Quantitative Macroeconomics and Numerical Computation

Table of Contents

This book thoroughly explains the theory and practice of quantitative analysis methods essential to modern macroeconomics, from the basics to the frontier where heterogeneous economic agents are taken into account.

Part I. Basics of Numerical Computation
Chapter 1: Introduction to Numerical Computation
Chapter 2: Overview of Two- and Three-Period Models and Numerical Computation
Chapter 3: Dynamic Programming
Chapter 4: Euler Equations and Time Iteration Method

Part II: Applications
Chapter 5: How to Explain Inequality--The Bewley Approach
Chapter 6: Macroeconomics from a Life Cycle Perspective--Overlapping Generation Model
Chapter 7: Frontiers of the New Keynesian Model
Chapter 8: A Peek at the Frontiers of Quantitative Macroeconomics

Appendix A: Computer codes
Appendix B: Theory of Numerical Computation
Appendix C: Discrete approximation of autoregressive stochastic processes