System Dynamics in Economic and Financial Models Edited by Christiaan Heij, Hans Schumacher, Bernard Hanzon and Kees Praagman System Dynamics in Economic and Financial Models discusses different approaches for dynamic modelling of economic and financial data, and includes empirical applications, particularly in finance and macroeconomics, to illustrate the methods discussed. Written by leading experts from a wide range of backgrounds, varying from econometries and finance to systems and control, each chapter is followed by a comments section that presents alternative and sometimes contrasting points of view. The authors look at the interface between economics and finance, and examine topics including
non-linear dynamics
chaos
structural change
trends and cointegration
general methodologies in empirical modelling
About the Author
All four editors hold senior positions in econometric departments in The Netherlands, and share a common background in mathematical system theory. Dr Christiaan Heij is at the Erasmus University Rotterdam. Professor Dr Hans Schumacher is at the CWI, Amsterdam and Tilburg University, Dr Bernard Hanzon at the Free University of Amsterdam, and Dr Kees Praagman at the University of Groningen.
