Recursive Macroeconomic Theory Fourth Edition PDF Download
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| Author | : Lars Ljungqvist |
| Publisher | : MIT Press |
| Total Pages | : 1477 |
| Release | : 2018-09-11 |
| Genre | : Business & Economics |
| ISBN | : 0262038668 |
Download Recursive Macroeconomic Theory, fourth edition Book in PDF, ePub and Kindle
The substantially revised fourth edition of a widely used text, offering both an introduction to recursive methods and advanced material, mixing tools and sample applications. Recursive methods provide powerful ways to pose and solve problems in dynamic macroeconomics. Recursive Macroeconomic Theory offers both an introduction to recursive methods and more advanced material. Only practice in solving diverse problems fully conveys the advantages of the recursive approach, so the book provides many applications. This fourth edition features two new chapters and substantial revisions to other chapters that demonstrate the power of recursive methods. One new chapter applies the recursive approach to Ramsey taxation and sharply characterizes the time inconsistency of optimal policies. These insights are used in other chapters to simplify recursive formulations of Ramsey plans and credible government policies. The second new chapter explores the mechanics of matching models and identifies a common channel through which productivity shocks are magnified across a variety of matching models. Other chapters have been extended and refined. For example, there is new material on heterogeneous beliefs in both complete and incomplete markets models; and there is a deeper account of forces that shape aggregate labor supply elasticities in lifecycle models. The book is suitable for first- and second-year graduate courses in macroeconomics. Most chapters conclude with exercises; many exercises and examples use Matlab or Python computer programming languages.
| Author | : Lars Ljungqvist |
| Publisher | : MIT Press |
| Total Pages | : 1359 |
| Release | : 2012-08-31 |
| Genre | : Business & Economics |
| ISBN | : 0262312026 |
Download Recursive Macroeconomic Theory, third edition Book in PDF, ePub and Kindle
A substantially revised new edition of a widely used text, offering both an introduction to recursive methods and advanced material. Recursive methods offer a powerful approach for characterizing and solving complicated problems in dynamic macroeconomics. Recursive Macroeconomic Theory provides both an introduction to recursive methods and advanced material, mixing tools and sample applications. Only experience in solving practical problems fully conveys the power of the recursive approach, and the book provides many applications. This third edition offers substantial new material, with three entirely new chapters and significant revisions to others. The new content reflects recent developments in the field, further illustrating the power and pervasiveness of recursive methods. New chapters cover asset pricing empirics with possible resolutions to puzzles; analysis of credible government policy that entails state variables other than reputation; and foundations of aggregate labor supply with time averaging replacing employment lotteries. Other new material includes a multi-country analysis of taxation in a growth model, elaborations of the fiscal theory of the price level, and age externalities in a matching model. The book is suitable for both first- and second-year graduate courses in macroeconomics and monetary economics. Most chapters conclude with exercises. Many exercises and examples use Matlab programs, which are cited in a special index at the end of the book.
| Author | : Lars Ljungqvist |
| Publisher | : MIT Press |
| Total Pages | : 1120 |
| Release | : 2004 |
| Genre | : Business & Economics |
| ISBN | : 9780262122740 |
Download Recursive Macroeconomic Theory Book 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.
| Author | : Nancy L. Stokey |
| Publisher | : Harvard University Press |
| Total Pages | : 607 |
| Release | : 1989-10-10 |
| Genre | : Business & Economics |
| ISBN | : 0674735188 |
Download Recursive Methods in Economic Dynamics Book 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.
| Author | : Claudio IRIGOYEN |
| Publisher | : Harvard University Press |
| Total Pages | : 304 |
| Release | : 2009-06-30 |
| Genre | : Business & Economics |
| ISBN | : 0674038967 |
Download Solutions Manual for Recursive Methods in Economic Dynamics Book 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.
| Author | : Rodolfo E. Manuelli |
| Publisher | : Harvard University Press |
| Total Pages | : 242 |
| Release | : 2009-06-01 |
| Genre | : Business & Economics |
| ISBN | : 9780674040571 |
Download Exercises in Dynamic Macroeconomic Theory Book in PDF, ePub and Kindle
This book is a companion volume to Dynamic Macroeconomic Theory by Thomas J. Sargent. It provides scrimmages in dynamic macroeconomic theory--precisely the kind of drills that people will need in order to learn the techniques of dynamic programming and its applications to economics. By doing these exercises, the reader can acquire the ability to put the theory to work in a variety of new situations, build technical skill, gain experience in fruitful ways of setting up problems, and learn to distinguish cases in which problems are well posed from cases in which they are not.The basic framework provided by variants of a dynamic general equilibrium model is used to analyze problems in macroeconomics and monetary economics. An equilibrium model provides a mapping from parameters of preferences, technologies, endowments, and "rules of the game" to a probability model for time series. The rigor of the logical connections between theory and observations that the mapping provides is an attractive feature of dynamic equilibrium, or "rational expectations," models. This book gives repeated and varied practice in constructing and interpreting this mapping.
