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Synopsis
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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About the Author
Lars Ljungqvist is Professor of Economics at the Stockholm School of Economics, Sweden. Thomas J. Sargent is Professor of Economics at Stanford University and Senior Fellow at the Hoover Institution.
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- PublisherMit Pr
- Publication date2000
- ISBN 10 0262194511
- ISBN 13 9780262194518
- BindingHardcover
- LanguageEnglish
- Edition number1
- Number of pages701
- Rating
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Recursive macroeconomic theory.
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Condition: very good. Cambridge : The MIT Press, 2000. Hardcover. xxxiv,701 pp. ; 24 cm. Condition : very good copy. ISBN 9780262194518. Keywords : ECONOMICS, Seller Inventory # 284233
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Hardcover. Condition: Très bon. Ancien livre de bibliothèque. Edition 2000. Ammareal reverse jusqu'à 15% du prix net de cet article à des organisations caritatives. ENGLISH DESCRIPTION Book Condition: Used, Very good. Former library book. Edition 2000. Ammareal gives back up to 15% of this item's net price to charity organizations. Seller Inventory # E-553-604
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Hardcover. Condition: Very Good. Hardcover. No dust jacket, as issued. Good binding and cover. Shelf wear. Small ink stains to front board and spine. Stamped on front end page. Clean, unmarked pages. "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." - MIT Press. Seller Inventory # 2110120062
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