Über dieses Produkt

Product Identifiers

PublisherMIT Press

ISBN-100262018748

ISBN-139780262018746

eBay Product ID (ePID)143685150

Product Key Features

Number of Pages1331 Pages

LanguageEnglish

Publication NameRecursive Macroeconomic Theory

Publication Year2012

SubjectEconomics / Macroeconomics, Logic, Economics / Theory

TypeTextbook

AuthorThomas J. Sargent, Lars Ljungqvist

Subject AreaMathematics, Business & Economics

FormatHardcover

Dimensions

Item Height2 in

Item Weight71.7 Oz

Item Length9.2 in

Item Width7.2 in

Additional Product Features

Edition Number3

Intended AudienceCollege Audience

LCCN2012-016608

Dewey Edition23

IllustratedYes

Dewey Decimal339.01/51135

SynopsisA substantially revised new edition of a widely used text, offering both an introduction to recursive methods and advanced material. 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.

LC Classification NumberHB172.5.L59 2012