ISBN 9780262194518 | 0262194511 Textbooks - "Recursive Macroeconomic Theory" by Thomas J Sargent Lars Ljungqvist Thomas J Ljungqvist Lars Sargent

Authors: Thomas J. Sargent - Lars Ljungqvist - Thomas J. - Ljungqvist - Lars; Sargent
ISBN 10: 0262194511
ISBN 13: 9780262194518
Edition: 1st
Release: August 21, 2000
Format: Hardcover (737 pages)
List Price: $65.00
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List Price: $65.00

Tags: Business & Investing, Popular Economics,

Book Description:
Recursive methods offer a powerful approach in dynamic macroeconomics. This book contains both an introduction to recursive tools, including standard applications such as asset pricing, and advanced material, including analyses of reputational mechanisms and contract design. The tools are presented with enough technical sophistication to get the reader started working on practical problems. When numerical simulations are called for, the book provides suggestions for how to proceed, as well as references for further reading. The applications cover many substantive issues in macroeconomics, such as equilibrium asset prices, market incompleteness, wealth distribution, fiscal-monetary theories of inflation, government debt, optimal labor and capital taxation, time consistency and credible government policies, optimal social insurance, economic growth, and labor market dynamics.

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