Recursive Methods in Economic Dynamics - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Recursive Methods in Economic Dynamics write by Nancy L. Stokey. This book was released on 1989-10-10. Recursive Methods in Economic Dynamics available in PDF, EPUB and Kindle. This rigorous but brilliantly lucid book presents a self-contained treatment of modern economic dynamics. Stokey, Lucas, and Prescott develop the basic methods of recursive analysis and illustrate the many areas where they can usefully be applied.
Recursive Macroeconomic Theory
Recursive Macroeconomic Theory - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Recursive Macroeconomic Theory write by Lars Ljungqvist. This book was released on 2004. Recursive Macroeconomic Theory available in PDF, EPUB and Kindle. A significant new edition of a text that offers both tools and sample applications; extensive revisions and seven new chapters improve and expand upon the original treatment.
Solutions Manual for Recursive Methods in Economic Dynamics
Solutions Manual for Recursive Methods in Economic Dynamics - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Solutions Manual for Recursive Methods in Economic Dynamics write by Claudio IRIGOYEN. This book was released on 2009-06-30. Solutions Manual for Recursive Methods in Economic Dynamics available in PDF, EPUB and Kindle. This solutions manual is a companion volume to the classic textbook Recursive Methods in Economic Dynamics by Nancy L. Stokey and Robert E. Lucas. Efficient and lucid in approach, this manual will greatly enhance the value of Recursive Methods as a text for self-study.
Economic Dynamics in Discrete Time
Economic Dynamics in Discrete Time - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Dynamics in Discrete Time write by Jianjun Miao. This book was released on 2014-09-19. Economic Dynamics in Discrete Time available in PDF, EPUB and Kindle. A unified, comprehensive, and up-to-date introduction to the analytical and numerical tools for solving dynamic economic problems. This book offers a unified, comprehensive, and up-to-date treatment of analytical and numerical tools for solving dynamic economic problems. The focus is on introducing recursive methods—an important part of every economist's set of tools—and readers will learn to apply recursive methods to a variety of dynamic economic problems. The book is notable for its combination of theoretical foundations and numerical methods. Each topic is first described in theoretical terms, with explicit definitions and rigorous proofs; numerical methods and computer codes to implement these methods follow. Drawing on the latest research, the book covers such cutting-edge topics as asset price bubbles, recursive utility, robust control, policy analysis in dynamic New Keynesian models with the zero lower bound on interest rates, and Bayesian estimation of dynamic stochastic general equilibrium (DSGE) models. The book first introduces the theory of dynamical systems and numerical methods for solving dynamical systems, and then discusses the theory and applications of dynamic optimization. The book goes on to treat equilibrium analysis, covering a variety of core macroeconomic models, and such additional topics as recursive utility (increasingly used in finance and macroeconomics), dynamic games, and recursive contracts. The book introduces Dynare, a widely used software platform for handling a range of economic models; readers will learn to use Dynare for numerically solving DSGE models and performing Bayesian estimation of DSGE models. Mathematical appendixes present all the necessary mathematical concepts and results. Matlab codes used to solve examples are indexed and downloadable from the book's website. A solutions manual for students is available for sale from the MIT Press; a downloadable instructor's manual is available to qualified instructors.
Dynamic Macroeconomic Theory
Dynamic Macroeconomic Theory - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Dynamic Macroeconomic Theory write by Thomas J. Sargent. This book was released on 2009-06-01. Dynamic Macroeconomic Theory available in PDF, EPUB and Kindle. The tasks of macroeconomics are to interpret observations on economic aggregates in terms of the motivations and constraints of economic agents and to predict the consequences of alternative hypothetical ways of administering government economic policy. General equilibrium models form a convenient context for analyzing such alternative government policies. In the past ten years, the strengths of general equilibrium models and the corresponding deficiencies of Keynesian and monetarist models of the 1960s have induced macroeconomists to begin applying general equilibrium models. This book describes some general equilibrium models that are dynamic, that have been built to help interpret time-series of observations of economic aggregates and to predict the consequences of alternative government interventions. The first part of the book describes dynamic programming, search theory, and real dynamic capital pricing models. Among the applications are stochastic optimal growth models, matching models, arbitrage pricing theories, and theories of interest rates, stock prices, and options. The remaining parts of the book are devoted to issues in monetary theory; currency-in-utility-function models, cash-in-advance models, Townsend turnpike models, and overlapping generations models are all used to study a set of common issues. By putting these models to work on concrete problems in exercises offered throughout the text, Sargent provides insights into the strengths and weaknesses of these models of money. An appendix on functional analysis shows the unity that underlies the mathematics used in disparate areas of rational expectations economics. This book on dynamic equilibrium macroeconomics is suitable for graduate-level courses; a companion book, Exercises in Dynamic Macroeconomic Theory, provides answers to the exercises and is also available from Harvard University Press.