| Author | : Dean Corbae |
| Publisher | : Princeton University Press |
| Total Pages | : 696 |
| Release | : 2009-02-17 |
| Genre | : Business & Economics |
| ISBN | : 1400833086 |
Download An Introduction to Mathematical Analysis for Economic Theory and Econometrics Book in PDF, ePub and Kindle
Providing an introduction to mathematical analysis as it applies to economic theory and econometrics, this book bridges the gap that has separated the teaching of basic mathematics for economics and the increasingly advanced mathematics demanded in economics research today. Dean Corbae, Maxwell B. Stinchcombe, and Juraj Zeman equip students with the knowledge of real and functional analysis and measure theory they need to read and do research in economic and econometric theory. Unlike other mathematics textbooks for economics, An Introduction to Mathematical Analysis for Economic Theory and Econometrics takes a unified approach to understanding basic and advanced spaces through the application of the Metric Completion Theorem. This is the concept by which, for example, the real numbers complete the rational numbers and measure spaces complete fields of measurable sets. Another of the book's unique features is its concentration on the mathematical foundations of econometrics. To illustrate difficult concepts, the authors use simple examples drawn from economic theory and econometrics. Accessible and rigorous, the book is self-contained, providing proofs of theorems and assuming only an undergraduate background in calculus and linear algebra. Begins with mathematical analysis and economic examples accessible to advanced undergraduates in order to build intuition for more complex analysis used by graduate students and researchers Takes a unified approach to understanding basic and advanced spaces of numbers through application of the Metric Completion Theorem Focuses on examples from econometrics to explain topics in measure theory
| Author | : Pierre Cahuc |
| Publisher | : MIT Press |
| Total Pages | : 1081 |
| Release | : 2014-08-01 |
| Genre | : Business & Economics |
| ISBN | : 0262027704 |
Download Labor Economics, second edition Book in PDF, ePub and Kindle
The new edition of a widely used, comprehensive graduate-level text and professional reference covering all aspects of labor economics, with substantial new material. This landmark graduate-level text combines depth and breadth of coverage with recent, cutting-edge work in all the major areas of modern labor economics. Its command of the literature and its coverage of the latest theoretical, methodological, and empirical developments make it also a valuable resource for practicing labor economists. This second edition has been substantially updated and augmented. It incorporates examples drawn from many countries, and it presents empirical methods using contributions that have proved to be milestones in labor economics. The data and codes of these research publications, as well as numerous tables and figures describing the functioning of labor markets, are all available on a dedicated website (www.labor-economics.org), along with slides that can be used as course aids and a discussion forum. This edition devotes more space to the analysis of public policy and the levers available to policy makers, with new chapters on such topics as discrimination, globalization, income redistribution, employment protection, and the minimum wage or labor market programs for the unemployed. Theories are explained on the basis of the simplest possible models, which are in turn related to empirical results. Mathematical appendixes provide a toolkit for understanding the models.
| Author | : |
| Publisher | : Emerald Group Pub Limited |
| Total Pages | : 510 |
| Release | : 1987 |
| Genre | : Business & Economics |
| ISBN | : 9780126197518 |
Download Macroeconomic Theory Book in PDF, ePub and Kindle
Macroeconomic Theory, in its first edition, was widely adopted for use as a graduate text; this updated and expanded version should find even greater popularity as a text and as a research reference. It has been substantially revised to include three entirely new chapters: The Consumption Function, Government Debt and Taxes, and Dynamic Optimal Taxation. Significant additions have been made to three of the original chapters dealing with difference equations, stochastic difference equations, and investment under uncertainty. Key Features * This book has been substantially revised to include three entirely new chapters on consumption, government debt and taxes, and dynamic optimal taxation * Significant additions have been made to three of the original chapters dealing with difference equations, stochastic difference equations, and investment under uncertainty
| Author | : Thomas J. Sargent |
| Publisher | : Createspace Independent Publishing Platform |
| Total Pages | : 630 |
| Release | : 2016-09-15 |
| Genre | : |
| ISBN | : 9781537653532 |
Download Recursive Macroeconomic Theory Book in PDF, ePub and Kindle
Recursive methods offer a powerful approach for characterizing and solving complicated problems in dynamic macroeconomics. 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.
