Recursive macroeconomic theory [4th ed.] (Record no. 566434)
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020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
ISBN | 9780262038669 |
040 ## - CATALOGING SOURCE | |
Transcribing agency | IIT Kanpur |
041 ## - LANGUAGE CODE | |
Language code of text/sound track or separate title | eng |
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER | |
Classification number | 339.0151135 |
Item number | L769r4 |
100 ## - MAIN ENTRY--AUTHOR NAME | |
Personal name | Ljungqvist, Lars |
245 ## - TITLE STATEMENT | |
Title | Recursive macroeconomic theory [4th ed.] |
Statement of responsibility, etc | Lars Ljungqvist and Thomas J. Sargent |
250 ## - EDITION STATEMENT | |
Edition statement | 4th ed. |
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
Name of publisher | MIT Press |
Year of publication | 2018 |
Place of publication | Cambridge |
300 ## - PHYSICAL DESCRIPTION | |
Number of Pages | xxxvii, 1437p |
520 ## - SUMMARY, ETC. | |
Summary, etc | 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. |
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical Term | Recursive functions |
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical Term | Macroeconomics |
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical Term | Statics and dynamics (Social sciences) |
700 ## - ADDED ENTRY--PERSONAL NAME | |
Personal name | Sargent, Thomas J. |
942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
Koha item type | Books |
Withdrawn status | Lost status | Damaged status | Not for loan | Collection code | Home library | Current library | Date acquired | Source of acquisition | Cost, normal purchase price | Full call number | Accession Number | Cost, replacement price | Koha item type |
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TEXT | PK Kelkar Library, IIT Kanpur | PK Kelkar Library, IIT Kanpur | 28/04/2023 | 112 | 7302.99 | 339.0151135 L769r4 | A186113 | 10661.30 | Text Books |