000			a
999			_c33986 _d33986
008			250606b xxu||||| |||| 00| 0 eng d
020			_a9780262123068 _c(hbk)
082			_a339.015195 _bLIM
100			_aLim, Guay C.
245			_aComputational macroeconomics for the open economy
260			_bMIT Press, _c2024 _aCambridge :
300			_axiv, 231 p. ; _bill., _c24 cm
365			_b50.00 _c$ _d89.00
504			_aIncludes bibliographical references and index.
520			_aPolicymakers 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 and operational for confronting policy issues. The book starts with a simple setting based on market-clearing price flexibility. It gradually incorporates departures from the simple competitive framework in the form of price and wage stickiness, taxes, rigidities in investment, financial frictions, and habit persistence in consumption. Most chapters end with computational exercises; the Matlab code for the base model can be found in the appendix. As the models evolve, readers are encouraged to modify the codes from the first simple model to more complex extensions. Computational Macroeconomics for the Open Economy can be used by graduate students in economics and finance as well as policy-oriented researchers.
650			_aEconometric models
650			_aMacroeconomics
650			_aDynamic Model
650			_aCapital accumulation
650			_aConsumption tax
650			_aDecision rules;
650			_aEuler equation errors
650			_a Monetary policy
650			_aProductivity shock
650			_aTaylor rule
700			_aMcNelis, Paul D.
942			_2ddc _cBK