Synopsis
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. The second edition contains substantial revisions to about half the original material, and extensive additional coverage appears in seven chapters new to this edition. The updated and added material covers exciting new topics that further illustrate the power and pervasiveness of recursive methods.Significant improvements to original chapters include a better treatment of the existence of recursive equilibria, an enhanced account of the supermartingale convergence theorem, and an extended treatment of an optimal taxation problem in an economy in which there are incomplete markets. Completely new coverage in the second edition includes an introductory chapter, which gives an overview of the themes uniting the diverse topics treated throughout the book. Two new chapters offer a self-contained account of the optimal growth model and some of its basic applications in macroeconomics and public finance. Other new chapters cover such topics as how to formulate and compute Stackelberg or Ramsey plans in linear economies, sustainable risk-sharing equilibria without commitment, and the application of recursive contracts to topics in international trade. Most chapters conclude with exercises and the book includes two technical appendixes covering functional analysis and control and filtering.
"synopsis" may belong to another edition of this title.
About the Authors
Lars Ljungqvist is Professor of Economics at the Stockholm School of Economics.
Thomas J. Sargent, awarded the 2011 Nobel Prize in Economic Sciences, is Berkley Professor of Economics and Business at New York University and Senior Fellow at the Hoover Institution.
"About this title" may belong to another edition of this title.
Other Popular Editions of the Same Title
Search results for Recursive Macroeconomic Theory 2e
Stock Image
Recursive Macroeconomic Theory
Seller: World of Books (was SecondSale), Montgomery, IL, U.S.A.
Seller rating 5 out of 5 stars
Condition: Good. Item in good condition. Textbooks may not include supplemental items i.e. CDs, access codes etc. Seller Inventory # 00095450475
Stock Image
Recursive Macroeconomic Theory
Seller: HPB-Red, Dallas, TX, U.S.A.
Seller rating 5 out of 5 stars
Hardcover. Condition: Good. Connecting readers with great books since 1972! Used textbooks may not include companion materials such as access codes, etc. May have some wear or writing/highlighting. We ship orders daily and Customer Service is our top priority! Seller Inventory # S_448137943
Stock Image
Recursive Macroeconomic Theory
Seller: Midtown Scholar Bookstore, Harrisburg, PA, U.S.A.
Seller rating 5 out of 5 stars
hardcover. Condition: Good. HARDCOVER Good - Bumped and creased book with tears to the extremities, but not affecting the text block, may have remainder mark or previous owner's name - GOOD Standard-sized. Seller Inventory # M026212274XZ3
Seller Image
Recursive Macroeconomic Theory
Seller: Goodbooks Company, Springdale, AR, U.S.A.
Seller rating 5 out of 5 stars
Condition: acceptable. This copy may contain significant wear, including bending, heavy writing, tears, and or water damage. This book is a functional copy, not necessarily a beautiful copy. Copy may have loose pages. May not include access codes or CDs. May be an Ex library book with stickers and stamps. Dustjacket may be missing. Seller Inventory # GBV.026212274X.A
Stock Image
Recursive Macroeconomic Theory (2nd Ed)
Seller: Anybook.com, Lincoln, United Kingdom
Seller rating 5 out of 5 stars
Condition: Fair. This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. In fair condition, suitable as a study copy. No dust jacket. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,1800grams, ISBN:9780262122740. Seller Inventory # 8625564
Stock Image
Recursive Macroeconomic Theory
Seller: Toscana Books, AUSTIN, TX, U.S.A.
Seller rating 5 out of 5 stars
Hardcover. Condition: new. Excellent Condition.Excels in customer satisfaction, prompt replies, and quality checks. Seller Inventory # Scanned026212274X
Stock Image
Recursive Macroeconomic Theory
Seller: DeckleEdge LLC, Albuquerque, NM, U.S.A.
Seller rating 5 out of 5 stars
hardcover. Condition: new. Seller Inventory # Shelfdream026212274X
Stock Image
Recursive Macroeconomic Theory Ljungqvist, Lars and Sargent, Thomas J.
Seller: online-buch-de, Dozwil, Switzerland
Seller rating 5 out of 5 stars
Sep 01, 2004. Condition: gebraucht; wie neu. Seller Inventory # 343-5-1-18