Recursive Macroeconomic Theory / Edition 1

Recursive Macroeconomic Theory / Edition 1

by Lars Ljungqvist, Thomas J. Sargent
     
 

ISBN-10: 0262194511

ISBN-13: 9780262194518

Pub. Date: 08/21/2000

Publisher: MIT Press

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…  See more details below

Overview

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 new topics that further illustrate the power and pervasiveness of recursive methods.

Product Details

ISBN-13:
9780262194518
Publisher:
MIT Press
Publication date:
08/21/2000
Edition description:
Older Edition
Pages:
737
Product dimensions:
7.00(w) x 9.00(h) x 1.50(d)

Table of Contents

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 references for further reading.

The applications cover many substantive issues in macroeconomics, such as equilibrium asset prices, market incompleteness, wealth distribution, fiscal-monetary theories of inflation, government debt, optimal labor and capital taxation, time consistency and credible government policies, optimal social insurance, economic growth, and labor market dynamics.

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