Dynamic Macroeconomic Models in Emerging Market Economies: DSGE Modelling with Financial and Housing Sectors

Author:   Daniel Lukui Jia
Publisher:   Springer Verlag, Singapore
Edition:   1st ed. 2020
ISBN:  

9789811545900


Pages:   286
Publication Date:   27 August 2021
Format:   Paperback
Availability:   Manufactured on demand   Availability explained
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Dynamic Macroeconomic Models in Emerging Market Economies: DSGE Modelling with Financial and Housing Sectors


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Overview

This book summarizes the evolution of modern macroeconomics (New Consensus Macroeconomics, NCM) and proposes a new approach to theoretical and empirical analysis, which is based on a recently developed dynamic stochastic general equilibrium (DSGE) model. Dynamic macroeconomic analysis in emerging market economies is challenging, and of growing importance in the global economy, where emerging markets are becoming more and more influential. Clearly, a deeper understanding of the inner workings of emerging economies, particularly with respect to their socioeconomic structure and the urbanization process, is needed. The book’s extends the NCM/DSGE model to better account for significant economic and social features in emerging market economies. In particular, household heterogeneities and social stratification are explicitly incorporated into the framework proposed here, substantially enhancing the comprehensiveness of the model economy, and allowing it to better account for underlying social structure in emerging economies. Furthermore, financial and housing markets have not been considered sufficiently in either the advanced or emerging economy literature, an oversight this book remedies. As such, it makes an original and valuable contribution to the field, and a direction for future research.

Full Product Details

Author:   Daniel Lukui Jia
Publisher:   Springer Verlag, Singapore
Imprint:   Springer Verlag, Singapore
Edition:   1st ed. 2020
Weight:   0.411kg
ISBN:  

9789811545900


ISBN 10:   9811545901
Pages:   286
Publication Date:   27 August 2021
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

Part I Introduction Chapter 1 Introduction to Modern Macroeconomic Models Chapter 2 Time to Improve the Existing Models Part II Dynamic Macroeconomic Modelling Chapter 3 Traditional Dynamic Macroeconomic Models Chapter 4 Modern Mainstream Macroeconomic Models Part III The Financial and Housing Sectors Asymmetric Model for Emerging Market Economies Chapter 5 Overview and General Assumptions Chapter 6 The Basic Model Chapter 7 The Advanced Model Chapter 8 The Full Model Chapter 9 Solving DSGE models Part IV Empirical Analysis Chapter 10 Empirical Methodologies and Software Tools Chapter 11 Data, Statistics and Stylized Facts Chapter 12 Empirical Analysis Part V Summary Chapter 13 Conclusion and Discussion Index

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Author Information

Daniel Lukui Jia holds a Ph.D. from Cambridge University. His research interests include macroeconomics, dynamic modeling, money and banking, and public finance.

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