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vjaquuozthyroyeq – Read and download Jerome Adda’s book Dynamic Economics : Quantitative Methods and Applications in PDF, EPub, Mobi, Kindle online. Book Dynamic Economics : Quantitative Methods and Applications by Jerome Adda

Dynamic Economics : Quantitative Methods and Applications
by Jerome Adda

Dynamic Economics : Quantitative Methods and Applications Jerome Adda pdf
Dynamic Economics : Quantitative Methods and Applications Jerome Adda pdf

Summary: An integrated approach to the empirical application of dynamic optimization programming models, for students and researchers. This book is an effective, concise text for students and researchers that combines the tools of dynamic programming with numerical techniques and simulation-based econometric methods. Doing so, it bridges the traditional gap between theoretical and empirical research and offers an integrated framework for studying applied problems in macroeconomics and microeconomics. In part I the authors first review the formal theory of dynamic optimization; they then present the numerical tools and econometric techniques necessary to evaluate the theoretical models. In language accessible to a reader with a limited background in econometrics, they explain most of the methods used in applied dynamic research today, from the estimation of probability in a coin flip to a complicated nonlinear stochastic structural model. These econometric techniques provide the final link between the dynamic programming problem and data. Part II is devoted to the application of dynamic programming to specific areas of applied economics, including the study of business cycles, consumption, and investment behavior. In each instance the authors present the specific optimization problem as a dynamic programming problem, characterize the optimal policy functions, estimate the parameters, and use models for policy evaluation. The original contribution of Dynamic Economics: Quantitative Methods and Applications lies in the integrated approach to the empirical application of dynamic optimization programming models. This integration shows that empirical applications actually complement the underlying theory of optimization, while dynamic programming problems provide needed structure for estimation and policy evaluation. show more

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Product details Format Hardback | 296 pages Dimensions 152 x 229 x 27mm | 522g Publication date 12 Oct 2003 Publisher MIT Press Ltd Imprint MIT Press Publication City/Country Cambridge, United States Language English Illustrations note 34 illus.; 34 Illustrations, unspecified ISBN10 0262012014 ISBN13 9780262012010 Bestsellers rank 92,915

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