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Recursive Methods in Economic Dynamics读书介绍

类别 页数 译者 网友评分 年代 出版社
书籍 608页 9.5 2020 Harvard University Press
定价 出版日期 最近访问 访问指数
USD 77.00 2020-02-20 … 2020-03-08 … 47
主题/类型/题材/标签
经济学,macroeconomics,宏观经济学,Dynamics,教材,economics,数学,宏观,
作者
Nancy L. Stokey      ISBN:9780674750968    原作名/别名:《》
内容和作者简介
Recursive Methods in Economic Dynamics摘要

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. 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. 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.

作者简介

Robert E. Lucas, Jr., is John Dewey Distinguished Service Professor of Economics at the University of Chicago. In 1995, he was awarded the Nobel Prize in Economics.

本书后续版本
未发行或暂未收录
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