Logo

The Stochastic Growth Model

Small book cover: The Stochastic Growth Model

The Stochastic Growth Model
by

Publisher: BookBoon
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.

Home page url

Download or read it online for free here:
Download link
(2MB, PDF)

Similar books

Book cover: Macroeconomic Theory and PolicyMacroeconomic Theory and Policy
by - Simon Fraser University
The goal of this textbook is to provide students with an introduction to the microfoundations of macroeconomic theory. It is intended primarily as an exposition designed to illustrate the basic idea that underlies the modern research methodology.
(14149 views)
Book cover: Quantitative Macroeconomics: An IntroductionQuantitative Macroeconomics: An Introduction
by
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.
(15623 views)
Book cover: Lecture Notes in Financial EconomicsLecture Notes in Financial Economics
by
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.
(16289 views)
Book cover: A Discussion of Financial Economics in Actuarial ModelsA Discussion of Financial Economics in Actuarial Models
by - Arkansas Tech University
This book is intended to help individuals to pass actuarial exams. The manuscript covers the financial economics segment of Exam M referred to by MFE/3F. Answer keys are provided so that you check your numerical answers against the correct ones.
(10583 views)