Overview
Summarizes the evolution of modern macroeconomics (New Consensus Macroeconomics, NCM)
Proposes a new approach to theoretical and empirical analysis, which is based on a recently developed dynamic stochastic general equilibrium (DSGE) model
Makes an original and valuable contribution to the field
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Table of contents (13 chapters)
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Front Matter
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Introduction
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Front Matter
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Dynamic Macroeconomic Modelling
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Front Matter
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The Financial and Housing Sectors Asymmetric Model for Emerging Market Economies
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Front Matter
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Empirical Analysis
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Front Matter
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Summary
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Front Matter
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Back Matter
Keywords
About this book
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.Authors and Affiliations
About the author
Bibliographic Information
Book Title: Dynamic Macroeconomic Models in Emerging Market Economies
Book Subtitle: DSGE Modelling with Financial and Housing Sectors
Authors: Daniel Lukui Jia
DOI: https://doi.org/10.1007/978-981-15-4588-7
Publisher: Palgrave Macmillan Singapore
eBook Packages: Business and Management, Business and Management (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2020
Hardcover ISBN: 978-981-15-4587-0Published: 27 August 2020
Softcover ISBN: 978-981-15-4590-0Published: 27 August 2021
eBook ISBN: 978-981-15-4588-7Published: 26 August 2020
Edition Number: 1
Number of Pages: XXIV, 286
Number of Illustrations: 75 b/w illustrations, 31 illustrations in colour
Topics: Emerging Markets/Globalization, Macroeconomics/Monetary Economics//Financial Economics