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020 _a9780691042770
_qprint
020 _a9781400848188
_qPDF
024 7 _a10.1515/9781400848188
_2doi
035 _a(DE-B1597)9781400848188
035 _a(DE-B1597)453938
035 _a(OCoLC)979905373
040 _aDE-B1597
_beng
_cDE-B1597
_erda
072 7 _aBUS069030
_2bisacsh
084 _aonline - DeGruyter
100 1 _aHansen, Lars Peter
_eautore
245 1 0 _aRecursive Models of Dynamic Linear Economies /
_cThomas J. Sargent, Lars Peter Hansen.
250 _aCourse Book
264 1 _aPrinceton, NJ :
_bPrinceton University Press,
_c[2013]
264 4 _c©2014
300 _a1 online resource (424 p.) :
_b20 line illus.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 0 _aThe Gorman Lectures in Economics ;
_v6
505 0 0 _tFrontmatter --
_tContents --
_tPreface --
_tAcknowledgments --
_tPart I. Overview --
_tChapter 1. Theory and Econometrics --
_tPart II. Tools --
_tChapter 2. Linear Stochastic Difference Equations --
_tChapter 3. Efficient Computations --
_tPart III. Components of Economies --
_tChapter 4. Economic Environments --
_tChapter 5. Optimal Resource Allocations --
_tChapter 6. A Commodity Space --
_tChapter 7. Competitive Economies --
_tPart IV. Representations and Properties --
_tChapter 8. Statistical Representations --
_tChapter 9. Canonical Household Technologies --
_tChapter 10. Examples --
_tChapter 11. Permanent IncomeModels --
_tChapter 12. Gorman Heterogeneous Households --
_tChapter 13. Complete Markets Aggregation --
_tChapter 14. Periodic Models of Seasonality --
_tAppendix A. MATLAB Programs --
_tReferences --
_tSubject Index --
_tAuthor Index --
_tMATLAB Index --
_tThe Gorman Lectures in Economics
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aA 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.
530 _aIssued also in print.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)
650 0 _aEconomics
_xMathematical models.
650 0 _aEconomics; Mathematical models.
650 7 _aBUSINESS & ECONOMICS / Economics / Theory.
_2bisacsh
653 _aEngel curves.
653 _aGorman aggregation.
653 _aLagrange multipliers.
653 _aLagrangian.
653 _aMATLAB programs.
653 _aaggregate consumption.
653 _aaggregation.
653 _aallocation.
653 _aapproximation.
653 _aasset pricing.
653 _aautoregressive representations.
653 _acanonical representation.
653 _acattle.
653 _acommodity space.
653 _acompetitive equilibia.
653 _acompetitive equilibria.
653 _acompetitive equilibrium allocation.
653 _acompetitive equilibrium.
653 _acomplete markets.
653 _aconsumer preferences.
653 _aconsumption.
653 _adecentralized economy.
653 _ademand function.
653 _adoubling algorithm.
653 _adynamic estimation.
653 _adynamic optimization.
653 _adynamic programming.
653 _aeconometric estimation.
653 _aeconometrics.
653 _aeconomic environment.
653 _aeconomic equilibrium.
653 _aeconomic theory.
653 _aeconomy.
653 _aendowments.
653 _afast algorithms.
653 _afiltering.
653 _aheterogeneous households.
653 _ahousehold preferences.
653 _ahousehold technologies.
653 _ahousing.
653 _ainvariant subspace methods.
653 _alaw of motion.
653 _alaws of motion.
653 _alinear regulator problem.
653 _alinear stochastic difference equation.
653 _alinear-quadratic optimal control.
653 _alinear-quadratic-Gaussian-dynamic economies.
653 _amacroeconomics.
653 _amartingale difference sequence.
653 _amatrices.
653 _amicroeconomics.
653 _amultiple goods.
653 _aoccupational choice.
653 _aoptimal decision rule.
653 _apartial equilibrium models.
653 _aperiodic economies.
653 _aperiodicity.
653 _apermanent income model.
653 _apreference ordering.
653 _apreferences model.
653 _aprice system.
653 _arandom disturbance.
653 _arational addiction model.
653 _arepresentative firm.
653 _aresource allocation.
653 _aseasonality model.
653 _asocial planning.
653 _aspectral density.
653 _astate variables.
653 _astochastic Lagrange multipliers.
653 _astorage technology.
653 _ataste.
653 _atechnology shock.
653 _atime series.
653 _avaluation.
653 _avalue function.
653 _avector first-order.
653 _awelfare economics.
700 1 _aSargent, Thomas J.
_eautore
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.1515/9781400848188?locatt=mode:legacy
856 4 0 _uhttps://www.degruyter.com/isbn/9781400848188
856 4 2 _3Cover
_uhttps://www.degruyter.com/cover/covers/9781400848188.jpg
942 _cEB
999 _c206953
_d206953