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Author: Burkhard Heer
Publisher: Springer Science & Business Media
ISBN: 3540856846
Category : Business & Economics
Languages : en
Pages : 719
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Book Description
Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. In order to solve these models, economists need to use many mathematical tools. This book presents various methods in order to compute the dynamics of general equilibrium models. In part I, the representative-agent stochastic growth model is solved with the help of value function iteration, linear and linear quadratic approximation methods, parameterised expectations and projection methods. In order to apply these methods, fundamentals from numerical analysis are reviewed in detail. In particular, the book discusses issues that are often neglected in existing work on computational methods, e.g. how to find a good initial value. In part II, the authors discuss methods in order to solve heterogeneous-agent economies. In such economies, the distribution of the individual state variables is endogenous. This part of the book also serves as an introduction to the modern theory of distribution economics. Applications include the dynamics of the income distribution over the business cycle or the overlapping-generations model. In an accompanying home page to this book, computer codes to all applications can be downloaded.
Author: Burkhard Heer
Publisher: Springer Science & Business Media
ISBN: 3540856846
Category : Business & Economics
Languages : en
Pages : 719
Get Book Here
Book Description
Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. In order to solve these models, economists need to use many mathematical tools. This book presents various methods in order to compute the dynamics of general equilibrium models. In part I, the representative-agent stochastic growth model is solved with the help of value function iteration, linear and linear quadratic approximation methods, parameterised expectations and projection methods. In order to apply these methods, fundamentals from numerical analysis are reviewed in detail. In particular, the book discusses issues that are often neglected in existing work on computational methods, e.g. how to find a good initial value. In part II, the authors discuss methods in order to solve heterogeneous-agent economies. In such economies, the distribution of the individual state variables is endogenous. This part of the book also serves as an introduction to the modern theory of distribution economics. Applications include the dynamics of the income distribution over the business cycle or the overlapping-generations model. In an accompanying home page to this book, computer codes to all applications can be downloaded.
Author: Jose Luis Torres Chacon
Publisher: Vernon Press
ISBN: 9781622730254
Category :
Languages : en
Pages : 270
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Book Description
This book offers an introductory step-by-step course to Dynamic Stochastic General Equilibrium modelling. Modern macroeconomic analysis is increasingly concerned with the construction, calibration and/or estimation and simulation of Dynamic General Equilibrium (DGE) models. The book is intended for graduate students as an introductory course to DGE modelling and for those economists who would like a hands-on approach to learning the basics of modern dynamic macroeconomic modelling. The book starts with the simplest canonical neoclassical DGE model and then gradually extends the basic framework incorporating a variety of additional features, such as consumption habit formation, investment adjustment cost, investment-specific technological change, taxes, public capital, household production, non-ricardian agents, monopolistic competition, etc. The book includes Dynare codes for the models developed that can be downloaded from the book's homepage.
Author: Alessandro Citanna
Publisher: Springer Science & Business Media
ISBN: 3540271929
Category : Business & Economics
Languages : en
Pages : 278
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Book Description
In the area of dynamic economics, David Cass’s work has spawned a number of important lines of research, including the study of dynamic general equilibrium theory, the concept of sunspot equilibria, and general equilibrium theory when markets are incomplete. Based on these contributions, this volume contains new developments in the field, written by Cass's students and co-authors.
Author: V. I. Ferronsky
Publisher: Springer Science & Business Media
ISBN: 9048187230
Category : Science
Languages : en
Pages : 267
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Book Description
In their search for solutions to problems concerning the dynamics of the Earth as a self-gravitating body, the authors have applied the fundamentals found in their book “Jacobi Dynamics” (1987, Reidel). First, satellite observations have shown that the Earth does not remain in hydrostatic equilibrium, which forms the physical basis of modern geodynamics. Secondly, satellite data have established a relationship between the planet’s polar moment of inertia and the potential of the Earth’s outer force field, which proves the most basic point of Jacobi dynamics. This allowed the authors to revise their derivation of the classical virial theorem, introducing the concept of a volumetric force and volumetric moment, and so to obtain a generalized virial theorem in the form of Jacobi’s equation. The main dynamical effects are: the kinetic energy of oscillation of the interacting particles, which explains the physical meaning and nature of gravitational forces; separation of shells of a self-gravitating body with respect to its mass density; differences in angular velocities of the shell’s rotation; continuity in variance of the potential of the outer gravitational force field, together with reductions in the envelope of the interacting masses (volumetric center of gravity); the nature of Earth, Moon and satellite precession; the nature and generating mechanism of the planet’s electromagnetic field; the common nature of gravitational and electromagnetic energy, and other related issues. The work is a logical continuation of the book "Jacobi Dynamics" and is intended for researchers, teachers and students engaged in theoretical and experimental research in various branches of astronomy, geophysics, planetology and cosmogony, and for students of celestial, statistical, quantum and relativistic mechanics and hydrodynamics.
