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Recursive Methods in Economic Dynamics. Edward C. Prescott, Nancy L. Stokey, Robert E. Lucas
Recursive-Methods-in-Economic.pdf
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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Economics 817 - Queen's Economics Department - Queen's University
Main Text: Stokey, Nancy and Robert E. Lucas with Edward Prescott (1989) Recursive Methods in Economic Dynamics, Cambridge: Harvard University Press .
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Solutions Manual For ≪I≫Recursive Methods In Economic
Available in: Paperback. This solutions manual is a valuable companion volume to the classic textbook Recursive Methods in Economic
Recursive Methods in Economic Dynamics — Nancy L. Stokey
This rigorous but brilliantly lucid book presents a self-contained treatment of modern economic dynamics. Stokey, Lucas, and Prescott develop the basic
Markov Chains - University of Southern California
Stokey, Nancy L.; Lucas, Robert E., Jr. and Prescott, Edward C. Recursive Methods in Economic Dynamics. Cambridge, MA: Harvard University Press, 1989 . III.
Solutions Manual for "Recursive Methods in Economic Dynamics
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Nancy L. Stokey, Robert E. Lucas Jr., Edward C. Prescott Recursive
By Nancy L. Stokey, Robert E. Lucas Jr., Edward C. Prescott. Recursive Methods in Economic Dynamics Details: Amazon Sales Rank: #143835
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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