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  3. Økonomisk teori og filosofi

Recursive Macroeconomic Theory

Af: Thomas J. Sargent, Lars Ljungqvist Engelsk Hardback

Recursive Macroeconomic Theory

Af: Thomas J. Sargent, Lars Ljungqvist Engelsk Hardback
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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.

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Tjek vores konkurrenters priser
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.

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Produktdetaljer
Sprog: Engelsk
Sider: 1480
ISBN-13: 9780262038669
Indbinding: Hardback
Udgave:
ISBN-10: 0262038668
Kategori: Økonomisk teori og filosofi
Udg. Dato: 11 sep 2018
Længde: 53mm
Bredde: 238mm
Højde: 189mm
Forlag: MIT Press Ltd
Oplagsdato: 11 sep 2018
Forfatter(e): Thomas J. Sargent, Lars Ljungqvist
Forfatter(e) Thomas J. Sargent, Lars Ljungqvist

Kategori Økonomisk teori og filosofi

ISBN-13 9780262038669

Sprog Engelsk

Indbinding Hardback

Sider 1480

Udgave

Længde 53mm

Bredde 238mm

Højde 189mm

Udg. Dato 11 sep 2018

Oplagsdato 11 sep 2018

Forlag MIT Press Ltd

Kategori sammenhænge