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      Recursive Macroeconomic Theory

      1 in stock

      Firm sale: non returnable item
      SKU 9780262038669 Categories ,
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      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...

      £107.00

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      Description

      Product ID:9780262038669
      Product Form:Hardback
      Country of Manufacture:US
      Series:The MIT Press
      Title:Recursive Macroeconomic Theory
      Authors:Author: Lars Ljungqvist, Thomas J. Sargent
      Page Count:1480
      Subjects:Economic theory and philosophy, Economic theory & philosophy, Macroeconomics, Macroeconomics
      Description:Select Guide Rating
      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.


      Imprint Name:MIT Press
      Publisher Name:MIT Press Ltd
      Country of Publication:GB
      Publishing Date:2018-09-11

      Additional information

      Weight2198 g
      Dimensions189 × 238 × 53 mm