Judd, Kenneth L.

Numerical methods in economics / Kenneth L. Judd. - Cambridge, Mass. : MIT Press, 1998. - xiii, 633 p. : ill. ; 24 cm.

Includes bibliographical references (p. [609]-622) and index.

Part 1 Introduction: introduction; elementary concepts in numerical analysis. Part 2 Basics from numerical analysis on Rn: linear equations and iterative methods; optimization; nonlinear equations; approximation methods; numerical integration and differentiation; Monte Carlo and simulation methods; quasi-Monte Carlo methods. Part 3 Numerical methods for functional problems: finite-difference methods; projection methods for functional equations; numerical dynamic programming. Part 4 Perturbation methods: regular perturbation of simple systems; regular perturbations in multidimensional systems; advanced asymptotic methods. Part 5 Applications to dynamic equilibrium analysis; solution methods for perfect foresight models; solving rational expectations models.

To harness the full power of computer technology, economists need to use a broad range of mathematical techniques. In this book, Kenneth Judd presents techniques from the numerical analysis and applied mathematics literatures and shows how to use them in economic analyses.



0262100711 (hc)

98013591


Economics--Statistical methods.

HB137 / .J83 1998

330.015195 JUN / 1998

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