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Solutions Manual for Recursive Methods in Economic Dynamics by Esteban Rossi-Hansberg, Claudio Irigoyen and Mark L. J. Wright (2003, Trade Paperback)

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The exercises in the Stokey and Lucas book are integral to the text, and thus, a reader cannot fully appreciate the text without understanding the results developed in the exercises. The first category includes the chapters whose primary function is to present material and mathematical background that will be used in subsequent core chapters of the book.

About this product

Product Identifiers

PublisherHarvard University Press

ISBN-10067400888X

ISBN-139780674008885

eBay Product ID (ePID)28038695128

Product Key Features

Number of Pages256 Pages

LanguageEnglish

Publication NameSolutions Manual for Recursive Methods in Economic Dynamics

Publication Year2003

SubjectEconomics / General, Logic, Statistics, Optimization

TypeTextbook

AuthorEsteban Rossi-Hansberg, Claudio Irigoyen, Mark L. J. Wright

Subject AreaMathematics, Business & Economics

FormatTrade Paperback

Dimensions

Item Height0.7 in

Item Weight16.2 Oz

Item Length9.2 in

Item Width7.1 in

Additional Product Features

Intended AudienceScholarly & Professional

LCCN2003-273130

Dewey Edition21

Reviews[ Recursive Methods in Economic Dynamics ] is a tour de force. The authors present a unified approach to the techniques and applications of recursive economic theory. The presentations of discrete-time dynamic programming and of Markov processes are authoritative. There is a wide-ranging series of examples drawn from all branches of the discipline, but with special emphasis on macroeconomics. In the short run, the book will be a vital reference in any advanced course in macroeconomic theory. In the long run, it may help to remove the traditional boundaries between microeconomic theory and macroeconomic theory.

IllustratedYes

Dewey Decimal330.0151

Table Of Content1 Introduction 12 An Overview 33 Mathematical Preliminaries 204 Dynamic Programming under Certainty 425 Applications of Dynamic Programming under Certainty 536 Deterministic Dynamics 807 Measure Theory and Integration 988 Markov Processes 1319 Stochastic Dynamic Programming 14710 Applications of Stochastic Dynamic Programming 17111 Strong Convergence of Markov Processes 19012 Weak Convergence of Markov Processes 19813 Applications of Convergence Results for Markov Processes 21214 Laws of Large Numbers 23415 Pareto Optima and Competitive Equilibria 24016 Applications of Equilibrium Theory 25317 Fixed-Point Arguments 27018 Equilibria in Systems with Distortions 284

SynopsisThis solutions manual is a valuable companion volume to the classic textbook Recursive Methods in Economic Dynamics by Nancy L. Stokey, Robert E. Lucas, Jr., and Edward C. Prescott. The exercises in the Stokey et al. book are integral to the text, and thus, a reader cannot fully appreciate the text without understanding the results developed in the exercises. This manual provides detailed answers to the central exercises in Recursive Methods . The authors' selection of exercises is designed to maximize the reader's understanding of Recursive Methods . Solutions are presented to every question in the core chapters on recursive methods, as well as most questions from the chapters on mathematical background. Some questions from the chapters on applications of these techniques to economic models have been reserved so as to provide instructors with a crucial "test bank" of questions. Efficient and lucid in approach, this manual will greatly enhance the value of Recursive Methods as a text for self-study., This solutions manual is a companion volume to the classic textbook Recursive Methods in Economic Dynamics by Stokey, Lucas, and Prescott. Efficient and lucid in approach, this manual will greatly enhance the value of Recursive Methods as a text for self-study.

LC Classification NumberHB145