Introduction

Alfonso Novales, Esther Fernández and Jesus Ruiz

Chapter 1 in Economic Growth, 2022, pp 1-59 from Springer

Abstract: Abstract Through the different chapters of the book, we will be presenting exogenous and endogenous, non-monetary and monetary growth models, discussing their main properties and learning how to obtain numerical solutions to them. Solutions take the form of a set of time series for the main variables in the model. Numerical solutions allow us to estimate the effects of alternative policies. After a review of some time series issues, we review in this chapter standard stochastic, dynamic structural models, as an introduction to model simulation. We then explain why economic growth models are very relevant to the analysis of policy questions. The chapter closes with an introduction to numerical solution methods.

Keywords: Monetary policy; Growth model; Exogenous variable; Endogenous variable; Government expenditure (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/978-3-662-63982-5_1

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