Recursive macroeconomic theory
Author(s)
Bibliographic Information
Recursive macroeconomic theory
MIT Press, c2000
Related Bibliography 1 items
Available at / 11 libraries
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University Library for Agricultural and Life Sciences, The University of Tokyo図
331.19:L755010238979
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Note
Pagination differs from <BA48765452> (xxxiv, 701 p.)
Bibliography: p. [709]-731
Includes indexes
Description and Table of Contents
Description
Recursive methods offer a powerful approach in dynamic macroeconomics. This book contains both an introduction to recursive tools, including standard applications such as asset pricing, and advanced material, including analyses of reputational mechanisms and contract design. The tools are presented with enough technical sophistication to get the reader started working on practical problems. When numerical simulations are called for, the book provides suggestions for how to proceed, as well as references for further reading. The applications cover many substantive issues in macroeconomics, such as equilibrium asset prices, market incompleteness, wealth distribution, fiscal-monetary theories of inflation, government debt, optimal labour and capital taxation, time consistency and credible government policies, optimal social insurance, economic growth and labour market dynamics.
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