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Recursive Macroeconomic Theory by Lars Ljungqvist, Thomas J. Sargent (Hardcover, 2012)

About this product

About this product

Product Information

A substantially revised new edition of a widely used text, offering both an introduction to recursive methods and advanced material. 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.

Product Identifiers

Publisher
MIT Press Ltd
ISBN-13
9780262018746
eBay Product ID (ePID)
129027643

Product Key Features

Author
Lars Ljungqvist, Thomas J. Sargent
Publication Name
Recursive Macroeconomic Theory
Format
Hardcover
Language
English
Subject
Economics
Publication Year
2012
Type
Textbook
Number of Pages
1360 Pages

Dimensions

Item Height
229mm
Item Width
178mm
Item Weight
2019g

Additional Product Features

Title_Author
Lars Ljungqvist, Thomas J. Sargent
Series Title
The MIT Press
Country/Region of Manufacture
United States

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