Brand New, Unread Copy in Perfect Condition. A+ Customer Service! Summary: 1. Dynamic ProgrammingBrock-Mirman (1972) Howard Policy-Improvement Algorithm Levhari-Srinivasan (1969) Habit Persistence: 1 Habit Persistence: 2 Lucas and Prescott (1971) and Kydland and Prescott (1982) Meet a Linear Regulator Interrelated Factor Demand Two-Sector Growth Models Learning to Enjoy Spare Time Investment with Adjustment Costs Investment with Signal Extraction 2. Search Being Unemployed with Only a Chance of an Offer Two Offers per Period A Random Number of Offers per Period Cyclical Fluctuations in Number of Job Offers Choosing the Number of Offers Mortensen Externality Variable Labor Supply Wage Growth Rate and the Reservation Wage Search with a Finite Horizon Finite Horizon and Mean-Preserving Spread Pissarides' Analysis of Taxation and Variable Search Intensity Search and Nonhuman Wealth Search and Asset Accumulation 3. Asset Prices and Consumption Taxation and Stock Prices Contingent Claims Prices in a Brock-Mirman Economy Trees (Stocks) in the Utility Function Government Debt in the Utility Function Tobin's q A Generalization of Logarithmic Preferences Arbitrage Pricing Modigliani-Miller Arbitrage Pricing and the Term Structure of Interest Rates Pricing One-Period Options Pricing n-Period Options 4. Currency in the Utility Function (no exercises) 5. Cash-in-Advance Models Private Wealth Unpleasant Monetarist Arithmetic A Permanent (McCallum) Government Deficit A Useful Identity under Interest on Reserves Defining the State Vector Computing an Equilibrium Interest on Reserves and Stock Prices Incentives for "Private Currencies" Other Interest-on-Reserve Schemes Stock Prices and Inflation 6. Credit and Currency with Long-Lived Agents Value of Unbacked Currency Computing Equilibrium Interest Rates "Self-Insurance" and the Permanent Income Theory The Distribution of Currency Rate-of-Return Dominance 7. Credit and Currency with Overlapping Generations Credit Controls Inside Money and Real Bills Social Security and the Price Level Seignorage Oscillating Physical Returns Indeterminacy of Exchange Rates Asset Prices and Volatility Unpleasant Monetarist Arithmetic Grandmont Bryant-Wallace 8. Government Finance in StochasticOverlapping-Generations Models A Version of Kareken-Wallace Exchange Rate Indeterminacy The Term Structure of State-Contingent Claims Wairas's Law: 1 Wairas's Law: 2 Constancy of Fiscal Policy Altered Version of Logarithmic Preferences Appendix. Functional Analysis for Macroeconomics Periodic Difference Equation Asset Pricing Index. N° de ref. de la librería
Sinopsis: This book is a companion volume to Dynamic Macroeconomic Theory by Thomas J. Sargent. It provides scrimmages in dynamic macroeconomic theory--precisely the kind of drills that people will need in order to learn the techniques of dynamic programming and its applications to economics. By doing these exercises, the reader can acquire the ability to put the theory to work in a variety of new situations, build technical skill, gain experience in fruitful ways of setting up problems, and learn to distinguish cases in which problems are well posed from cases in which they are not. The basic framework provided by variants of a dynamic general equilibrium model is used to analyze problems in macroeconomics and monetary economics. An equilibrium model provides a mapping from parameters of preferences, technologies, endowments, and "rules of the game" to a probability model for time series. The rigor of the logical connections between theory and observations that the mapping provides is an attractive feature of dynamic equilibrium, or "rational expectations," models. This book gives repeated and varied practice in constructing and interpreting this mapping.
About the Author: Rodolfo E. Manuelli is Professor of Economics, Stanford University.
Condición del libro: New
Descripción Harvard University Press, 1987. Estado de conservación: Good. 5th PRINTING. Former Library book. Shows some signs of wear, and may have some markings on the inside. Nº de ref. de la librería GRP35326947
Descripción Harvard University Press. PAPERBACK. Estado de conservación: Good. 0674274768 Item in good condition. Textbooks may not include supplemental items i.e. CDs, access codes etc. Nº de ref. de la librería Z0674274768Z3
Descripción Harvard University Press. Paperback. Estado de conservación: Good. Ex-Library Book - will contain Library Markings. Book shows minor use. Cover and Binding have minimal wear, and the pages have only minimal creases. Nº de ref. de la librería G0674274768I3N10
Descripción Harvard University Press, 1987. Paperback. Estado de conservación: Good. We have been selling books online for nearly 20 years, so buy with confidence. Every order is shipped the same day or the next day. This is a used book in good condition and may show some signs of use or wear . Nº de ref. de la librería mon0002446532
Descripción Harvard University Press, 1987. Paperback. Estado de conservación: Used: Good. Nº de ref. de la librería SONG0674274768
Descripción Harvard University Press, 1987. Paperback. Estado de conservación: Used: Good. Nº de ref. de la librería SKU8874745
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