Download book on ipod Recursive Methods in Economic Dynamics
Recursive Methods in Economic Dynamics. Edward C. Prescott, Nancy L. Stokey, Robert E. Lucas
Recursive-Methods-in-Economic.pdf
ISBN: 9780674750968 | 303 pages | 8 Mb
- Recursive Methods in Economic Dynamics
- Edward C. Prescott, Nancy L. Stokey, Robert E. Lucas
- Page: 303
- Format: pdf, ePub, fb2, mobi
- ISBN: 9780674750968
- Publisher: Harvard University Press
Download Recursive Methods in Economic Dynamics
Download book on ipod Recursive Methods in Economic Dynamics
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.
Links:
Download book in english Wild Savage Stars: A Sweet Black Waves Novel by Kristina Perez
Book to download for free Dark Imperium Plague War: Plague War English version
Ebook gratis download epub Twink
eBookStore: The Priest in English FB2 MOBI 9781644055335
Text book free pdf download The Second Coming of the New Age: The Hidden Dangers of Alternative Spirituality in Contemporary America and Its Churches 9781948014113
Free pdf free ebook download Belt and Road: A Chinese World Order
Online book pdf download The Hive MOBI PDF ePub
Forum to download ebooks Shame Is an Ocean I Swim Across: Poems by Mary Lambert FB2 9781250211033
Books google downloader El pasaje (The Passage) 9788415139294 in English