Recursive macroeconomic theory
Title:
Recursive macroeconomic theory
Author:
Ljungqvist, Lars.
ISBN:
9780262122740
Personal Author:
Edition:
2nd ed.
Publication Information:
Cambridge, Mass. : MIT Press, c2004.
Physical Description:
xxxiv, 1082 p. : ill. ; 24 cm.
Contents:
Pt. I. The imperialism of recursive methods -- 1. Overview -- Pt. II. Tools -- 2. Time series -- 3. Dynamic programming -- 4. Practical dynamic programming -- 5. Linear quadratic dynamic programming -- 6. Search, matching, and unemployment -- Pt. III. Competitive equilibria and applications -- 7. Recursive (partial) equilibrium -- 8. Equilibrium with complete markets -- 9. Overlapping generations models -- 10. Ricardian equivalence -- 11. Fiscal policies in the growth model -- 12. Recursive competitive equilibria -- 13. Asset pricing -- 14. Economic growth -- 15. Optimal taxation with commitment -- Pt. IV. The savings problem and Bewley models -- 16. Self-insurance -- 17. Incomplete markets models -- Pt. V. Recursive contracts -- 18. Dynamic Stackelberg problems -- 19. Insurance versus incentives -- 20. Equilibrium without commitment -- 21. Optimal unemployment insurance -- 22. Credible government policies -- 23. Two topics in international trade.
Pt. VI. Classical monetary economics and search -- 24. Fiscal-monetary theories of inflation -- 25. Credit and currency -- 26. Equilibrium search and matching -- Pt. VII. Technical appendixes -- A. Functional analysis -- B. Control and filtering.
Abstract:
"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 new topics that further illustrate the power and pervasiveness of recursive methods."--BOOK JACKET.
Added Author: