Library Catalog
Amazon cover image
Image from Amazon.com

Recursive Models of Dynamic Linear Economies / Thomas J. Sargent, Lars Peter Hansen.

By: Contributor(s): Material type: TextTextSeries: The Gorman Lectures in Economics ; 6Publisher: Princeton, NJ : Princeton University Press, [2013]Copyright date: ©2014Edition: Course BookDescription: 1 online resource (424 p.) : 20 line illusContent type:
Media type:
Carrier type:
ISBN:
  • 9780691042770
  • 9781400848188
Subject(s): Other classification:
  • online - DeGruyter
Online resources: Available additional physical forms:
  • Issued also in print.
Contents:
Frontmatter -- Contents -- Preface -- Acknowledgments -- Part I. Overview -- Chapter 1. Theory and Econometrics -- Part II. Tools -- Chapter 2. Linear Stochastic Difference Equations -- Chapter 3. Efficient Computations -- Part III. Components of Economies -- Chapter 4. Economic Environments -- Chapter 5. Optimal Resource Allocations -- Chapter 6. A Commodity Space -- Chapter 7. Competitive Economies -- Part IV. Representations and Properties -- Chapter 8. Statistical Representations -- Chapter 9. Canonical Household Technologies -- Chapter 10. Examples -- Chapter 11. Permanent IncomeModels -- Chapter 12. Gorman Heterogeneous Households -- Chapter 13. Complete Markets Aggregation -- Chapter 14. Periodic Models of Seasonality -- Appendix A. MATLAB Programs -- References -- Subject Index -- Author Index -- MATLAB Index -- The Gorman Lectures in Economics
Summary: 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 examples from microeconomics, macroeconomics, and asset pricing. The models are cast in terms of a representative consumer. While Hansen and Sargent demonstrate the analytical benefits acquired when an analysis with a representative consumer is possible, they also characterize the restrictiveness of assumptions under which a representative household justifies a purely aggregative analysis.Hansen and Sargent unite economic theory with a workable econometrics while going beyond and beneath demand and supply curves for dynamic economies. They construct and apply competitive equilibria for a class of linear-quadratic-Gaussian dynamic economies with complete markets. Their book, based on the 2012 Gorman lectures, stresses heterogeneity, aggregation, and how a common structure unites what superficially appear to be diverse applications. An appendix describes MATLAB programs that apply to the book's calculations.
Holdings
Item type Current library Call number URL Status Notes Barcode
eBook eBook Biblioteca "Angelicum" Pont. Univ. S.Tommaso d'Aquino Nuvola online online - DeGruyter (Browse shelf(Opens below)) Online access Not for loan (Accesso limitato) Accesso per gli utenti autorizzati / Access for authorized users (dgr)9781400848188

Frontmatter -- Contents -- Preface -- Acknowledgments -- Part I. Overview -- Chapter 1. Theory and Econometrics -- Part II. Tools -- Chapter 2. Linear Stochastic Difference Equations -- Chapter 3. Efficient Computations -- Part III. Components of Economies -- Chapter 4. Economic Environments -- Chapter 5. Optimal Resource Allocations -- Chapter 6. A Commodity Space -- Chapter 7. Competitive Economies -- Part IV. Representations and Properties -- Chapter 8. Statistical Representations -- Chapter 9. Canonical Household Technologies -- Chapter 10. Examples -- Chapter 11. Permanent IncomeModels -- Chapter 12. Gorman Heterogeneous Households -- Chapter 13. Complete Markets Aggregation -- Chapter 14. Periodic Models of Seasonality -- Appendix A. MATLAB Programs -- References -- Subject Index -- Author Index -- MATLAB Index -- The Gorman Lectures in Economics

restricted access online access with authorization star

http://purl.org/coar/access_right/c_16ec

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 examples from microeconomics, macroeconomics, and asset pricing. The models are cast in terms of a representative consumer. While Hansen and Sargent demonstrate the analytical benefits acquired when an analysis with a representative consumer is possible, they also characterize the restrictiveness of assumptions under which a representative household justifies a purely aggregative analysis.Hansen and Sargent unite economic theory with a workable econometrics while going beyond and beneath demand and supply curves for dynamic economies. They construct and apply competitive equilibria for a class of linear-quadratic-Gaussian dynamic economies with complete markets. Their book, based on the 2012 Gorman lectures, stresses heterogeneity, aggregation, and how a common structure unites what superficially appear to be diverse applications. An appendix describes MATLAB programs that apply to the book's calculations.

Issued also in print.

Mode of access: Internet via World Wide Web.

In English.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)