[download pdf] Recursive Methods in Economic Dynamics

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>

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Nancy L. Stokey, Robert E. Lucas, Edward C. Prescott. (10 October 1989). dynamic_programming. Recursive Methods in Economic Dynamics - Nancy - Google Books
After presenting an overview of the recursive approach, the authors develop economic applications for deterministic dynamic programming and the stability  Recursive Methods in Economic Dynamics - AbeBooks
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combined with modern general equilibrium theory, is developed in Recursive. Methods in Economic Dynamics by Stokey and Lucas with Prescott. However, a. Dynamic Optimization & Economic Applications (Recursive Methods)
The unifying theme of this course is best captured by the title of our main reference book: 'Recursive Methods in Economic Dynamics'. We start by covering   経済動学における逐次的手法Recursive Methods in Economic Dynamics
基本説明. Develops the basic methods of recursive analysis, covers stochastic dynamic programming, and presents two fundamental theorems of welfare  A Review of Recursive Methods in Economic Dynamics - jstor
Journal of Economic Literature. Vol. XXIX (March 1991), pp. 69-77. A Review of Recursive. Methods in. Economic. Dynamics*. By KENNETH L. JUDD**. GSIE - Graduate Studies in International Economics - Economia
Optimization and Stochastic Methods in Economics C. Prescott, Recursive Methods in Economic Dynamics, Cambridge (MA), Harvard University Press, 1989. A Review of Recursive Methods in Economic Dynamics
A Review of Recursive Methods in Economic Dynamics. Contents: Author info; Abstract; Bibliographic info; Download info; Related research; References

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