Download Pdf Recursive Methods in Economic Dynamics
Recursive Methods in Economic Dynamics by Edward C. Prescott, Nancy L. Stokey, Robert E. Lucas
- Recursive Methods in Economic Dynamics
- Edward C. Prescott, Nancy L. Stokey, Robert E. Lucas
- Page: 303
- Format: pdf, ePub, mobi, fb2
- ISBN: 9780674750968
- Publisher: Harvard University Press
Free mp3 book downloader online Recursive Methods in Economic Dynamics 9780674750968 iBook by Edward C. Prescott, Nancy L. Stokey, Robert E. Lucas (English Edition)
<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>
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Syllabus - the Department of Economics, Yale University
Recursive Methods in Economic Dynamics by Nancy Stokey and Robert Lucas with Ed- ward Prescott; Recursive Macroeconomic Theory (Second Edition) by
Recursive Methods for Computing Equilibria of Business Cycle Models
combined with modern general equilibrium theory, is developed in Recursive. Methods in Economic Dynamics by Stokey and Lucas with Prescott. However, a.
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Dynamic Optimization. by Morton Kamien and Nancy Schwartz, 1991. - Recursive Methods in Economic Dynamics. by Nancy Stokey and Robert Lucas, 1989.
Books to Study Before Going to Graduate School in Economics
One book that is used quite often is Recursive Methods in Economic Dynamics by Nancy L. Stokey and Robert E. Lucas Jr. Although the book is almost 15 years
Recursive Methods for Macroeconomics - UCL
understand the formulation of dynamic recursive economic models in a way allowing application to empirical data;; understand the numerical methods used to
Nancy L. Stokey | The Federal Reserve Bank of Minneapolis
Stokey is coauthor (with Robert E. Lucas Jr. and Edward C. Prescott) of the influential monograph Recursive Methods in Economic Dynamics (1989), which has
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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