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Exercises in Dynamic Macroeconomic Theory
Manuelli, Rodolfo E.; Sargent, Thomas J.
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Description for Exercises in Dynamic Macroeconomic Theory
Paperback. This book is a companion volume to "Dynamic Macroeconomic Theory" by Thomas J. Sargent. It provides scrimmages in dynamic macroeconomic theory--precisely the kind of drills that people will need in order to learn the techniques of dynamic programming and its applications to economics. Num Pages: 238 pages, illustrations, bibliography, index. BIC Classification: KCB. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 235 x 155 x 14. Weight in Grams: 335.
This book is a companion volume to Dynamic Macroeconomic Theory by Thomas J. Sargent. It provides scrimmages in dynamic macroeconomic theory--precisely the kind of drills that people will need in order to learn the techniques of dynamic programming and its applications to economics. By doing these exercises, the reader can acquire the ability to put the theory to work in a variety of new situations, build technical skill, gain experience in fruitful ways of setting up problems, and learn to distinguish cases in which problems are well posed from cases in which they are not. The basic framework provided by variants of a dynamic general equilibrium model is used to analyze problems in macroeconomics and monetary economics. An equilibrium model provides a mapping from parameters of preferences, technologies, endowments, and "rules of the game" to a probability model for time series. The rigor of the logical connections between theory and observations that the mapping provides is an attractive feature of dynamic equilibrium, or "rational expectations," models. This book gives repeated and varied practice in constructing and interpreting this mapping.
Product Details
Format
Paperback
Publication date
1987
Publisher
Harvard University Press United States
Number of pages
238
Condition
New
Number of Pages
238
Place of Publication
Cambridge, Mass, United States
ISBN
9780674274761
SKU
V9780674274761
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Manuelli, Rodolfo E.; Sargent, Thomas J.
Rodolfo E. Manuelli is Professor of Economics, Stanford University.
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