1. Economic dynamics in discrete time [2014]
- Book
- xxi, 710 pages ; 24 cm
A unified, comprehensive, and up-to-date introduction to the analytical and numerical tools for solving dynamic economic problems.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. The book first introduces the theory of dynamical systems and numerical methods for solving dynamical systems, and then discusses the theory and applications of dynamic optimization. The book goes on to treat equilibrium analysis, covering a variety of core macroeconomic models, and such additional topics as recursive utility (increasingly used in finance and macroeconomics), dynamic games, and recursive contracts. The book introduces Dynare, a widely used software platform for handling a range of economic models; readers will learn to use Dynare for numerically solving DSGE models and performing Bayesian estimation of DSGE models. Mathematical appendixes present all the necessary mathematical concepts and results. Matlab codes used to solve examples are indexed and downloadable from the book's website. A solutions manual for students is available for sale from the MIT Press; a downloadable instructor's manual is available to qualified instructors.
(source: Nielsen Book Data)9780262027618 20171017
(source: Nielsen Book Data)9780262027618 20171017
A unified, comprehensive, and up-to-date introduction to the analytical and numerical tools for solving dynamic economic problems.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. The book first introduces the theory of dynamical systems and numerical methods for solving dynamical systems, and then discusses the theory and applications of dynamic optimization. The book goes on to treat equilibrium analysis, covering a variety of core macroeconomic models, and such additional topics as recursive utility (increasingly used in finance and macroeconomics), dynamic games, and recursive contracts. The book introduces Dynare, a widely used software platform for handling a range of economic models; readers will learn to use Dynare for numerically solving DSGE models and performing Bayesian estimation of DSGE models. Mathematical appendixes present all the necessary mathematical concepts and results. Matlab codes used to solve examples are indexed and downloadable from the book's website. A solutions manual for students is available for sale from the MIT Press; a downloadable instructor's manual is available to qualified instructors.
(source: Nielsen Book Data)9780262027618 20171017
(source: Nielsen Book Data)9780262027618 20171017
Green Library
Green Library | Status |
---|---|
Find it On reserve: Ask at circulation desk | |
HB141 .M53 2014 | Unknown 1-day loan |
ECON-288-01
- Course
- ECON-288-01 -- Computational Economics
- Instructor(s)
- Maliar Zakladna, Lilia
- Book
- xvii, 373 p. : ill. ; 24 cm.
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. These programs help bring to life the abstract concepts in the text. Background in computing and analysis is offered for readers without programming experience or upper-level mathematics. Topics covered in detail include nonlinear dynamic systems, finite-state Markov chains, stochastic dynamic programming, stochastic stability and computation of equilibria. The models are predominantly nonlinear, and the emphasis is on studying nonlinear systems in their original form, rather than by means of rudimentary approximation methods such as linearization. Much of the material is new to economics and improves on existing techniques. For graduate students and those already working in the field, "Economic Dynamics" will serve as an essential resource.
(source: Nielsen Book Data)9780262012775 20160528
(source: Nielsen Book Data)9780262012775 20160528
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. These programs help bring to life the abstract concepts in the text. Background in computing and analysis is offered for readers without programming experience or upper-level mathematics. Topics covered in detail include nonlinear dynamic systems, finite-state Markov chains, stochastic dynamic programming, stochastic stability and computation of equilibria. The models are predominantly nonlinear, and the emphasis is on studying nonlinear systems in their original form, rather than by means of rudimentary approximation methods such as linearization. Much of the material is new to economics and improves on existing techniques. For graduate students and those already working in the field, "Economic Dynamics" will serve as an essential resource.
(source: Nielsen Book Data)9780262012775 20160528
(source: Nielsen Book Data)9780262012775 20160528
Green Library
Green Library | Status |
---|---|
Find it On reserve: Ask at circulation desk | |
HB145 .S73 2009 | Unknown 1-day loan |
ECON-288-01
- Course
- ECON-288-01 -- Computational Economics
- Instructor(s)
- Maliar Zakladna, Lilia
3. Numerical methods in finance and economics [electronic resource] : a MATLAB-based introduction [2006]
- Book
- xxiv, 669 p. : ill. ; 25 cm.
- Preface to the Second Edition. From the Preface to the First Edition. PART I. BACKGROUND. 1. Motivation. 2. Financial Theory. PART II. NUMERICAL METHODS. 3. Basics of Numerical Analysis. 4. Numerical Integration: Deterministic and Monte Carlo Methods. 5. Finite Difference Methods for Partial Differential Equations. 6. Convex Optimization. PART III. PRICING EQUITY OPTIONS. 7. Option Pricing by Binomial and Trinomial Lattices. 8. Option Pricing by Monte Carlo Methods. 9. Option Pricing by Finite Difference Methods. PART IV. ADVANCED OPTMIZATION MODELS AND METHODS. 10. Dynamic Programming. 11. Linear Stochastic Programming Models with Recourse. 12. Non-Convex Optimization. PART V. APPENDICES. Appendix A. Introduction to MATLAB Programming. Appendix B. Refresher on Probability theory and Statistics. Appendix C. Introduction to AMPL. Index.