Author: Clifford Matthews
Publisher: John Wiley & Sons
ISBN: 9781860583445
Category : Technology & Engineering
Languages : en
Pages : 360
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Book Description
This handy reference source, is a companion volume to the author’s Engineers’ Guide to Pressure Equipment. Heavily illustrated, and containing a wealth of useful data, it offers inspectors, engineers, operatives, and those maintaining engineering equipment a one stop everyday package of information. It will be particularly helpful in guiding users through the legislation that regulates this field. Legislation has very important implications for works inspection and in-service inspection of mechanical plant. An Engineers’ Guide to Rotating Equipment is packed with information, technical data, figures, tables and checklists. Details of relevant technical standards, the legislation and Accepted Codes of Practice (AcoPs) published by various bodies such as HSE and SAFed, are provided in addition to a number of website addresses and contact details. COMPLETE CONTENTS: Engineering fundamentals Bending, torsion, and stress Motion and dynamics Rotating machine fundamentals: Vibration, balancing, and noise Machine elements Fluid mechanics Centrifugal pumps Compressors and turbocompressors Prime movers Draught plant Basic mechanical design Materials of construction The machinery directives Organisations and associations.
Author: Uwe C. Täuber
Publisher: Cambridge University Press
ISBN: 0521842239
Category : Science
Languages : en
Pages : 529
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Book Description
A comprehensive and unified introduction to describing and understanding complex interacting systems.
Author: Gian Paolo Giani
Publisher: CRC Press
ISBN: 9789054101222
Category : Science
Languages : en
Pages : 384
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Book Description
Deals with the methods of assessing the stability of rock slopes and the techniques of improving the stability conditions of natural and artificial slopes which are at risk. It also describes survey and measurement methods to model the behaviour of rock masses.
Author: Richard J. Beidleman
Publisher:
ISBN:
Category : Homeostasis
Languages : en
Pages : 62
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Book Description
Author: Clarence A. Miller
Publisher: CRC Press
ISBN: 1420044435
Category : Science
Languages : en
Pages : 524
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Book Description
Since the publication of the first edition of Interfacial Phenomena, the interest in interfaces and surfactants has multiplied, along with their applications. Experimental and theoretical advances have provided scientists with greater insight into the structure, properties, and behavior of surfactant and colloid systems. Emphasizing equil
Author: K. F. Ogorodnikov
Publisher: Elsevier
ISBN: 1483137457
Category : Science
Languages : en
Pages : 398
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Book Description
Dynamics of Stellar Systems focuses on the theoretical problems in stellar dynamics. The book first offers information on stellar dynamics, including historical development, fundamentals of synthetic method, and value of stellar dynamics. The text discusses the fundamental concepts of stellar statistics. Properties of univariate distribution functions; multivariate distribution functions; and statistical properties of stars are explained. The text then describes the elementary theory of galactic rotation and irregular forces in stellar systems. The text also tackles statistical stellar dynamics of neglecting encounters. Considerations include Boltzmann equation in curvilinear coordinates; importance of using one-valued integrals of the motion; and fundamental differential equation of stellar dynamics. The book also underscores the regular orbit of stars and dynamics of centroids. The text describes the dynamics of spherical stellar and rotating stellar systems. The theory of polytropic spheres; basic equations for spherical systems; masses and rotation of galaxies; and boundaries of galaxies are discussed. The text is highly recommended for readers interested in stellar dynamics.
