Computational Macroeconomics for the Open Economy

by G.C. Lim and Paul D. McNelis

How to use nonlinear dynamic models in policy analysis.

Policymakers need quantitative as well as qualitative answers to pressing policy questions. Because of advances in computational methods, quantitative estimates are now derived from coherent nonlinear dynamic macroeconomic models embodying measures of risk and calibrated to capture specific characteristics of real-world situations. This text shows how such models can be made accessible...

• Format: Hardcover
• Language: English
• ISBN: 0262123061
• ISBN13: 9780262123068
• Release Date: October 2008
• Publisher: MIT Press
• Length: 256 Pages
• Weight: 1.25 lbs.
• Dimensions: 0.7" x 6.0" x 9.0"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher