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Economics/Finances Recursive Macroeconomic Theory

Posted on 2010-03-16




Name:Economics/Finances Recursive Macroeconomic Theory
ASIN/ISBN:026212274X
Language:English
File size:3 Mb
ISBN: 026212274X
Pages: 1115 pages
File Type: PDF
File Size: 3 MB
Other Info: MIT Press; Édition : 2nd Revised edition (17 septembre 2004)
   Economics/Finances Recursive Macroeconomic Theory

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Recursive Macroeconomic Theory

Recursive methods offer a powerful approach in dynamic macroeconomics. This book contains both an introduction to recursive tools, including standard applications such as asset pricing, and advanced material, including analyses of reputational mechanisms and contract design. The tools are presented with enough technical sophistication to get the reader started working on practical problems. When numerical simulations are called for, the book provides suggestions for how to proceed, as well as references for further reading. The applications cover many substantive issues in macroeconomics, such as equilibrium asset prices, market incompleteness, wealth distribution, fiscal-monetary theories of inflation, government debt, optimal labor and capital taxation, time consistency and credible government policies, optimal social insurance, economic growth, and labor market dynamics. --Ce texte fait référence à une édition épuisée ou non disponible de ce titre.

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