经济动力学中的递归方法(Repost)南希·L·斯托克、罗伯特·E·卢卡斯、爱德华·C·普雷斯科特【简介_书评_在线阅读-pdf mobi epub]

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经济动力学中的递归方法(Repost)南希·L·斯托克、罗伯特·E·卢卡斯、爱德华·C·普雷斯科特【简介_书评_在线阅读-pdf mobi epub]

Recursive Methods in Economic Dynamics (Repost) Nancy L. Stokey, Robert E. Lucas Jr., Edward C. Prescott【简介_书评_在线阅读-pdf mobi epub】中英文

图书信息

  • 种类: Business & Economics
  • 年: 1989
  • 出版社: Harvard University Press
  • 语言: english
  • 页: 303
  • ISBN 10: 0674750969
  • ISBN 13: 9780674750968
  • 文件: PDF, 18.97 MB
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    Recursive Methods in Economic Dynamics (Repost)

    作者:Nancy L. Stokey, Robert E. Lucas Jr., Edward C. Prescott


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    This rigorous but brilliantly lucid book presents a self-contained treatment of modern economic dynamics. Stokey, Lucas, and Prescott develop the basic methods of recursive analysis and illustrate the many areas where they can usefully be applied. After presenting an overview of the recursive approach, the authors develop economic applications for deterministic dynamic programming and the stability theory of first-order difference equations. They then treat stochastic dynamic programming and the convergence theory of discrete-time Markov processes, illustrating each with additional economic applications. They also derive a strong law of large numbers for Markov processes. Finally, they present the two fundamental theorems of welfare economics and show how to apply the methods developed earlier to general equilibrium systems. The authors go on to apply their methods to many areas of economics. Models of firm and industry investment, household consumption behavior, long-run growth, capital accumulation, job search, job matching, inventory behavior, asset pricing, and money demand are among those they use to show how predictions can he made about individual and social behavior. Researchers and graduate students in economic theory will find this book essential.

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