starting from the premise that economics is equally unpredictable, this original new book explores the ways that chaos theory may be used for economic analysis. The author shows that, since chaos theory sets out to demonstrate erratic and unpredictable behavior in a situation of total cause and effect, it has much to offer in understanding human society and the unpredictable nature of economics. It has always been assumed that the highly irregular behavior of economic time series was the consequence of extra-economic disturbances such as political decisions, trade unions, the weather, foreign trade, etc. Goodwin makes it clear that there are not one, but two explanations of this confusing behavior.
Sustainable Resource Use And Economic Dynamics
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Author : Lucas Bretschger
language : en
Publisher: Springer Science & Business Media
Release Date : 2007-07-19
Sustainable Resource Use And Economic Dynamics written by Lucas Bretschger and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-07-19 with Science categories.
This volume includes a selection of papers presented at the conference “Susta- able Resource Use and Economic Dynamics” (SURED), held on Monte Verita ` in Ascona, Switzerland, in June 2004. Thirty years after the publication of the famous symposium issue of the Review of Economic Studies in 1974, which started the neoclassical literature on growth theory and resource economics. The conference sought to reinforce research efforts in order to provide adequate solutions for today’s challenges in the ?eld of sustainable development. The c- ference compiled innovative research from resource, energy and environmental economics, and dynamic economic theory. By bringing together leading experts, junior and senior scholars in these ?elds, it covered a broad range of aspects regarding the relationship between natural resource use and long-term economic development. The SURED conference made use of the wonderful surroundings on the “mountain of truth” and the remarkable history of the conference centre, which was shaped by the desire to return to a natural way of life. In this tradition, the conference aimed at ?nding ways of living in an economically developed world and at the same time taking into account the natural environment with its restr- tions and requirements. We take the opportunity to thank the staff of the Monte Verita ` centre for the hospitality and the excellent service.
Economic Dynamics Second Edition
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Author : John Stachurski
language : en
Publisher: MIT Press
Release Date : 2022-08-16
Economic Dynamics Second Edition written by John Stachurski and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-08-16 with Business & Economics categories.
The second edition of a rigorous and example-driven introduction to topics in economic dynamics that emphasizes techniques for modeling dynamic systems. This text provides an introduction to the modern theory of economic dynamics, with emphasis on mathematical and computational techniques for modeling dynamic systems. Written to be both rigorous and engaging, the book shows how sound understanding of the underlying theory leads to effective algorithms for solving real-world problems. The material makes extensive use of programming examples to illustrate ideas, bringing to life the abstract concepts in the text. Key topics include algorithms and scientific computing, simulation, Markov models, and dynamic programming. Part I introduces fundamentals and part II covers more advanced material. This second edition has been thoroughly updated, drawing on recent research in the field. New for the second edition: “Programming-language agnostic” presentation using pseudocode. New chapter 1 covering conceptual issues concerning Markov chains such as ergodicity and stability. New focus in chapter 2 on algorithms and techniques for program design and high-performance computing. New focus on household problems rather than optimal growth in material on dynamic programming. Solutions to many exercises, code, and other resources available on a supplementary website.