The ABCs of RBCs: An Introduction to Dynamic Macroeconomic Models Illustrated Edition
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“The ABCs of RBCs is a focused text that does exactly what it sets out to do, which is to explain the current techniques for the analysis of real business cycle models. A highly useful primer.”―Kim Border, California Institute of Technology
“For every economist who ever felt stymied by the process of numerically approximating equilibria of [RBC] models, and for all current and future graduate students who are or who will be aiming to learn this technology, this book is a truly wonderful treatment--a user's guide--to moving from the set of first-order conditions and budget and resource constraints that characterize the solutions to these models to putting these models on a computer and making them operational...This is a textbook in the truest sense--every word, diagram, and table have been assembled to make learning this technology as transparent as possible. For the most part, the exposition is truly outstanding. As you read the text, you feel as if they were detailed notes written by someone in the process of learning and distilling a lot of information about a difficult and nuanced topic. And this is exactly how it was done, as noted by McCandless in the text...While there is some overlap with other treatments in the literature, there are aspects of the book that are done better here than elsewhere...The book excels exactly where many texts do not by being remarkably transparent and explicit. If you occasionally feel that advanced economics textbooks are a bit like those impossible "how-to-assemble furniture instructions" we have all sweated over, this book is for you...This book would be a terrific fit in a first year graduate course in macroeconomics...or used in a second year course that focuses on quantitative analysis of macroeconomic models.”―Lee E. Ohanian, Journal of Economic Literature
About the Author
- Item Weight : 1.79 pounds
- Hardcover : 448 pages
- ISBN-10 : 0674028147
- ISBN-13 : 978-0674028142
- Product Dimensions : 6 x 1.01 x 9.25 inches
- Publisher : Harvard University Press; Illustrated Edition (March 31, 2008)
- Language: : English
- Best Sellers Rank: #965,565 in Books (See Top 100 in Books)
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