Recursive Macroeconomic Theory (Mit Press)

Ljungqvist, Lars; Sargent, Thomas J

ISBN 10: 0262018748 / ISBN 13: 9780262018746

Edité par MIT Press (edition 3rd ed.), 2012

It's a well-cared-for item that has seen limited use. The item may show minor signs of wear. All the text is legible, with all pages included. It may have slight markings and/or highlighting. N° de réf. du vendeur 0262018748-8-1

Synopsis :

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.

À propos de l'auteur: Lars Ljungqvist is Professor of Economics at the Stockholm School of Economics.

Thomas J. Sargent, awarded the 2011 Nobel Prize in Economic Sciences, is Berkley Professor of Economics and Business at New York University and Senior Fellow at the Hoover Institution.

Détails bibliographiques

Titre : Recursive Macroeconomic Theory (Mit Press)
Éditeur : MIT Press (edition 3rd ed.)
Date d'édition : 2012
Reliure : Hardcover
Etat : Very Good
Edition : 3rd ed.