An Introduction to Computational Macroeconomics

This book presents an introduction to computational macroeconomics, using a new approach to the study of dynamic macroeconomic models. For this we will solve a great variety of models in discrete time numerically, using as a computer tool a spreadsheet; in particular, Microsoft Excel. The solved models include both dynamic macroeconomic models with rational, non-micro-founded expectations and microfounded models, constituting an approach that facilitates the learning and use of dynamic...
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This book presents an introduction to computational macroeconomics, using a new approach to the study of dynamic macroeconomic models. For this we will solve a great variety of models in discrete time numerically, using as a computer tool a spreadsheet; in particular, Microsoft Excel. The solved models include both dynamic macroeconomic models with rational, non-micro-founded expectations and microfounded models, constituting an approach that facilitates the learning and use of dynamic general equilibrium models, which have become the primary tool for macroeconomic analysis nowadays. Spreadsheets are widely known and relatively easy to use, which means that the computer skills needed to work with dynamic general equilibrium models are affordable for undergraduate students.