Thomas J. Sargent and Lars Ljungqvist - Recursive Macroeconomic Theory third edition Edition
Thomas J. Sargent and Lars Ljungqvist - Recursive
Macroeconomic Theory third edition Edition
Amazon.com: “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. Only
experience in solving practical problems fully conveys the power of the
recursive approach, and the book provides many applications. This third edition
offers substantial new material, with three entirely new chapters and
significant revisions to others. The new content reflects recent developments
in the field, further illustrating the power and pervasiveness of recursive
methods. New chapters cover asset pricing empirics with possible resolutions to
puzzles; analysis of credible government policy that entails state variables other
than reputation; and foundations of aggregate labor supply with time averaging
replacing employment lotteries. Other new material includes a multi-country
analysis of taxation in a growth model, elaborations of the fiscal theory of
the price level, and age externalities in a matching model.
The book is suitable for both first- and second-year
graduate courses in macroeconomics and monetary economics. Most chapters
conclude with exercises. Many exercises and examples use Matlab programs, which
are cited in a special index at the end of the book.”
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