Recursive Macroeconomic Theory

Name: Recursive Macroeconomic Theory
Price: 8.38 USD
Availability: InStock
ISBN: 9780262194518

ISBN-10: 0262194511

ISBN-13: 9780262194518

Edition: 2000

Authors: Lars Ljungqvist, Thomas J. Sargent

List price: $65.00

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Description:

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…

Book details

List price: $65.00
Copyright year: 2000
Publisher: MIT Press
Publication date: 8/21/2000
Binding: Hardcover
Pages: 737
Size: 7.25" wide x 9.50" long x 1.25" tall
Weight: 2.794
Language: English

Thomas J. Sargent is Donald Lucas Professor of Economics at Stanford University and Senior Fellow at the Hoover Institution. A pioneer of the rational expectations school of macroeconomics, he is the author of The Conquest of American Inflation (Princeton), Bounded Rationality in Macroeconomics, and Dynamic Macroeconomic Theory. François R. Velde is Senior Economist at the Federal Reserve Bank in Chicago and Lecturer in Economics at the University of Chicago.



Acknowledgements


Preface to the second edition



The imperialism of recursive methods



Overview



Tools



Time Series



Dynamic Programming



Practical Dynamic Programming



Linear-Quadratic Dynamic Programming



Search, Matching, and Unemployment



Competitive equilibria and applications



Recursive (Partial) Equilibrium



Equilibrium with Complete Markets



Overlapping Generations Models



Ricardian Equivalence



Fiscal Policies in the Growth Model



Recursive Competitive Equilibria



Asset Pricing



Economic Growth



Optimal Taxation with Commitment



The savings problem and Bewley models



Self-Insurance



Incomplete Markets Models



Recursive contracts



Dynamic Stackelberg Problems



Insurance Versus Incentives



Equilibrium without Commitment



Optimal Unemployment Insurance



Credible Government Policies



Two Topics in International Trade



Classical monetary economics and search



Fiscal-Monetary Theories of Inflation



Credit and Currency



Equilibrium Search and Matching



Technical appendixes



Functional Analysis



Control and Filtering



References



Index



Author Index



Matlab Index