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

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

Hardcover

Business GeneralEconomics

ISBN10: 9811545871
ISBN13: 9789811545870
Publisher: Palgrave MacMillan
Published: Aug 27 2020
Pages: 286
Weight: 1.15
Height: 0.75 Width: 5.83 Depth: 8.27
Language: English

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.

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Business General