Introduction

Alfonso Novales, Esther Fernández and Jesus Ruiz

Chapter Chapter 1 in Economic Growth, 2014, pp 1-56 from Springer

Abstract: Abstract This is a book on Growth Theory and on the numerical methods needed to fully characterize the properties of most Growth models. In this introductory chapter, we describe the main characteristics of different families of Growth models and their relevance for policy analysis, which is moving leading economic and financial institutions throughout the world to increasingly rely on their use for forecasting as well as for policy evaluation. In particular, we emphasize how the richer structure provided to Growth models by their Microeconomic foundations allows us to address a much broader set of policy issues than in more traditional structural dynamic models.

Keywords: Monetary Policy; Growth Model; Exogenous Variable; Endogenous Variable; Government Expenditure (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-642-54950-2_1

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DOI: 10.1007/978-3-642-54950-2_1

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