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.

About the Author

Lars Ljungqvist is Professor of Economics at the Stockholm School of Economics.

Thomas J. Sargent, awarded the 2011 Nobel Prize in Economic Sciences, is Berkley Professor of Economics and Business at New York University and Senior Fellow at the Hoover Institution.

"About this title" may belong to another edition of this title.

Store Description

Australian Book seller. Weide varierty of fiction and non-fiction books

Visit Seller's Storefront

Seller's business information

sadia zaki
21, harriet court, Salisbury Plain, SA, 5107, Australia

Sale & Shipping Terms

Terms of Sale

Ships from Australia , USA and India

Shipping Terms

Shipping rates are for 1 KG book. For heavy items additional charges may be requested

Shipping rates from Australia to U.S.A.

Shipping rates from Australia to U.S.A.
Order quantity	4 to 13 business days	3 to 6 business days
First item	US$ 0.00	US$ 15.00

Delivery times are set by sellers and vary by carrier and location. Orders passing through Customs may face delays and buyers are responsible for any associated duties or fees. Sellers may contact you regarding additional charges to cover any increased costs to ship your items.