Development and Application of Central Bank Economic Models at Home and Abroad

Author: Liu Bin (Compiler)
Publisher:
Publish Date: 2003-12-01
Features: This book comprehensively and systematically introduces the development and application of economic models from the perspective of central banks, a first of its kind in China. Its uniqueness lies in basing its discussion on the main economic models developed by central banks domestically and internationally, providing detailed descriptions of their application in central banks. The book is divided into twelve chapters. Chapter 1 conducts a comparative study of the development and application of economic models by central banks in China and abroad from both technical and managerial perspectives. Chapter 2 introduces the main solution methods for linear and nonlinear models, with a focus on the solution methods for models involving expectations. Chapters 3 to 12 provide detailed information on the development and application of economic models by central banks in countries such as the UK, the U.S., China, Germany, Finland, Canada, New Zealand, Australia, Japan, and the International Monetary Fund. This book not only helps readers stay updated on the new developments in economic theory but also enables them to understand how central banks in China and abroad apply new economic theories for modeling and empirical research on practical issues. Therefore, the book holds high academic and practical value. It is suitable for scholars engaged in research on macroeconomics, monetary economics, econometrics, and finance; for personnel involved in macroeconomic analysis and forecasting, as well as monetary policy analysis and decision-making; and as a teaching reference for undergraduate and graduate students studying macroeconomics, monetary economics, econometrics, and finance.