Numerical solution methods for growth models
- Economic Growth: Theory and numerical solution methods In addition to standard theoretical discussions, this Springer-Verlag textbook covers in detail stability issues and policy evaluation questions, providing numerical exercises in Excel and Matlab along with the theoretical analysis. Excel files are used for single realizations in deterministic models, while MATLAB files reproduce the analysis with a large number of sample realizations in stochastic economies. A specific chapter reviews numerical solution methods. Further chapters are devoted to some endogenous growth models and to monetary economies. The effects of alternative monetary and fiscal policies and the possibilities for optimal policy design are emphasized throughout the book. Other non-standard issues addressed are: i) the possibility for nominal indeterminacy of the price level under some monetary policies, ii) stability of the time path for public debt, iii) the sample discretization of continuous-time models, iv) numerical solution methods for a wide class of endogenous growth models. The book has been written by E. Fernandez-Casillas, A. Novales and J. Ruiz. For further details or any additional information regarding the manuscript, please contact: anovales@ccee.ucm.es.
- The role of Simulation methods in Macroeconomics, Spanish Economic Review, 2, 155-181, 2000. Power Point presentation.
- Solving nonlinear rational expectations models by eigenvalue-eigenvector decompositions, 1999, with E.Domínguez, J.Pérez, J.Ruiz, in Computational Methods for the Study of Dynamic Economies, A. Scott y R.Marimón (eds.), Oxford University Press.
- Solución numérica de problemas de control estocástico en Economía, with E. Domínguez, J. Pérez, J. Ruiz, 2004, in Optimización bajo Incertidumbre, Antonio Alonso-Ayuso, Emilio Cerdá, Laureano F. Escudero y Ramon Sala, Coordinadores, ed. ASEPUMA.
- Is it worth refining linear approximations to non-linear rational expectations models?, with J. Pérez, Computational Economics, 23 , p. 343-377, Kluwer Academic press, The Netherlands.