Dynamic Economics (Record no. 16939)

MARC details
000 -LEADER
fixed length control field 02244nam a2200181 4500
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
ISBN 9780262547888
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 330.1
Item number A22D
100 ## - MAIN ENTRY--AUTHOR NAME
Personal name Adda, Jerome
Personal name Cooper, Russell W.
245 ## - TITLE STATEMENT
Title Dynamic Economics
Sub Title : Quantitative Methods and Applications
Statement of responsibility, etc by Jerome Adda and Russell W. Cooper
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication Cambridge:
Name of publisher The MIT Press,
Year of publication 2003.
300 ## - PHYSICAL DESCRIPTION
Number of Pages xi, 279p.
Other physical details PB
520 ## - SUMMARY, ETC.
Summary, etc This book is an effective, concise text for students and researchers that combines the tools of dynamic programming with numerical techniques and simulation-based econometric methods. Doing so, it bridges the traditional gap between theoretical and empirical research and offers an integrated framework for studying applied problems in macroeconomics and microeconomics.<br/><br/>In part I the authors first review the formal theory of dynamic optimization; they then present the numerical tools and econometric techniques necessary to evaluate the theoretical models. In language accessible to a reader with a limited background in econometrics, they explain most of the methods used in applied dynamic research today, from the estimation of probability in a coin flip to a complicated nonlinear stochastic structural model. These econometric techniques provide the final link between the dynamic programming problem and data. Part II is devoted to the application of dynamic programming to specific areas of applied economics, including the study of business cycles, consumption, and investment behavior. In each instance the authors present the specific optimization problem as a dynamic programming problem, characterize the optimal policy functions, estimate the parameters, and use models for policy evaluation.<br/><br/>The original contribution of Dynamic Economics: Quantitative Methods and Applications lies in the integrated approach to the empirical application of dynamic optimization programming models. This integration shows that empirical applications actually complement the underlying theory of optimization, while dynamic programming problems provide needed structure for estimation and policy evaluation
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical Term Economics
Topical Term Dynamic Economics
Topical Term Economic modeling
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Book
Holdings
Withdrawn status Lost status Damaged status Not for loan Collection code Permanent Location Current Location Shelving location Date acquired Source of acquisition Full call number Accession Number Price effective from Koha item type
        General Section S. R. Ranganathan Learning Hub S. R. Ranganathan Learning Hub General Section 2024-12-04 T V Enterprises 330.1 A22D 13457 2024-12-04 Book
        General Section S. R. Ranganathan Learning Hub S. R. Ranganathan Learning Hub General Section 2024-12-04 T V Enterprises 330.1 A22D 13470 2024-12-04 Book