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Recursive Macroeconomic Theory / Edition 2
     

Recursive Macroeconomic Theory / Edition 2

by Lars Ljungqvist, Thomas J. Sargent, Thomas J. Sargent
 

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ISBN-10: 026212274X

ISBN-13: 9780262122740

Pub. Date: 09/01/2004

Publisher: MIT Press

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.

Overview

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.

Product Details

ISBN-13:
9780262122740
Publisher:
MIT Press
Publication date:
09/01/2004
Edition description:
second edition
Pages:
1120
Product dimensions:
7.00(w) x 9.00(h) x 1.95(d)
Age Range:
18 Years

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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