Dynamic General Equilibrium

Contemporary macroeconomics is built upon microeconomic principles, with its most recent advance featuring dynamic stochastic general equilibrium models. The textbook by Heer and Maußner acquaints readers with the essential computational techniques required to tackle these models and employ them for quantitative analysis. This third edition maintains the structure of the second, dividing the content into three separate parts dedicated to representative agent models, heterogeneous agent models, and numerical methods. At the same time, every chapter has been revised and two entirely new chapters have been added.

Macroeconomic Theory is the most up-to-date graduate-level macroeconomics textbook available today.

This book details the preparation of USAGE-TERM, a computable general equilibrium model that provides regional economic detail in the USA.

This book details the preparation of USAGE-TERM, a computable general equilibrium model that provides regional economic detail in the USA. The model can represent either congressional district or state level economic activity.

by Jose Luis Torres Chacon (Author)