George McCandless is an economist at the Central Bank of Argentina.
The ABCs of RBCs is the first book to provide a basic introduction to Real Business Cycle (RBC) and New-Keynesian models. These models argue that random shocks—new inventions, droughts, and wars, in the case of pure RBC models, and monetary and fiscal policy and international investor risk aversion, in more open interpretations—can trigger booms and recessions and can account for much of observed output volatility.
George McCandless works through a sequence of these Real Business Cycle and New-Keynesian dynamic stochastic general equilibrium models in fine detail, showing how to solve them, and how to add important extensions to the basic model, such as money, price and wage rigidities, financial markets, and an open economy. The impulse response functions of each new model show how the added feature changes the dynamics.
The ABCs of RBCs is designed to teach the economic practitioner or student how to build simple RBC models. Matlab code for solving many of the models is provided, and careful readers should be able to construct, solve, and use their own models.
In the tradition of the “freshwater” economic schools of Chicago and Minnesota, McCandless enhances the methods and sophistication of current macroeconomic modeling.
發表於2024-12-22
The ABCs of RBCs 2024 pdf epub mobi 電子書 下載
A macro textbook for new generation. A book focus more on modelling and techniques than economic intuition. So this one is not a good macro book for beginners compare with Romer's and others. For example, McCandless doesnt mention anything about investment ...
評分花瞭整整一星期讀完,拿筆做瞭一遍。我覺得是我這兩年時間裏發現的最有價值的書瞭,雖然新知識不多,但最起碼看完以後腦子裏是有條理的。深入研究還是要看論文的,雖然很麻煩,但是躲不開。遺憾是書裏隻講瞭數值求解,估計方麵隻字未提。現在dsge估計技術一日韆裏,也是很難搞...
評分 評分A macro textbook for new generation. A book focus more on modelling and techniques than economic intuition. So this one is not a good macro book for beginners compare with Romer's and others. For example, McCandless doesnt mention anything about investment ...
評分以難度而言,較之主流的ROMER,BLANCHARD,AZARIADIS的教材,是差不多程度的。但是很明顯的特徵是:全書不再是基於微分方程而是差分方程,以OLG體係代替瞭RCK。配閤DYNARE等軟件的輔助,新手可以很快上手,依靠計算機,做“看得見結果”的研究。相信新一代的宏觀學者會抱著這本...
圖書標籤: Macroeconomics DSGE 經濟學 宏觀經濟學 RBC 經濟 商業周期 宏觀
配閤Gali的書,效果更佳。
評分A really useful book. The author walks you through the math (non-rigorously) used in those basic macro models (and some codes as well). Really helpful
評分A really useful book. The author walks you through the math (non-rigorously) used in those basic macro models (and some codes as well). Really helpful
評分絕對的好書!內容前沿自不必說,書寫清晰易懂,讀一遍就能夠瞭解思想過程。當然技術問題實在太多,要中英文結閤多看很多遍,要去看參考文獻。
評分作者萌萌的。最初的封麵是是自己七歲的女兒畫的,齣版社的人嫌孩子氣就換瞭。“ I like the one they did as well, but this one wins my heart. ”
The ABCs of RBCs 2024 pdf epub mobi 電子書 下載