Recursive Macroeconomic Theory (MIT Press)
| Author | : | |
| Rating | : | 4.69 (988 Votes) |
| Asin | : | 0262018748 |
| Format Type | : | paperback |
| Number of Pages | : | 1360 Pages |
| Publish Date | : | 2013-03-06 |
| Language | : | English |
DESCRIPTION:
. Lars Ljungqvist is Professor of Economics at the Stockholm School of Economics.Thomas J. He was the recipient of the 2011 Nobel Prize in Economics. Sargent is Berkley Professor of Economics and Business at New York University and Senior Fellow at the Hoover Institution
Most chapters conclude with exercises. 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. Recursive methods offer a powerful approach for characterizing and solving complicated problems in dynamic macroeconomics. 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 m
Lars Ljungqvist and Thomas Sargent's book provides comprehensive, how-to-do-it coverage of the methods of modern macroeconomic dynamics, illustrated with dozens of applications to real economic problems. It is both an encyclopedic, up-to-date reference and a practical teaching tool. All serious practicing macroeconomists should have a copy of this book on their shelves, and its pages should be well-worn. (Patrick Kehoe, Department of Economics, University of Minnesota) . (Robert Lucas, University of Chicago; Nobel Laureate in Economic Sciences, 1995)I have used this book repeatedly in teaching first year graduate macroeconomics and it is truly a tour-de-force. Graduate students that carefully read this book and do every exercise can call themselves well-educated in modern macroeconomics. It presents the issues in a clear way,
"Great Book" according to Zisos Kyriazis. This is maybe the greatest book written in the field of Macroeconomics! It incorporates DSGE models for every topic in Macroeconomics. The book is for Ph.D. level students.. "Five Stars" according to Amazon Customer. Great. dillongood! dillon4287 good!. "good!" according to dillongood! dillon4287 good!. 287. good!. 87 said good!. good!