Name: Recursive Models of Dynamic Linear Economies (The Gorman Lectures in Economics) (en Inglés)
Price: 158852.00 COP
Availability: InStock
Author: Lars Peter Hansen; Thomas J. Sargent
ISBN: 9780691180731

portada Recursive Models of Dynamic Linear Economies (The Gorman Lectures in Economics) (en Inglés)

Recursive Models of Dynamic Linear Economies (The Gorman Lectures in Economics) (en Inglés)

Formato

Libro Físico

Editorial

Princeton University Press

Autor

Lars Peter Hansen; Thomas J. Sargent

Año

2018

Idioma

Inglés

N° páginas

424

Encuadernación

Tapa Blanda

ISBN13

9780691180731

Categorías

Econometría

Recursive Models of Dynamic Linear Economies (The Gorman Lectures in Economics) (en Inglés)

Lars Peter Hansen; Thomas J. Sargent (Autor) · Princeton University Press · Tapa Blanda

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Reseña del libro "Recursive Models of Dynamic Linear Economies (The Gorman Lectures in Economics) (en Inglés)"

A common set of mathematical tools underlies dynamic optimization, dynamic estimation, and filtering. In Recursive Models of Dynamic Linear Economies, Lars Peter Hansen and Thomas Sargent use these tools to create a class of econometrically tractable models of prices and quantities. They present examples from microeconomics, macroeconomics, and asset pricing. The models are cast in terms of a representative consumer. While Hansen and Sargent demonstrate the analytical benefits acquired when an analysis with a representative consumer is possible, they also characterize the restrictiveness of assumptions under which a representative household justifies a purely aggregative analysis. Hansen and Sargent unite economic theory with a workable econometrics while going beyond and beneath demand and supply curves for dynamic economies. They construct and apply competitive equilibria for a class of linear-quadratic-Gaussian dynamic economies with complete markets. Their book, based on the 2012 Gorman lectures, stresses heterogeneity, aggregation, and how a common structure unites what superficially appear to be diverse applications. An appendix describes MATLAB programs that apply to the book's calculations.