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

Books for free online download Recursive Methods in Economic Dynamics English version


Download Recursive Methods in Economic Dynamics PDF

  • Recursive Methods in Economic Dynamics
  • Edward C. Prescott, Nancy L. Stokey, Robert E. Lucas
  • Page: 303
  • Format: pdf, ePub, mobi, fb2
  • ISBN: 9780674750968
  • Publisher: Harvard University Press

Recursive Methods in Economic Dynamics




Books for free online download Recursive Methods in Economic Dynamics English version

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: Télécharger des livres de google books pour allumer Sciences industrielles pour l'ingénieur MPSI-PCSI-PTSI - Tout-en-un download link, Free ipod book downloads The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution (English literature) read pdf, Descargar libro de android PACK TRILOGIA DEL BAZTAN 9788423351688 in Spanish CHM de DOLORES REDONDO download pdf, Amazon descarga libros iphone DISNEY BABIES. 6 DIBUJOS MÁGICOS: RASCA Y DESCUBRE 9788417240684 de en español download link, Online textbooks free download They Called Us Enemy pdf,