General Equilibrium Option Pricing Method: Theoretical and Empirical Study, Chen
Автор: Peter B. Dixon Название: Handbook of Computable General Equilibrium Modeling,1B ISBN: 0444595562 ISBN-13(EAN): 9780444595560 Издательство: Elsevier Science Рейтинг: Цена: 17391.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Presents a history of modeling applications and examines competing points of view. This title also presents coherent summaries of CGE theories that inform major model types. It covers the construction of CGE databases, model solving, and computer-assisted interpretation of results.
Автор: Peter B. Dixon Название: Handbook of Computable General Equilibrium Modeling,1A ISBN: 0444536345 ISBN-13(EAN): 9780444536341 Издательство: Elsevier Science Рейтинг: Цена: 17517.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: A collection 17 articles that presents the history of modeling applications and examines competing points of view. It covers the construction of CGE databases, model solving, and computer-assisted interpretation of results. It shows how CGE modeling has made a contribution to economic policy.
Описание: This generation`s economic crisis has truly global reach, with repercussions reverberating throughout nations and across societies. Prabhakar investigates the world-wide depression, using empirical understanding and new data sets on indicator and policy variables.
Автор: Burkhard Heer Название: Dynamic General Equilibrium Modeling ISBN: 364203148X ISBN-13(EAN): 9783642031489 Издательство: Springer Рейтинг: Цена: 10480.00 р. Наличие на складе: Поставка под заказ.
Описание: Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. A wide variety of mathematical tools are needed to solve these models. This book presents methods used to compute the dynamics of general equilibrium models.
Автор: Serletis Apostolos Название: The Demand for Money / Theoretical and Empirical Approaches ISBN: 0387717269 ISBN-13(EAN): 9780387717265 Издательство: Springer Рейтинг: Цена: 25853.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The most comprehensive textbook available on the money demand function and its role in modern macroeconomics, this book takes a microeconomic- and aggregation-theoretic approach to the topic and presents empirical evidence using state-of-the-art econometric methodology, while recognizing the existence of unsolved problems and the need for further developments. The new edition is fully revised, expanded, and updated, including new chapters on cross-country evidence and rational expectations.
Автор: Singleton, Kenneth J. Название: Empirical dynamic asset pricing ISBN: 0691122970 ISBN-13(EAN): 9780691122977 Издательство: Wiley Рейтинг: Цена: 17266.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Focuses on the interplay between model specification, data collection, and econometric testing of dynamic asset pricing models. This book includes the econometric methods used in analyzing financial time-series models, and the goodness-of-fit of preference-based and no-arbitrage models of equity returns and the term structure of interest rates.
Описание: It has been introduced by Leontief (1941) who assumed that inputs into a production process of a particular sector of economic activity is a constant fraction of the output of that process in physicaZ terms. In that case one generally assumes that the ratios between inputs (in value terms) and outputs (in value terms) are constant.
Автор: Federico Perali; Pasquale Lucio Scandizzo Название: The New Generation of Computable General Equilibrium Models ISBN: 3319585320 ISBN-13(EAN): 9783319585321 Издательство: Springer Рейтинг: Цена: 20962.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book covers some important topics in the construction of computable general equilibrium (CGE) models and examines use of these models for the analysis of economic policies, their properties, and their implications. Readers will find explanation and discussion of the theoretical structure and practical application of several model typologies, including dynamic, stochastic, micro-macro, and simulation models, as well as different closure rules and policy experiments. The presentation of applications to various country and problem-specific case studies serves to provide an informed and clearly articulated summary of the state of the art and the most important methodological advancements in the field of policy modeling within the framework of general equilibrium analysis. The book is an outcome of a recent workshop of the Italian Development Economists Association attended by a group of leading practitioners involved in the generation of CGE models and research on modeling the economy and policy making. It will be of interest to researchers, professional economists, graduate students, and knowledgeable policy makers.
Contrary to the Quantity Theory of Money, which in its various forms, implies that increases in output of goods and services will, ceteris paribus, exert downward pressure on the general price level, Dr. Nwankwo in this book, argues that the growth of some components of output could accentuate, rather than dampen inflation. This phenomenon, which the author has termed 'Disaggregation Dissonance Hypothesis', states that while some components of the GDP may be inversely related to the price level, other components may be positively related to the price level. In addition, interaction between sectors, measured for example with the ratio of non-agricultural output to agricultural output, could also affect the price level. In view of these observations, the author argues that the practice based on the Quantity Theory of using aggregate output as an explanatory variable for the price level is defective and inappropriate and that the use of aggregate output in an empirical study is of limited relevance because it obscures a lot of the underlying influences which are necessary for understanding the structure and dynamics of inflation. He contends that a more appropriate approach will be to use disaggregated components of the GDP, as well as sectoral interaction variables in order to bring out the different ways in which the different components of the GDP impact inflation.
The author supports his thesis with an econometric investigation, using Nigeria's data from 1960 to 2011, which shows that when the GDP is split into agricultural and non-agricultural components, the former impacts the price level inversely, while the latter impacts the price level positively.
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