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...
Saved in:
| 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 |
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.
