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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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One book that is used quite often is Recursive Methods in Economic Dynamics by Nancy L. Stokey and Robert E. Lucas Jr. Although the book is almost 15 years   Productivity Growth: A New Era? - Society for Economic Dynamics
Stephen Williamson is Chester A. Phillips Professor of Financial Economics at the .. "Recursive Methods in Economic Dynamics," Harvard University Press. Recursive Methods in Economic Dynamics - Google Books Result
Journal of Economic Literature. Vol. XXIX (March 1991), pp. 69-77. A Review of Recursive. Methods in. Economic. Dynamics*. By KENNETH L. JUDD**. Recursive Methods in Economic Dynamics / Edition 1 by Nancy L
Available in: Hardcover. This rigorous but brilliantly lucid book presents a self- contained treatment of modern economic dynamics. Stokey  4 Dynamic Programming under Certainty
Reproduced from Recursive Methods in Economic Dynamics, Chpater 4 (pp. 66 to 102),. Dynamic Programming under Certainty. Nancy L. Stokey and Robert E. Solutions Manual for Recursive Methods in Economic Dynamics
Solutions Manual for Recursive Methods in Economic Dynamics [Claudio IRIGOYEN, Esteban Rossi-Hansberg and Mark L. J Wright]. This solutions manual is a  Ebook - Recursive Methods in Economic Dynamics By Edward C
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Recursive+Methods+in+Economic+Dynamics. 657 Reads. 303 p. Recursive Methods in Economic Dynamics - N. Stokey, R. Lucas (1989) WW. PDF Brochure - Research and Markets
Description: This solutions manual is a valuable companion volume to the classic textbook Recursive Methods in. Economic Dynamics by Nancy L. Stokey and  Recursive Methods, FS 2012
This is a class in 'theoretical computational economics'. The class will Stokey, N. and R. Lucas: Recursive Methods in Economic Dynamics.

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