The Stochastic Growth Model
by Koen Vermeylen
Publisher: BookBoon 2010
ISBN/ASIN: 8776812138
Number of pages: 32
Description:
This text presents the stochastic growth model. The stochastic growth model is a stochastic version of the neoclassical growth model with microfoundations, and provides the backbone of a lot of macroeconomic models that are used in modern macroeconomic research. The most popular way to solve the stochastic growth model, is to linearize the model around a steady state, and to solve the linearized model with the method of undetermined coefficients.
Download or read it online for free here:
Download link
(2MB, PDF)
Similar books
Lecture Notes in Financial Economicsby Antonio Mele
The present Lecture Notes in Financial Economics are based on the author's teaching notes for advanced undergraduate and graduate courses on financial economics, macroeconomic dynamics, financial econometrics and financial engineering.
(19550 views)
Macroeconomicsby Evgeniy Chernyshov, et al. - Wikibooks
This textbook concerns the wonderful world of macroeconomics, or economics on a very large scale, concerning national and international systems. It is primarily aimed at students in their final few years of secondary education.
(12083 views)
Quantitative Macroeconomics: An Introductionby Dirk Krueger
Business cycles are both important and, despite a large amount of economic research, still incompletely understood. In these notes the author will describe how to use standard neoclassical theory to explain business cycle fluctuations.
(18873 views)
Recursive Models of Dynamic Linear Economiesby Lars Hansen, Thomas J. Sargent
This book views many apparently disparate dynamic economic models as examples of a single class of models that can be adapted and specialized. The goal is to create a class of models that merge recursive economic theory with dynamic econometrics.
(12104 views)