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.
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.
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.
1 有用 Kallas 2018-03-25 11:48:28
emmm..值此Cooper即将从我们系move的时刻来推荐一下这本书.. Adda&Cooper 这书其实是本伪装成宏观的IO操作手册.. 前4章讲了几个核心的要件:dp theory, numerics, estimation, 然后后半本就是在DP在各种 io style macro 里的应用。非常适合自学。
0 有用 口蜜腹剑稷下宏 2023-07-05 10:31:19 安徽
方法上讲究一个三步走,先介绍模型,再介绍求解,最后介绍计量方法(即和现实数据的拟合),模型上也是三步走,介绍了消费、耐用品和投资。感觉耐用品和投资这两章方法和结构很相似。可以看出来作者对于 simulation method和 Hazard function这几个方法的热爱。求解上也是全用的动态规划法,RBC时代痕迹很重。
0 有用 [已注销] 2020-06-08 04:27:41
动态规划、structural model,理论和numerical techniques,讲得清楚,提高读者的理解,而不是教读者取用black box。
0 有用 J 2021-08-15 10:49:02
我也不敢想象,这本书我竟然读了不下5遍。。 这条写在2024年,然后我又来读了5遍