The World in the Model, Morgan

Автор: Kranz
Название: Persistent Stochastic Shocks in a New Keynesian Model with Uncertainty
ISBN: 3658156384 ISBN-13(EAN): 9783658156381
Издательство: Springer
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Цена: 9083.00 р.
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Описание: The book introduces the New Keynesian framework, historically through a literature overview and through a step-by-step derivation of a New Keynesian Phillips curve, an intertemporal IS curve, and a targeting rule for the central bank. This basic version is then expanded by introducing cost and demand shocks and uncertainty. The latter enters the model via second order Taylor approximation instead of linearization. Bringing all equations together results in an equilibrium condition which is simulated with a wide range of parameter values, including possible crisis scenarios. The author finds that accounting for uncertainty – regarding growth and inflation expectations – can lead to lower nominal interest rates set by the central bank.

Автор: Spiegler
Название: Behind the Model
ISBN: 1107677807 ISBN-13(EAN): 9781107677807
Издательство: Cambridge Academ
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Цена: 4592.00 р.
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Описание: This ambitious book reveals how formal models are constructed in economics. Ranging across economics, philosophy, and social science methods, and drawing on examples, including the recent financial crisis, Behind the Model will be of interest to anyone who has wondered how economics works - and why it sometimes fails.

Автор: Boland
Название: Model Building in Economics
ISBN: 110767347X ISBN-13(EAN): 9781107673472
Издательство: Cambridge Academ
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Цена: 4435.00 р.
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Описание: Lawrence Boland provides an overview of the practices of and the problems faced by model builders to explain the nature of models, the modeling process, and the testing of models. In a reflective manner, he raises serious questions about the assumptions and judgments that model builders make in constructing models.

Автор: Schofield
Название: The Spatial Model of Politics
ISBN: 0415569400 ISBN-13(EAN): 9780415569408
Издательство: Taylor&Francis
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Цена: 8573.00 р.
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Описание: This book is the first to explain the spatial model of voting from an economics, mathematical and game-theoretic perspective. As such, it is at the cutting edge of research within politics and economics and is essential reading in these disciplines.