Recursive Methods in Economic Dynamics
Recursive Methods in Economic Dynamics

Recursive Methods in Economic Dynamics
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Harvard University Press

UPC:
978067475096

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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.
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Recursive Methods in Economic Dynamics Specs:
Product NameRecursive Methods in Economic Dynamics
ManufacturerHarvard University Press
Product Number MPN3422497
Retail Price $67.50
EAN-1409780674750968
UPC978067475096
Specifications 
TitleRecursive Methods in Economic Dynamics
ISBN0674750969
Author(s)Robert E. Lucas, Nancy L. Stokey, Lucas Robert E., Edward C. Prescott
Release DateNovember, 1989, 1989-11-01
FormatHardcover
Num of Pages616
Num. of Items1
EAN9780674750968
Weight2.2 lbs.
Deal first added on:20-January-2004

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Business / Economics / Finance Business & Economics Economics mathematics Economics - General Mathematical Models In Economics Recursive functions mathematical
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Latest 6 Reviews
Here is what people are saying about the Recursive Methods in Economic Dynamics
5 Star Rating  "The better thecnics for econometry."2009-04-24
- Reviewed By User: A2KBV0G9ULFG7V
This book is very important for the clearity and the elegancy of the mathematic methods that the auctor uses for explicating the application to macroeconomy. From the measure theory we arrive at theorem of the fixed point and the finite difference equations. It is important also the duality betwwen production and consumption.
 
5 Star Rating  "good book fo macro"2008-07-31
- Reviewed By User: A2C3ZYIMG3TM08
This is really a usful book for a graduate student who want to learn recursive methods in macro, especially in monetary theory.
 
3 Star Rating  "math explanation"2007-12-26
- Reviewed By mkuris
i refer this textbook to follow mathematical idea of macro dynamic programming. the excircises are helpful to deepen my understanding.
 
1 Star Rating  "A reader"2006-04-28
- Reviewed By stefansk
I have never, e*v*e*r encountered a worse book in any field in my entire life. Ok, so chapter 4 and 9 are cute - but you know what, you really don't need to write a book to publish 30 pages of material that is actually worth reading.

I had a clever teacher who once said: "If you want to pick mushrooms, go to the forest" - well, if you want to learn Math, take the bus and head to the math department. The presentation is completely unclear, there is no motivation and the math is treated in a ridiculusly simplified way.

According to SLP, to prove a theorem, all you need to do is make assumptions - no need to motivate why you make them - that would be overkill, rather leave it to the reder to motivate (as an annoying exercise).

I dream of the day a Mas-Collel of macro economics comes around and writes a comprehensive macro book. Until this day, I am left wiping my behind with chapter 1-3; 5-8; and 10-End. Oh well.
 
5 Star Rating  "The first step in the methods"2006-02-23
- Reviewed By User: A3TDZ56CJ0UK6P
This book is a first great step into the theory and results that you need to really understand the technicalities behind current research on Dynamic General Equilibrium Macroeconomics.
Further, it's an excellent complement of Sargent and Ljungqvist's Recursive Macroeconomic Theory.
 
5 Star Rating  "Essential"2004-11-08
- Reviewed By shark8696
Essential for understanding modern macroeconomic theory, for better or worse. Chapter 4 on Dynamic Programming under certainty and bounded returns is beautiful. I recommend using this book in conjunction with Sargent's RMT.
 
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