Macroeconomic models for computer simulation

Richard L. (Richard Lee) Schmalensee

Description

LIBRARY OF THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY MASS. INST. TECH. 197012AUG DEWEY Library. Macroeccnomic f-todels for Conputer Slnmlation SchmalenseeRichard L. ^^76-70August, 1970 Dewey JUL 15 1975 ) RECEIVED OCT 5 1970 M. I. T. LlbKArtihS contb:i\its 1Preface -Part I Introduction ^Chapter I . Introduction and Overview 1^Chapter II. Simulation TROLL Systemai the - Static todelsPart II Qiapter III. Two todels of llarket Interdependence 35 IV. ilicksian Macroeconomic Models 5^Ch^ter Two -Part III Dynamic ridels V. Economic and Eistributed Lags 76Chapter Eynamlcs Interaction.... 112Chapter VI. Ihe Sirrplest Multiplier-Accelerator 13^Chapter VII. A Model witli Distributed Lags Decision... 149VIII. Sales Expectations and the ProductionChapter Interest... 162IX. Endogenous Determination of tiie Rate ofChapter Apendlces 17^Ihe f^Ddels in TROLLAppendix A. 1^6B. The Archives in TROLLAppendix 536339 pVi'dels simulation model,budget constraint, recently enpiiasized, via an interesting 2 calledby C. F. Christ. Fodels of the sort presented here are usually them.IS-LM models in textbooks, hence our naires for in closed economy in whichISLMl is a model of aggregate demand a inplicit assuirptionthe prices of all goods and factors are rigid. The no increasedemanded level of output can be produced withis that any deep depressioncosts, so that ISICl mi^t best be thought of as ain unit Interpretation,"the 'Classics'; A Suggested'J. R. Plicks, "Mr.

Sujets

• Macroeconomics
• Computer program

Informations

• Publié par: les_archives_du_savoir
• Nombre de lectures: 11
• Langue: English
• Poids de l'ouvrage: 10 Mo

Extrait

LIBRARY
OF THE
MASSACHUSETTS INSTITUTE
OF TECHNOLOGYMASS. INST. TECH.
197012AUG
DEWEY Library.
Macroeccnomic f-todels
for
Conputer Slnmlation
SchmalenseeRichard L.
^^76-70August, 1970Dewey
JUL 15 1975 )
RECEIVED
OCT 5 1970
M. I. T. LlbKArtihScontb:i\its
1Preface
-Part I Introduction
^Chapter I . Introduction and Overview
1^Chapter II. Simulation TROLL Systemai the
- Static todelsPart II
Qiapter III. Two todels of llarket Interdependence 35
IV. ilicksian Macroeconomic Models 5^Ch^ter Two
-Part III Dynamic ridels
V. Economic and Eistributed Lags 76Chapter Eynamlcs
Interaction.... 112Chapter VI. Ihe Sirrplest Multiplier-Accelerator
13^Chapter VII. A Model witli Distributed Lags
Decision... 149VIII. Sales Expectations and the ProductionChapter
Interest... 162IX. Endogenous Determination of tiie Rate ofChapter
Apendlces
17^Ihe f^Ddels in TROLLAppendix A.
1^6B. The Archives in TROLLAppendix
536339pVi'<»,: .f},
BOOKBINDING CO.GENERAL
-^ ,j..- (-.3
1 ^
QUALITY CONTROL MARK
- -1
PREFACE
This text is designed to serve a supplement to intermediate-as
macroeconomic Its raison d'etre is that simula-level courses In theory.
can errployed in the teaching and learningtion techniques be profitably
first, because they makeof macroeconomics. These methods are useful,
systems, systems which go wellit possible to consider fairly conplex
many of the basic elementbeyond the usual textbook models in embodying
of economic reality. Second, it has been the author's experience that
find that actual numerical solutionsstu'^ents enjoy simulation. They
to models provide more and ideas than conplex general formulae.insights
Where interest and involvement are high, learning is facilitated.
discussed in this text were designed and implementedThe models
the TROLL system at M.I.T. Chapter II provides a brief introductionon
students to the use of this system, and two appendices show how thefor
files "look" in TROLL. The instructormodels and their associated data
manual. Other simulation systemsshould be familiar with the TROLL
but TROLL should be used ifdo exist that can handle these models,
possible.
Chapter III presents twoWe then examine some static models.
markets are interdependent. Theymodels that illustrate the fact that
conpetitive economiesai'e models of general economic equilibrium in
production. Chapter IV presentsLivolviiig two goal and two factors of