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Recursive Macroeconomic Theory : Second Edition 2004 г Твердый переплет ISBN 026212274X инфо 2628m.

Recursive Macroeconomic Theory : Second Edition 2004 г Твердый переплет ISBN 026212274X инфо 2628m.

Book DescriptionRecursive methods offer a powerful approach for characterizing and solving complicated problems in dynamic macroeconomics Recursive Macroeconomic Theory provides both an introduction to recursахмжбive methods and advanced material, mixing tools and sample applications The second edition contains substantial revisions to about half the original material, and extensive additional coverage appears in seven chapters new to this edition The updated and added materiбехнсal covers exciting new topics that further illustrate the power and pervasiveness of recursive methods Significant improvements to original chapters include a better treatment of the existence of recursive equilibria, an enhanced account of the supermartingale convergence theorem, and an extended treatment of an optimal taxation problem in an economy in which there are incomplete markets Completely new coverage in the second edition includes an introductory chapter, which gives an боянгoverview of the themes uniting the diverse topics treated throughout the book Two new chapters offer a self-contained account of the optimal growth model and some of its basic applications in macroeconomics and public finance Other new chapters cover such topics as how to formulate andcompute Stackelberg or Ramsey plans in linear economies, sustainable risk-sharing equilibria without commitment, and the application of recursive contracts to topics in international trade Most chapters conclude with exercises and the book includes two technical appendixes covering functional analysis and control and filtering.