Thursday 19 March 2009

Recursive Macroeconomic Theory

Recursive Macroeconomic Theory



Author: Lars Ljungqvist
Edition: 2nd
Publisher: The MIT Press
Binding: Hardcover
ISBN: 026212274X
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Recursive Macroeconomic Theory



Recursive methods offer a powerful approach for characterizing and solving complicated problems in dynamic macroeconomics.Recursive Macroeconomic Theory review. Recursive Macroeconomic Theory provides both an introduction to recursive methods and advanced material, mixing tools and sample applications. The second edition contains substantial revisions to about half the original material, and extensive additional coverage appears in seven chapters new to this edition. The updated and added material covers exciting new topics that further illustrate the power and pervasiveness of recursive methods.Significant improvements to original chapters include a better treatment of the existence of recursive equilibria, an enhanced account of the supermartingale convergence theorem, and an extended treatment of an optimal taxation problem in an economy in which there are incomplete marketsRead full reviews of Recursive Macroeconomic Theory.

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Recursive Macroeconomic Theory
Recursive Macroeconomic Theory: Lars Ljungqvist, Thomas J. Sargent

Recursive Macroeconomic Theory
Recursive Macroeconomic Theory

Recursive Macroeconomic Theory
Recursive methods offer a powerful approach in dynamic macroeconomics. This book contains both an introduction to recursive tools, including standard applications such as asset pricing, and advanced material, including analyses of reputational mechanisms and contract design. The tools are presented with enough technical sophistication to get the reader started working on practical problems. When numerical simulations are called for, the book provides suggestions for how to proceed, as well as re

Recursive Macroeconomic Theory By Ljungqvist, Lars/ Sargent, Thomas J.
Mit Pr 9780262018746 Recursive Macroeconomic Theory By Ljungqvist, Lars/ Sargent, Thomas J. Description *Author: Ljungqvist, Lars/ Sargent, Thomas J. *Publication Date: 2012/08/31 *Number of Pages: 1321 *Binding Type: Hardcover *Language: English *Depth: 2.25 *Width: 7.25 *Height: 9.50 SKU: UBM9780262018746 Payment We accept payment via PayPal, Mastercard, Visa, American Express, Discover and PayPals Bill Me Later. Note: All purchases are processed via PayPal. If you have any questions or

Recursive Macroeconomic Theory, 9780262194518
Recursive Macroeconomic Theory, ISBN-13: 9780262194518, ISBN-10: 0262194511



Recursive Macroeconomic Theory Reviews


Recursive Macroeconomic Theory provides both an introduction to recursive methods and advanced material, mixing tools and sample applications. The second edition contains substantial revisions to about half the original material, and extensive additional coverage appears in seven chapters new to this edition. The updated and added material covers exciting new topics that further illustrate the power and pervasiveness of recursive methods.Significant improvements to original chapters include a better treatment of the existence of recursive equilibria, an enhanced account of the supermartingale convergence theorem, and an extended treatment of an optimal taxation problem in an economy in which there are incomplete markets. Completely new coverage in the second edition includes an introductory chapter, which gives an overview of the themes uniting the diverse topics treated throughout the book. Two new chapters offer a self-contained account of the optimal growth model and some of its basic applications in macroeconomics and public finance. Other new chapters cover such topics as how to formulate and compute Stackelberg or Ramsey plans in linear economies, sustainable risk-sharing equilibria without commitment, and the application of recursive contracts to topics in international trade. Most chapters conclude with exercises and the book includes two technical appendixes covering functional analysis and control and filtering.



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