Recursive models of dynamic linear economies /
A common set of mathematical tools underlies dynamic optimization, dynamic estimation, and filtering. In Recursive Models of Dynamic Linear Economies, Lars Peter Hansen and Thomas Sargent use these tools to create a class of econometrically tractable models of prices and quantities. They present exa...
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| Main Authors: | , |
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| Format: | eBook |
| Language: | English |
| Published: |
Princeton, New Jersey :
Princeton University Press,
[2014]
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| Series: | Gorman lectures in economics.
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| Subjects: | |
| Online Access: | CONNECT CONNECT |
| Summary: | A common set of mathematical tools underlies dynamic optimization, dynamic estimation, and filtering. In Recursive Models of Dynamic Linear Economies, Lars Peter Hansen and Thomas Sargent use these tools to create a class of econometrically tractable models of prices and quantities. They present examples from microeconomics, macroeconomics, and asset pricing. The models are cast in terms of a representative consumer. While Hansen and Sargent demonstrate the analytical benefits acquired when an analysis with a representative consumer is possible, they also characterize the restrictiveness of a. |
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| Physical Description: | 1 online resource (xv, 399 pages) |
| Bibliography: | Includes bibliographical references (pages 379-392) and indexes. |
| ISBN: | 9781400848188 1400848180 9781306149983 1306149983 0691180733 9780691180731 |
