We are open! For operations and delivery updates due to COVID-19. (click here)
0

Call Boomerang Books 1300 36 33 32

Description - Recursive Models of Dynamic Linear Economies by Lars Peter Hansen

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.

Buy Recursive Models of Dynamic Linear Economies by Lars Peter Hansen from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780691042770
ISBN-10: 0691042772
Format: Hardback
(254mm x 178mm x mm)
Pages: 424
Imprint: Princeton University Press
Publisher: Princeton University Press
Publish Date: 26-Dec-2013
Country of Publication: United States

Other Editions - Recursive Models of Dynamic Linear Economies by Lars Peter Hansen

Book Reviews - Recursive Models of Dynamic Linear Economies by Lars Peter Hansen

» Have you read this book? We'd like to know what you think about it - write a review about Recursive Models of Dynamic Linear Economies book by Lars Peter Hansen and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)


Author Biography - Lars Peter Hansen

Lars Peter Hansen is the David Rockefeller Distinguished Service Professor at the University of Chicago, where he is also the research director of the Becker Friedman Institute. Thomas J. Sargent is professor of economics at New York University and a senior fellow at the Hoover Institution at Stanford University. His books include "Rational Expectations and Inflation" and "The Conquest of American Inflation" (both Princeton). Hansen and Sargent are the coauthors of "Robustness" (Princeton). Sargent was awarded the Nobel Prize in economics in 2011 and Hansen received it in 2013.

A Preview for this title is currently not available.