RECURSIVE METHODS IN ECONOMIC DYNAMICS

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Recursive Methods In Economic Dynamics

Author : Nancy L. Stokey
ISBN : 9780674735187
Genre : Business & Economics
File Size : 75.83 MB
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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.
Category: Business & Economics

Recursive Methods In Economic Dynamics

Author : Nancy L. Stokey
ISBN : 9780674735194
Genre : Business & Economics
File Size : 38.34 MB
Format : PDF, Kindle
Download : 515
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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.
Category: Business & Economics

Recursive Methods In Economic Dynamics

Author : Nancy L. Stokey
ISBN : 0674750969
Genre : Business & Economics
File Size : 42.38 MB
Format : PDF, ePub, Docs
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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.
Category: Business & Economics

Solutions Manual For Recursive Methods In Economic Dynamics

Author : Claudio IRIGOYEN
ISBN : 9780674038967
Genre : Business & Economics
File Size : 34.9 MB
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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.
Category: Business & Economics

Recursive Macroeconomic Theory

Author : Lars Ljungqvist
ISBN : 026212274X
Genre : Business & Economics
File Size : 51.93 MB
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Recursive methods offer a powerful approach for characterizing and solvingcomplicated problems in dynamic macroeconomics. Recursive Macroeconomic Theory provides both anintroduction to recursive methods and advanced material, mixing tools and sample applications. Thesecond edition contains substantial revisions to about half the original material, and extensiveadditional coverage appears in seven chapters new to this edition. The updated and added materialcovers exciting new topics that further illustrate the power and pervasiveness of recursivemethods.Significant improvements to original chapters include a better treatment of the existence ofrecursive equilibria, an enhanced account of the supermartingale convergence theorem, and anextended treatment of an optimal taxation problem in an economy in which there are incompletemarkets. Completely new coverage in the second edition includes an introductory chapter, which givesan overview of the themes uniting the diverse topics treated throughout the book. Two new chaptersoffer a self-contained account of the optimal growth model and some of its basic applications inmacroeconomics and public finance. Other new chapters cover such topics as how to formulate andcompute Stackelberg or Ramsey plans in linear economies, sustainable risk-sharing equilibria withoutcommitment, and the application of recursive contracts to topics in international trade. Mostchapters conclude with exercises and the book includes two technical appendixes covering functionalanalysis and control and filtering.
Category: Business & Economics

Economic Dynamics In Discrete Time

Author : Jianjun Miao
ISBN : 9780262325608
Genre : Business & Economics
File Size : 65.2 MB
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This book offers a unified, comprehensive, and up-to-date treatment of analytical and numerical tools for solving dynamic economic problems. The focus is on introducing recursive methods -- an important part of every economist's set of tools -- and readers will learn to apply recursive methods to a variety of dynamic economic problems. The book is notable for its combination of theoretical foundations and numerical methods. Each topic is first described in theoretical terms, with explicit definitions and rigorous proofs; numerical methods and computer codes to implement these methods follow. Drawing on the latest research, the book covers such cutting-edge topics as asset price bubbles, recursive utility, robust control, policy analysis in dynamic New Keynesian models with the zero lower bound on interest rates, and Bayesian estimation of dynamic stochastic general equilibrium (DSGE) models. The book first introduces the theory of dynamical systems and numerical methods for solving dynamical systems, and then discusses the theory and applications of dynamic optimization. The book goes on to treat equilibrium analysis, covering a variety of core macroeconomic models, and such additional topics as recursive utility (increasingly used in finance and macroeconomics), dynamic games, and recursive contracts. The book introduces Dynare, a widely used software platform for handling a range of economic models; readers will learn to use Dynare for numerically solving DSGE models and performing Bayesian estimation of DSGE models. Mathematical appendixes present all the necessary mathematical concepts and results. Matlab codes used to solve examples are indexed and downloadable from the book's website. A solutions manual for students is available for sale from the MIT Press; a downloadable instructor's manual is available to qualified instructors.
Category: Business & Economics

Dynamic Economics

Author : Jérôme Adda
ISBN : 0262012014
Genre : Business & Economics
File Size : 54.30 MB
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An integrated approach to the empirical application of dynamic optimization programming models, for students and researchers.
Category: Business & Economics

The Economics Of Inaction

Author : Nancy L. Stokey
ISBN : 9780691135052
Genre : Business & Economics
File Size : 85.79 MB
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In The Economics of Inaction, leading economist Nancy Stokey shows how the tools of stochastic control can be applied to dynamic problems of decision making under uncertainty when fixed costs are present. Stokey provides a self-contained, rigorous, and clear treatment of two types of models, impulse and instantaneous control. She presents the relevant results about Brownian motion and other diffusion processes, develops methods for analyzing each type of problem, and discusses applications to price setting, investment, and durable goods purchases."--pub. desc.
Category: Business & Economics

Economic Dynamics

Author : John Stachurski
ISBN : 9780262012775
Genre : Business & Economics
File Size : 51.96 MB
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A rigorous and example-driven introduction to topics in economic dynamics, with an emphasis on mathematical and computational techniques for modeling dynamic systems.
Category: Business & Economics