Recursive Macroeconomic Theory (MIT Press)

3,92 valoración promedio
( 37 valoraciones por Goodreads )
 
9780262018746: Recursive Macroeconomic Theory (MIT Press)

Recursive methods offer a powerful approach for characterizing and solving complicated problems in dynamic macroeconomics. Recursive Macroeconomic Theory provides both an introduction to recursive methods and advanced material, mixing tools and sample applications. Only experience in solving practical problems fully conveys the power of the recursive approach, and the book provides many applications. This third edition offers substantial new material, with three entirely new chapters and significant revisions to others. The new content reflects recent developments in the field, further illustrating the power and pervasiveness of recursive methods. New chapters cover asset pricing empirics with possible resolutions to puzzles; analysis of credible government policy that entails state variables other than reputation; and foundations of aggregate labor supply with time averaging replacing employment lotteries. Other new material includes a multi-country analysis of taxation in a growth model, elaborations of the fiscal theory of the price level, and age externalities in a matching model.

The book is suitable for both first- and second-year graduate courses in macroeconomics and monetary economics. Most chapters conclude with exercises. Many exercises and examples use Matlab programs, which are cited in a special index at the end of the book.

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About the Author:

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

Thomas J. Sargent is Berkley Professor of Economics and Business at New York University and Senior Fellow at the Hoover Institution. He was the recipient of the 2011 Nobel Prize in Economics.

Review:

Lars Ljungqvist and Thomas Sargent's book provides comprehensive, how-to-do-it coverage of the methods of modern macroeconomic dynamics, illustrated with dozens of applications to real economic problems. It is both an encyclopedic, up-to-date reference and a practical teaching tool.

(Robert Lucas, University of Chicago; Nobel Laureate in Economic Sciences, 1995)

I have used this book repeatedly in teaching first year graduate macroeconomics and it is truly a tour-de-force. It presents the issues in a clear way, analyzes them with precise mathematics, and, importantly, has exciting problems that are just begging for smart students to solve them. Graduate students that carefully read this book and do every exercise can call themselves well-educated in modern macroeconomics. All serious practicing macroeconomists should have a copy of this book on their shelves, and its pages should be well-worn.

(Patrick Kehoe, Department of Economics, University of Minnesota)

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Ljungqvist, Lars
Editorial: MIT Press (2012)
ISBN 10: 0262018748 ISBN 13: 9780262018746
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Descripción MIT Press, 2012. HRD. Estado de conservación: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Nº de ref. de la librería WM-9780262018746

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Lars Ljungqvist, Thomas J. Sargent
Editorial: MIT Press Ltd, United States (2012)
ISBN 10: 0262018748 ISBN 13: 9780262018746
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Descripción MIT Press Ltd, United States, 2012. Hardback. Estado de conservación: New. third edition. Language: English . Brand New Book. Recursive methods offer a powerful approach for characterizing and solving complicated problems in dynamic macroeconomics. Recursive Macroeconomic Theory provides both an introduction to recursive methods and advanced material, mixing tools and sample applications. Only experience in solving practical problems fully conveys the power of the recursive approach, and the book provides many applications. This third edition offers substantial new material, with three entirely new chapters and significant revisions to others. The new content reflects recent developments in the field, further illustrating the power and pervasiveness of recursive methods. New chapters cover asset pricing empirics with possible resolutions to puzzles; analysis of credible government policy that entails state variables other than reputation; and foundations of aggregate labor supply with time averaging replacing employment lotteries. Other new material includes a multi-country analysis of taxation in a growth model, elaborations of the fiscal theory of the price level, and age externalities in a matching model.The book is suitable for both first- and second-year graduate courses in macroeconomics and monetary economics. Most chapters conclude with exercises. Many exercises and examples use Matlab programs, which are cited in a special index at the end of the book. Nº de ref. de la librería AAH9780262018746

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Lars Ljungqvist, Thomas J. Sargent
Editorial: MIT Press Ltd, United States (2012)
ISBN 10: 0262018748 ISBN 13: 9780262018746
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Descripción MIT Press Ltd, United States, 2012. Hardback. Estado de conservación: New. 3rd Revised edition. Language: English . Brand New Book. Recursive methods offer a powerful approach for characterizing and solving complicated problems in dynamic macroeconomics. Recursive Macroeconomic Theory provides both an introduction to recursive methods and advanced material, mixing tools and sample applications. Only experience in solving practical problems fully conveys the power of the recursive approach, and the book provides many applications. This third edition offers substantial new material, with three entirely new chapters and significant revisions to others. The new content reflects recent developments in the field, further illustrating the power and pervasiveness of recursive methods. New chapters cover asset pricing empirics with possible resolutions to puzzles; analysis of credible government policy that entails state variables other than reputation; and foundations of aggregate labor supply with time averaging replacing employment lotteries. Other new material includes a multi-country analysis of taxation in a growth model, elaborations of the fiscal theory of the price level, and age externalities in a matching model.The book is suitable for both first- and second-year graduate courses in macroeconomics and monetary economics. Most chapters conclude with exercises. Many exercises and examples use Matlab programs, which are cited in a special index at the end of the book. Nº de ref. de la librería AAH9780262018746

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Lars Ljungqvist, Thomas J. Sargent
Editorial: The MIT Press 2012-11-02, Cambridge, Massachusetts (2012)
ISBN 10: 0262018748 ISBN 13: 9780262018746
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Descripción The MIT Press 2012-11-02, Cambridge, Massachusetts, 2012. hardback. Estado de conservación: New. Nº de ref. de la librería 9780262018746

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Descripción MIT Press 2012-11-02, 2012. Estado de conservación: New. Brand new book, sourced directly from publisher. Dispatch time is 24-48 hours from our warehouse. Book will be sent in robust, secure packaging to ensure it reaches you securely. Nº de ref. de la librería NU-GRD-04948143

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Descripción 2012. Hardback. Estado de conservación: NEW. 9780262018746 This listing is a new book, a title currently in-print which we order directly and immediately from the publisher. Nº de ref. de la librería HTANDREE01143113

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Descripción Mit Pr, 2012. Hardcover. Estado de conservación: Brand New. 3rd edition. 1321 pages. 9.50x7.25x2.25 inches. In Stock. Nº de ref. de la librería __0262018748

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