Solutions Manual for Recursive Methods in Economic Dynamics - Softcover

Irigoyen, Claudio

Softcover

ISBN 10: 067400888X ISBN 13: 9780674008885

Publisher: Harvard University Press, 2003

Synopsis

This solutions manual is a valuable companion volume to the classic textbook "Recursive Methods in Economic Dynamics" by Nancy L. Stokey and Robert E. Lucas. The exercises in the Stokey and Lucas book are integral to the text, and thus, a reader cannot fully appreciate the text without understanding the results developed in the exercises. This manual provides detailed answers to the central exercises in "Recursive Methods". It does not, however, provide answers to every exercise, thereby leaving instructors with a crucial "test bank" of questions. The authors have divided "Recursive Methods" into three categories. The first category includes the chapters whose primary function is to present material and mathematical background that will be used in subsequent core chapters of the book. The second category contains the core results on recursive methods. The third category consists of applications of these techniques to economic models. The authors' selection of exercises from these categories is designed to maximize the readers' understanding of "Recursive Methods". Efficient and lucid in approach, this manual should greatly enhance the value of "Recursive Methods" as a text for self-study.

About this title

Review:

A magnificent work that is bound to have immense influence on the ways economists think about dynamic systems for many years to come. My own guess is that [Recursive Methods in Economic Dynamics] will eventually acquire the stature, say, of Hicks's Value and Capital or Samuelson's Foundations.--Thomas J. Sargent, The Hoover Institution

[Recursive Methods in Economic Dynamics] is a wonderful collection of results on the techniques of dynamic programming with great applications to economics written by giants in the field.--Sanford J. Grossman, University of Pennsylvania

About the Author:

Claudio Irigoyen is a graduate student in economics at the University of Chicago. Esteban Rossi-Hansberg is Professor of Economics and International Affairs, Princeton University. Mark Wright is Assistant Professor of Economics, University of California, Los Angeles.

About this edition

• Publisher: Harvard University Press
• Publication date: 2003
• ISBN 10: 067400888X
• ISBN 13: 9780674008885
• Binding: Paperback
• Number of pages: 256