Download or read online books in PDF, EPUB and Mobi Format. Click Download or Read Online button to get book now. This site is like a library, Use search box in the widget to get ebook that you want.

Recursive Methods in Economic Dynamics

Recursive Methods in Economic Dynamics Author Nancy L. Stokey
ISBN-10 9780674735187
Release 1989-10-10
Pages 607
Download Link Click Here

This rigorous but brilliantly lucid book presents a self-contained treatment of modern economic dynamics. Stokey, Lucas, and Prescott develop the basic methods of recursive analysis and illustrate the many areas where they can usefully be applied.



Recursive Methods in Economic Dynamics

Recursive Methods in Economic Dynamics Author Nancy L. Stokey
ISBN-10 9780674735194
Release 1989-10-10
Pages 608
Download Link Click Here

This rigorous but brilliantly lucid book presents a self-contained treatment of modern economic dynamics. Stokey, Lucas, and Prescott develop the basic methods of recursive analysis and illustrate the many areas where they can usefully be applied.



Recursive Methods in Economic Dynamics

Recursive Methods in Economic Dynamics Author Nancy L. Stokey
ISBN-10 0674750969
Release 1989-10-10
Pages 588
Download Link Click Here

This rigorous but brilliantly lucid book presents a self-contained treatment of modern economic dynamics. Stokey, Lucas, and Prescott develop the basic methods of recursive analysis and illustrate the many areas where they can usefully be applied.



Solutions Manual for Recursive Methods in Economic Dynamics

Solutions Manual for Recursive Methods in Economic Dynamics Author Claudio IRIGOYEN
ISBN-10 9780674038967
Release 2009-06-30
Pages 304
Download Link Click Here

This solutions manual is a companion volume to the classic textbook Recursive Methods in Economic Dynamics by Nancy L. Stokey and Robert E. Lucas. Efficient and lucid in approach, this manual will greatly enhance the value of Recursive Methods as a text for self-study.



Recursive Macroeconomic Theory

Recursive Macroeconomic Theory Author Lars Ljungqvist
ISBN-10 026212274X
Release 2004
Pages 1082
Download Link Click Here

Recursive methods offer a powerful approach for characterizing and solvingcomplicated problems in dynamic macroeconomics. Recursive Macroeconomic Theory provides both anintroduction to recursive methods and advanced material, mixing tools and sample applications. Thesecond edition contains substantial revisions to about half the original material, and extensiveadditional coverage appears in seven chapters new to this edition. The updated and added materialcovers exciting new topics that further illustrate the power and pervasiveness of recursivemethods.Significant improvements to original chapters include a better treatment of the existence ofrecursive equilibria, an enhanced account of the supermartingale convergence theorem, and anextended treatment of an optimal taxation problem in an economy in which there are incompletemarkets. Completely new coverage in the second edition includes an introductory chapter, which givesan overview of the themes uniting the diverse topics treated throughout the book. Two new chaptersoffer a self-contained account of the optimal growth model and some of its basic applications inmacroeconomics and public finance. Other new chapters cover such topics as how to formulate andcompute Stackelberg or Ramsey plans in linear economies, sustainable risk-sharing equilibria withoutcommitment, and the application of recursive contracts to topics in international trade. Mostchapters conclude with exercises and the book includes two technical appendixes covering functionalanalysis and control and filtering.



Economic Dynamics in Discrete Time

Economic Dynamics in Discrete Time Author Jianjun Miao
ISBN-10 9780262325608
Release 2014-09-19
Pages 736
Download Link Click Here

This book offers a unified, comprehensive, and up-to-date treatment of analytical and numerical tools for solving dynamic economic problems. The focus is on introducing recursive methods -- an important part of every economist's set of tools -- and readers will learn to apply recursive methods to a variety of dynamic economic problems. The book is notable for its combination of theoretical foundations and numerical methods. Each topic is first described in theoretical terms, with explicit definitions and rigorous proofs; numerical methods and computer codes to implement these methods follow. Drawing on the latest research, the book covers such cutting-edge topics as asset price bubbles, recursive utility, robust control, policy analysis in dynamic New Keynesian models with the zero lower bound on interest rates, and Bayesian estimation of dynamic stochastic general equilibrium (DSGE) models. The book first introduces the theory of dynamical systems and numerical methods for solving dynamical systems, and then discusses the theory and applications of dynamic optimization. The book goes on to treat equilibrium analysis, covering a variety of core macroeconomic models, and such additional topics as recursive utility (increasingly used in finance and macroeconomics), dynamic games, and recursive contracts. The book introduces Dynare, a widely used software platform for handling a range of economic models; readers will learn to use Dynare for numerically solving DSGE models and performing Bayesian estimation of DSGE models. Mathematical appendixes present all the necessary mathematical concepts and results. Matlab codes used to solve examples are indexed and downloadable from the book's website. A solutions manual for students is available for sale from the MIT Press; a downloadable instructor's manual is available to qualified instructors.



Dynamic Economics

Dynamic Economics Author Jérôme Adda
ISBN-10 0262012014
Release 2003
Pages 279
Download Link Click Here

An integrated approach to the empirical application of dynamic optimization programming models, for students and researchers.



The Economics of Inaction

The Economics of Inaction Author Nancy L. Stokey
ISBN-10 9780691135052
Release 2009
Pages 308
Download Link Click Here

In The Economics of Inaction, leading economist Nancy Stokey shows how the tools of stochastic control can be applied to dynamic problems of decision making under uncertainty when fixed costs are present. Stokey provides a self-contained, rigorous, and clear treatment of two types of models, impulse and instantaneous control. She presents the relevant results about Brownian motion and other diffusion processes, develops methods for analyzing each type of problem, and discusses applications to price setting, investment, and durable goods purchases."--pub. desc.



Recursive Methods in Economic Dynamics

Recursive Methods in Economic Dynamics Author Nancy L. Stokey
ISBN-10 0231065485
Release 1989
Pages 588
Download Link Click Here

Recursive Methods in Economic Dynamics has been writing in one form or another for most of life. You can find so many inspiration from Recursive Methods in Economic Dynamics also informative, and entertaining. Click DOWNLOAD or Read Online button to get full Recursive Methods in Economic Dynamics book for free.



Economic Dynamics

Economic Dynamics Author John Stachurski
ISBN-10 9780262012775
Release 2009
Pages 373
Download Link Click Here

A rigorous and example-driven introduction to topics in economic dynamics, with an emphasis on mathematical and computational techniques for modeling dynamic systems.



Dynamic Macroeconomic Theory

Dynamic Macroeconomic Theory Author Thomas J. Sargent
ISBN-10 0674043081
Release 2009-06-01
Pages 384
Download Link Click Here

The tasks of macroeconomics are to interpret observations on economic aggregates in terms of the motivations and constraints of economic agents and to predict the consequences of alternative hypothetical ways of administering government economic policy. General equilibrium models form a convenient context for analyzing such alternative government policies. In the past ten years, the strengths of general equilibrium models and the corresponding deficiencies of Keynesian and monetarist models of the 1960s have induced macroeconomists to begin applying general equilibrium models. This book describes some general equilibrium models that are dynamic, that have been built to help interpret time-series of observations of economic aggregates and to predict the consequences of alternative government interventions. The first part of the book describes dynamic programming, search theory, and real dynamic capital pricing models. Among the applications are stochastic optimal growth models, matching models, arbitrage pricing theories, and theories of interest rates, stock prices, and options. The remaining parts of the book are devoted to issues in monetary theory; currency-in-utility-function models, cash-in-advance models, Townsend turnpike models, and overlapping generations models are all used to study a set of common issues. By putting these models to work on concrete problems in exercises offered throughout the text, Sargent provides insights into the strengths and weaknesses of these models of money. An appendix on functional analysis shows the unity that underlies the mathematics used in disparate areas of rational expectations economics. This book on dynamic equilibrium macroeconomics is suitable for graduate-level courses; a companion book, Exercises in "Dynamic Macroeconomic Theory," provides answers to the exercises and is also available from Harvard University Press.



Dynamic Economics

Dynamic Economics Author Gregory C. Chow
ISBN-10 9780195101928
Release 1997
Pages 234
Download Link Click Here

This work presents the optimization framework for dynamic economics and treats a number of topics in economics, including growth, macroeconomics, microeconomics, finance and dynamic games. The book also teaches by examples, using concepts to solve simple problems, moving on to general propositions.



Optimization in Economic Theory

Optimization in Economic Theory Author Avinash K. Dixit
ISBN-10 0198772106
Release 1990
Pages 188
Download Link Click Here

Building on a base of simple economic theory and elementary linear algebra and calculus, this broad treatment of static and dynamic optimization methods discusses the importance of shadow prices, and reviews functions defined by solutions of optimization problems. Recently revised and expanded, the second edition will be a valuable resource for upper level undergraduate and graduate students.



Elements of Dynamic Optimization

Elements of Dynamic Optimization Author Alpha C. Chiang
ISBN-10 9781478608349
Release 1999-12-22
Pages 327
Download Link Click Here

In this text, Dr. Chiang introduces students to the most important methods of dynamic optimization used in economics. The classical calculus of variations, optimal control theory, and dynamic programming in its discrete form are explained in the usual Chiang fashion, with patience and thoroughness. The economic examples, selected from both classical and recent literature, serve not only to illustrate applications of the mathematical methods, but also to provide a useful glimpse of the development of thinking in several areas of economics.



Exercises in Dynamic Macroeconomic Theory

Exercises in Dynamic Macroeconomic Theory Author Rodolfo E. Manuelli
ISBN-10 0674040570
Release 2009-06-01
Pages 238
Download Link Click Here

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.



Mathematical Methods and Models for Economists

Mathematical Methods and Models for Economists Author Angel de la Fuente
ISBN-10 0521585295
Release 2000-01-28
Pages 835
Download Link Click Here

A textbook for a first-year PhD course in mathematics for economists and a reference for graduate students in economics.



Foundations of Dynamic Economic Analysis

Foundations of Dynamic Economic Analysis Author Michael R. Caputo
ISBN-10 9781107717633
Release 2005-01-10
Pages 592
Download Link Click Here

Foundations of Dynamic Economic Analysis presents a modern and thorough exposition of the fundamental mathematical formalism used to study optimal control theory, i.e., continuous time dynamic economic processes, and to interpret dynamic economic behavior. The style of presentation, with its continual emphasis on the economic interpretation of mathematics and models, distinguishes it from several other excellent texts on the subject. This approach is aided dramatically by introducing the dynamic envelope theorem and the method of comparative dynamics early in the exposition. Accordingly, motivated and economically revealing proofs of the transversality conditions come about by use of the dynamic envelope theorem. Furthermore, such sequencing of the material naturally leads to the development of the primal-dual method of comparative dynamics and dynamic duality theory, two modern approaches used to tease out the empirical content of optimal control models. The stylistic approach ultimately draws attention to the empirical richness of optimal control theory, a feature missing in virtually all other textbooks of this type.