Macroeconomic Analysis and Parametric Control of a Regional Economic Union

Ashimov, Abdykappar A./ Borovskiy, Yuriy V./ Novikov, Dmitry A.

Springer Nature Switzerland AG（2020/02発売）

• 製本 Hardcover:ハードカバー版／ページ数 361 p.
• 言語 ENG
• 商品コード 9783030322045
• DDC分類 339

Full Description

This book is a further development of the theory of parametric control. It includes: numerical methods of testing (verification) of software implementation of mathematical models by assessing the stability of mappings defined by the model; sufficient conditions for the existence of the solutions of some types of problems of dynamic optimization; the existence of continuous dependence of optimal values of criteria on exogenous functions and parameters; and the existence of points of bifurcation of extremals of such problems. It demonstrates that this theory offers a constructive methodology for middle-term forecasting, macroeconomic analysis and estimation of optimal values of economic characteristics on the basis of advanced global mathematical models, namely Computable General Equilibrium (CGE) Model, Dynamic Stochastic General Equilibrium (DSGE) Model, and Hybrid Econometric model. In addition, it includes conditions for the applicability of the computational experiments' results, into practice.

Contents

Chapter 1. Parametric Control of Macroeconomic Systems: Basic Components of Theory.- Chapter 2. Macroeconomic Analysis and Parametric Control Based on Global Multi-Country Dynamic Computable General Equilibrium Model (Model 1).- Chapter 3. Macroeconomic Analysis and Parametric Control Based on Global Dynamic Stochastic General Equilibrium Model (Model 2).- Chapter 4. Macroeconomic Analysis and Parametric Control Based on Global Multi-Country Hybrid Econometric Model (Model 3).