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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
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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.

Student Solutions Manual to Accompany Economic Dynamics in Discrete Time

Student Solutions Manual to Accompany Economic Dynamics in Discrete Time Author Yue Jiang
ISBN-10 9780262323086
Release 2014-10-03
Pages 136
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This manual includes solutions to the odd-numbered exercises in Economic Dynamics in Discrete Time. Some exercises are purely analytical, while others require numerical methods. Computer codes are provided for most problems. Many exercises ask the reader to apply the methods learned in a chapter to solve related problems, but some exercises ask the reader to complete missing steps in the proof of a theorem or in the solution of an example in the book.

Recursive Methods in Economic Dynamics

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

Economic Dynamics in Discrete Time

Economic Dynamics in Discrete Time Author Jianjun Miao
ISBN-10 9780262325608
Release 2014-09-19
Pages 736
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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.

Recursive Macroeconomic Theory

Recursive Macroeconomic Theory Author Lars Ljungqvist
ISBN-10 9780262312028
Release 2012-08-31
Pages 1360
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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.

Exercises in Dynamic Macroeconomic Theory

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

Economic Dynamics

Economic Dynamics Author Ronald Shone
ISBN-10 0521017033
Release 2002-11-28
Pages 708
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The substantially revised and restructured 2nd edition of Ron Shone's successful textbook Economic Dynamics.

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

Economic Dynamics

Economic Dynamics Author John Stachurski
ISBN-10 9780262012775
Release 2009
Pages 373
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A rigorous and example-driven introduction to topics in economic dynamics, with an emphasis on mathematical and computational techniques for modeling dynamic systems.

Mathematical Statistics for Economics and Business

Mathematical Statistics for Economics and Business Author Ron C. Mittelhammer
ISBN-10 9781461450221
Release 2013-03-14
Pages 755
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Mathematical Statistics for Economics and Business, Second Edition, provides a comprehensive introduction to the principles of mathematical statistics which underpin statistical analyses in the fields of economics, business, and econometrics. The selection of topics in this textbook is designed to provide students with a conceptual foundation that will facilitate a substantial understanding of statistical applications in these subjects. This new edition has been updated throughout and now also includes a downloadable Student Answer Manual containing detailed solutions to half of the over 300 end-of-chapter problems. After introducing the concepts of probability, random variables, and probability density functions, the author develops the key concepts of mathematical statistics, most notably: expectation, sampling, asymptotics, and the main families of distributions. The latter half of the book is then devoted to the theories of estimation and hypothesis testing with associated examples and problems that indicate their wide applicability in economics and business. Features of the new edition include: a reorganization of topic flow and presentation to facilitate reading and understanding; inclusion of additional topics of relevance to statistics and econometric applications; a more streamlined and simple-to-understand notation for multiple integration and multiple summation over general sets or vector arguments; updated examples; new end-of-chapter problems; a solution manual for students; a comprehensive answer manual for instructors; and a theorem and definition map. This book has evolved from numerous graduate courses in mathematical statistics and econometrics taught by the author, and will be ideal for students beginning graduate study as well as for advanced undergraduates.

Dynamic Economics

Dynamic Economics Author Jérôme Adda
ISBN-10 0262012014
Release 2003
Pages 279
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An integrated approach to the empirical application of dynamic optimization programming models, for students and researchers.

Elements of Dynamic Optimization

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

Journal of Economic Literature

Journal of Economic Literature Author
ISBN-10 UCSD:31822033812611
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Journal of Economic Literature has been writing in one form or another for most of life. You can find so many inspiration from Journal of Economic Literature also informative, and entertaining. Click DOWNLOAD or Read Online button to get full Journal of Economic Literature book for free.

General Equilibrium Overlapping Generations Models and Optimal Growth Theory

General Equilibrium  Overlapping Generations Models  and Optimal Growth Theory Author Truman F. BEWLEY
ISBN-10 9780674020924
Release 2009-06-30
Pages 614
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This book presents an exposition of general equilibrium theory for advanced undergraduate and graduate-level students of economics. It contains discussions of economic efficiency, competitive equilibrium, the welfare theorems, the Kuhn-Tucker approach to general equilibrium, the Arrow-Debreu model, and rational expectations equilibrium and the permanent income hypothesis. It presents a unified approach to portions of macro- as well as microeconomic theory and contains problems sets for most chapters.

Dynamic Optimization Second Edition

Dynamic Optimization  Second Edition Author Morton I. Kamien
ISBN-10 9780486310282
Release 2013-04-17
Pages 400
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Since its initial publication, this text has defined courses in dynamic optimization taught to economics and management science students. The two-part treatment covers the calculus of variations and optimal control. 1998 edition.

Optimization in Economic Theory

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

Numerical Methods in Economics

Numerical Methods in Economics Author Kenneth L. Judd
ISBN-10 0262100711
Release 1998
Pages 633
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"Judd's book is a masterpiece which will help transform the way economic theory is done. It harnesses the computer revolution in the service of economic theory by collecting together a whole array of numerical methods to simulate and quantify models that used to be purely algebraic and qualitative." -- Avinash K. Dixit, Sherrerd University Professor of Economics, Princeton University To harness the full power of computer technology, economists need to use a broad range of mathematical techniques. In this book, Kenneth Judd presents techniques from the numerical analysis and applied mathematics literatures and shows how to use them in economic analyses. The book is divided into five parts. Part I provides a general introduction. Part II presents basics from numerical analysis on "Rn," including linear equations, iterative methods, optimization, nonlinear equations, approximation methods, numerical integration and differentiation, and Monte Carlo methods. Part III covers methods for dynamic problems, including finite difference methods, projection methods, and numerical dynamic programming. Part IV covers perturbation and asymptotic solution methods. Finally, Part V covers applications to dynamic equilibrium analysis, including solution methods for perfect foresight models and rational expectation models. A web site contains supplementary material including programs and answers to exercises.