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Recursive Methods in Economic Dynamics. Edward C. Prescott, Nancy L. Stokey, Robert E. Lucas
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ISBN: 9780674750968 | 303 pages | 8 Mb
Recursive Methods in Economic Dynamics
Edward C. Prescott, Nancy L. Stokey, Robert E. Lucas
Page: 303
Format: pdf, ePub, fb2, mobi
ISBN: 9780674750968
Publisher: Harvard University Press
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<p> 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. </p> <p> After presenting an overview of the recursive approach, the authors develop economic applications for deterministic dynamic programming and the stability theory of first-order difference equations. They then treat stochastic dynamic programming and the convergence theory of discrete-time Markov processes, illustrating each with additional economic applications. They also derive a strong law of large numbers for Markov processes. Finally, they present the two fundamental theorems of welfare economics and show how to apply the methods developed earlier to general equilibrium systems. </p> <p> The authors go on to apply their methods to many areas of economics. Models of firm and industry investment, household consumption behavior, long-run growth, capital accumulation, job search, job matching, inventory behavior, asset pricing, and money demand are among those they use to show how predictions can he made about individual and social behavior. Researchers and graduate students in economic theory will find this book essential. </p>
Recursive Methods in Economic Dynamics / Edition 1 by Nancy L
Available in: Hardcover. This rigorous but brilliantly lucid book presents a self- contained treatment of modern economic dynamics. Stokey
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Stokey, N., R. Lucas, and E. Prescott, Recursive Methods in Economic Dynamics, Harvard Press, 1989 * Woodford, Interest and Prices, Princeton University
Recursive Methods in Economic Dynamics
Solutions Manual for. Recursive Methods in Economic Dynamics. Claudio Irigoyen. Esteban Rossi-Hansberg. Mark L. J. Wright. Harvard University Press.
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Third edition. Cambridge. University Press, 2007. [8] Nancy L. Stokey and Robert E. Lucas. Recursive Methods in Economic Dynamics. Harvard University Press
Economics 817 - Queen's Economics Department - Queen's University
Main Text: Stokey, Nancy and Robert E. Lucas with Edward Prescott (1989) Recursive Methods in Economic Dynamics, Cambridge: Harvard University Press .
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understand the formulation of dynamic recursive economic models in a way allowing application to empirical data;; understand the numerical methods used to
Recursive Methods in Economic Dynamics - U-System
Recursive Methods in Economic Dynamics. NANCY L. STOKEY. AND. ROBERT E. LUCAS, ]R. with Edward C. Prescott. Harvard University Press. Cambridge
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