Teaching Macroeconomics with GAMS |
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| Authors: | P. Ruben Mercado David A. Kendrick Hans Amman |
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| Affiliation: | (1) Department of Economics, University of Texas, Austin, Texas, USA;(2) University of Amsterdam, The Netherlands |
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| Abstract: | Our general goal in this paper is to show how to implement in GAMS standard deterministic nonlinear macro models, and stochastic linear macro models with rational expectations. We will also present basic concepts on solution methods and policy analysis for these kinds of models. As a practical illustration, we will use some well known teaching and experimental models in the macroeconomic literature. |
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| Keywords: | computational economics macroeconomics |
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