Recursive Macroeconomic - Hardcover, by Ljungqvist Lars; Sargent

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Item specifics

Condition
Very Good: A book that has been read but is in excellent condition. No obvious damage to the cover, ...
Book Title
Recursive Macroeconomic Theory, fourth edition (Mit Press)
ISBN
9780262038669
Category

About this product

Product Identifiers

Publisher
MIT Press
ISBN-10
0262038668
ISBN-13
9780262038669
eBay Product ID (ePID)
13038589212

Product Key Features

Number of Pages
1480 Pages
Publication Name
Recursive Macroeconomic Theory, Fourth Edition
Language
English
Publication Year
2018
Subject
Economic History, Economics / Macroeconomics, Logic, Economics / Theory, Economics / Comparative
Type
Textbook
Subject Area
Mathematics, Business & Economics
Author
Thomas J. Sargent, Lars Ljungqvist
Format
Hardcover

Dimensions

Item Height
2.1 in
Item Weight
77.1 Oz
Item Length
9.4 in
Item Width
7.4 in

Additional Product Features

Edition Number
4
Intended Audience
Trade
LCCN
2018-002500
Dewey Edition
23
Illustrated
Yes
Dewey Decimal
339.01/51135
Synopsis
The substantially revised fourth edition of a widely used text, offering both an introduction to recursive methods and advanced material, mixing tools and sample applications. Recursive methods provide powerful ways to pose and solve problems in dynamic macroeconomics. Recursive Macroeconomic Theory offers both an introduction to recursive methods and more advanced material. Only practice in solving diverse problems fully conveys the advantages of the recursive approach, so the book provides many applications. This fourth edition features two new chapters and substantial revisions to other chapters that demonstrate the power of recursive methods. One new chapter applies the recursive approach to Ramsey taxation and sharply characterizes the time inconsistency of optimal policies. These insights are used in other chapters to simplify recursive formulations of Ramsey plans and credible government policies. The second new chapter explores the mechanics of matching models and identifies a common channel through which productivity shocks are magnified across a variety of matching models. Other chapters have been extended and refined. For example, there is new material on heterogeneous beliefs in both complete and incomplete markets models; and there is a deeper account of forces that shape aggregate labor supply elasticities in lifecycle models. The book is suitable for first- and second-year graduate courses in macroeconomics. Most chapters conclude with exercises; many exercises and examples use Matlab or Python computer programming languages.
LC Classification Number
HB172.5.L59 2018

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