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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Bibliographic Details
Main Authors: Hansen, Lars Peter (Author), Sargent, Thomas J. (Author)
Format: eBook
Published: Princeton, New Jersey : Princeton University Press, [2014]
Series:Gorman lectures in economics.
Online Access:CONNECT
Table of Contents:
  • Acknowledgements
  • Preface
  • Overview
  • Theory and econometrics
  • Tools
  • Linear stochastic difference equations
  • Efficient computations
  • Components of economies
  • Economic environments
  • Optimal resource allocations
  • A commodity space
  • Competitive economies
  • Representations and properties
  • Statistical representations
  • Canonical household technologies
  • Examples
  • Permanent income models
  • Gorman heterogeneous households
  • Complete markets aggregation
  • References
  • Subject index
  • Author index
  • MATLAB index.