- (source: Nielsen Book Data)9780470080498 20160605
(source: Nielsen Book Data)9780470080498 20160605
- Preface to the Second Edition. From the Preface to the First Edition. PART I. BACKGROUND. 1. Motivation. 2. Financial Theory. PART II. NUMERICAL METHODS. 3. Basics of Numerical Analysis. 4. Numerical Integration: Deterministic and Monte Carlo Methods. 5. Finite Difference Methods for Partial Differential Equations. 6. Convex Optimization. PART III. PRICING EQUITY OPTIONS. 7. Option Pricing by Binomial and Trinomial Lattices. 8. Option Pricing by Monte Carlo Methods. 9. Option Pricing by Finite Difference Methods. PART IV. ADVANCED OPTMIZATION MODELS AND METHODS. 10. Dynamic Programming. 11. Linear Stochastic Programming Models with Recourse. 12. Non-Convex Optimization. PART V. APPENDICES. Appendix A. Introduction to MATLAB Programming. Appendix B. Refresher on Probability theory and Statistics. Appendix C. Introduction to AMPL. Index.
- (source: Nielsen Book Data)9780470080498 20160605
(source: Nielsen Book Data)9780470080498 20160605
dx.doi.org Wiley Online Library
- dx.doi.org Wiley Online Library
- Google Books (Full view)
eReserve
eReserve | Status |
---|---|
Instructor's copy | |
(no call number) | Unknown |
ECON-288-01
- Course
- ECON-288-01 -- Computational Economics
- Instructor(s)
- Maliar Zakladna, Lilia
- Book
- xviii, 510 p. : ill. (some col.) ; 24 cm.
This book presents a variety of computational methods used to solve dynamic problems in economics and finance. It emphasises practical numerical methods rather than mathematical proofs and focuses on techniques that apply directly to economic analyses. The examples are drawn from a wide range of subspecialties of economics and finance, with particular emphasis on problems in agricultural and resource economics, macroeconomics, and finance. The book's Web site provides an extensive Web-site library of computer utilities and demonstration programs. The book is divided into two parts. The first part develops basic numerical methods, including linear and nonlinear equation methods, complementarity methods, finite-dimensional optimisation, numerical integration and differentiation, and function approximation. The second part presents methods for solving dynamic stochastic models in economics and finance, including dynamic programming, rational expectations, and arbitrage pricing models in discrete and continuous time. The book uses MATLAB to illustrate the algorithms and includes a utilities toolbox to help readers develop their own computational economics applications. The book's Web site can be found at .
(source: Nielsen Book Data)9780262134200 20160528
(source: Nielsen Book Data)9780262134200 20160528
This book presents a variety of computational methods used to solve dynamic problems in economics and finance. It emphasises practical numerical methods rather than mathematical proofs and focuses on techniques that apply directly to economic analyses. The examples are drawn from a wide range of subspecialties of economics and finance, with particular emphasis on problems in agricultural and resource economics, macroeconomics, and finance. The book's Web site provides an extensive Web-site library of computer utilities and demonstration programs. The book is divided into two parts. The first part develops basic numerical methods, including linear and nonlinear equation methods, complementarity methods, finite-dimensional optimisation, numerical integration and differentiation, and function approximation. The second part presents methods for solving dynamic stochastic models in economics and finance, including dynamic programming, rational expectations, and arbitrage pricing models in discrete and continuous time. The book uses MATLAB to illustrate the algorithms and includes a utilities toolbox to help readers develop their own computational economics applications. The book's Web site can be found at .
(source: Nielsen Book Data)9780262134200 20160528
(source: Nielsen Book Data)9780262134200 20160528
Green Library
Green Library | Status |
---|---|
Find it On reserve: Ask at circulation desk | |
HB143.5 .M567 2002 | Unknown 1-day loan |
ECON-288-01
- Course
- ECON-288-01 -- Computational Economics
- Instructor(s)
- Maliar Zakladna, Lilia
5. Numerical methods in economics [1998]
- Book
- 633 p.
- Part 1 Introduction: introduction-- elementary concepts in numerical analysis. Part 2 Basics from numerical analysis on Rn: linear equations and iterative methods-- optimization-- nonlinear equations-- approximation methods-- numerical integration and differentiation-- Monte Carlo and simulation methods-- quasi-Monte Carlo methods. Part 3 Numerical methods for functional problems: finite-difference methods-- projection methods for functional equations-- numerical dynamic programming. Part 4 Perturbation methods: regular perturbation of simple systems-- regular perturbations in multidimensional systems-- advanced asymptotic methods. Part 5 Applications to dynamic equilibrium analysis-- solution methods for perfect foresight models-- solving rational expectations models.
- (source: Nielsen Book Data)9780262100717 20160605
(source: Nielsen Book Data)9780262100717 20160605
- Part 1 Introduction: introduction-- elementary concepts in numerical analysis. Part 2 Basics from numerical analysis on Rn: linear equations and iterative methods-- optimization-- nonlinear equations-- approximation methods-- numerical integration and differentiation-- Monte Carlo and simulation methods-- quasi-Monte Carlo methods. Part 3 Numerical methods for functional problems: finite-difference methods-- projection methods for functional equations-- numerical dynamic programming. Part 4 Perturbation methods: regular perturbation of simple systems-- regular perturbations in multidimensional systems-- advanced asymptotic methods. Part 5 Applications to dynamic equilibrium analysis-- solution methods for perfect foresight models-- solving rational expectations models.
- (source: Nielsen Book Data)9780262100717 20160605
(source: Nielsen Book Data)9780262100717 20160605
Green Library
Green Library | Status |
---|---|
Find it On reserve: Ask at circulation desk | |
HB137 .J83 1998 | Unknown 1-day loan |
Find it Stacks | |
HB137 .J83 1998 | Unknown |
ECON-288-01
- Course
- ECON-288-01 -- Computational Economics
- Instructor(s)
- Maliar Zakladna, Lilia