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Computational Macroeconomics for the Open Economy Hardcover – October 3, 2008

ISBN-13: 978-0262123068 ISBN-10: 0262123061

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Product Details

  • Hardcover: 256 pages
  • Publisher: The MIT Press (October 3, 2008)
  • Language: English
  • ISBN-10: 0262123061
  • ISBN-13: 978-0262123068
  • Product Dimensions: 9.1 x 5.9 x 0.8 inches
  • Shipping Weight: 1 pounds (View shipping rates and policies)
  • Average Customer Review: 3.5 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Best Sellers Rank: #492,565 in Books (See Top 100 in Books)

Editorial Reviews

Review

"Dynamic equilibrium models are at the center of modern research in open macroeconomics. However, graduate students and policy researchers often find it difficult to get started in this literature. Lim and McNelis' book fills this gap by providing an excellent introduction to the construction and solution of dynamic equilibrium models for small open economics. The authors carefully analyze a prototype economy, which they enrich in each chapter with new aspects, thus allowing the reader to learn the field naturally as the book progresses. Extensive documentation of the code used in the computations and numerous exercises complement the main discussion. Systematic yet concise, this monograph will become a popular reference for both students and researchers in the field."--Jesús Fernández-Villaverde, Department of Economics University ofPennsylvania

(Jesus Fernandez-Villaverde)

"Lim and McNelis provide a manual that allows the diligent reader interested in open economy macroeconomics to move quickly to the frontier of research. This is not a book to gather dust on the bookshelf. It is a book to be first pored over carefully and then put to use."-- Timothy J. Kehoe, Department of Economics, University of Minnesota

(Tim Kehoe)

"Dynamic equilibrium models are at the center of modern research in open macroeconomics. However, graduate students and policy researchers often find it difficult to get started in this literature. Lim and McNelis' book fills this gap by providing an excellent introduction to the construction and solution of dynamic equilibrium models for small open economics. The authors carefully analyze a prototype economy, which they enrich in each chapter with new aspects, thus allowing the reader to learn the field naturally as the book progresses. Extensive documentation of the code used in the computations and numerous exercises complement the main discussion. Systematic yet concise, this monograph will become a popular reference for both students and researchers in the field." -- Jesús Fernández-Villaverde , Department of Economics University of Pennsylvania



"Lim and McNelis provide a manual that allows the diligent reader interested in open economy macroeconomics to move quickly to the frontier of research. This is not a book to gather dust on the bookshelf. It is a book to be first pored over carefully and then put to use." -- Timothy J. Kehoe , Department of Economics, University of Minnesota

About the Author

G. C. Lim is Professorial Research Fellow at the Melbourne Institute of Applied Economic and Social Research, University of Melbourne. She is the coauthor of Dynamic Economic Models in Discrete Time: Theory and Empirical Applications and An Introduction to Dynamic Economic Models (both with Brian Ferguson).

Paul D. McNelis is Robert Bendheim Chair of Economic and Financial Policy at Fordham University Graduate School of Business Administration. He is the author of Neural Networks in Finance: Gaining Predictive Edge in the Market.

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Most Helpful Customer Reviews

1 of 8 people found the following review helpful By Mauricio Medinaceli on March 17, 2009
Format: Hardcover Verified Purchase
I don't say this because the lack of mathematical analysis, I mentioned because the Matlab codes inside the book, allowing to carry out a better pursuit of the methodology. Perhaps the main defect is the little explanation of the parameters calibration methodology.
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0 of 8 people found the following review helpful By Edoardo Angeloni on January 8, 2010
Format: Hardcover Verified Purchase
The economic approach is apted for several questions related to the modern market.
The house prices and the tax payement are considered in some model of Keynes type.
Many graphics explicate the relations between equations and the informatic applications.
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