Download google books to ipad Recursive Methods in Economic Dynamics

Recursive Methods in Economic Dynamics. Edward C. Prescott, Nancy L. Stokey, Robert E. Lucas

Recursive-Methods-in.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

Download Recursive Methods in Economic Dynamics

Download google books to ipad Recursive Methods in Economic Dynamics

Overview

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.

Other ebooks:
Online books free download If Cats Disappeared from the World: A Novel by Genki Kawamura, Eric Selland in English ePub 9781250294050
Text books download pdf 2020 North American Coins & Prices: A Guide to U.S., Canadian and Mexican Coins by David C Harper (English literature) 9781440249099
Descargar libros de texto gratuitos en línea MUERTE EN EL REALITY SHOW
Ebook for iphone free download Grandmaster Preparation: Thinking Inside the Box
Descargar audiolibros online gratis BRUJAS Y NIGROMANTES: HERMANDAD de RAQUEL BRUNE
Free downloadable text books Grease Junkie: A book of moving parts by Edd China (English Edition)