|
Books > Business & Economics > Economics > Macroeconomics
|
Buy Now
Recursive Macroeconomic Theory (Hardcover, fourth edition)
Loot Price: R2,789
Discovery Miles 27 890
You Save: R392
(12%)
|
|
|
Recursive Macroeconomic Theory (Hardcover, fourth edition)
Series: The MIT Press
Expected to ship within 9 - 15 working days
|
The substantially revised fourth edition of a widely used text,
offering both an introduction to recursive methods and advanced
material, mixing tools and sample applications. Recursive methods
provide powerful ways to pose and solve problems in dynamic
macroeconomics. Recursive Macroeconomic Theory offers both an
introduction to recursive methods and more advanced material. Only
practice in solving diverse problems fully conveys the advantages
of the recursive approach, so the book provides many applications.
This fourth edition features two new chapters and substantial
revisions to other chapters that demonstrate the power of recursive
methods. One new chapter applies the recursive approach to Ramsey
taxation and sharply characterizes the time inconsistency of
optimal policies. These insights are used in other chapters to
simplify recursive formulations of Ramsey plans and credible
government policies. The second new chapter explores the mechanics
of matching models and identifies a common channel through which
productivity shocks are magnified across a variety of matching
models. Other chapters have been extended and refined. For example,
there is new material on heterogeneous beliefs in both complete and
incomplete markets models; and there is a deeper account of forces
that shape aggregate labor supply elasticities in lifecycle models.
The book is suitable for first- and second-year graduate courses in
macroeconomics. Most chapters conclude with exercises; many
exercises and examples use Matlab or Python computer programming
languages.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
You might also like..
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
(6)
