TY - BOOK UR - http://lib.ugent.be/catalog/ebk01:2550000001164265 ID - ebk01:2550000001164265 LA - eng TI - Recursive Models of Dynamic Linear Economies PY - 2013 SN - 9781400848188 AU - Hansen, Lars Peter, author. AU - Sargent, Thomas J., author. AB - 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. Based on the 2012 Gorman lectures, the authors 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 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. ER -Download RIS file
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020 | a 9781400848188 | ||
024 | 7 | a 10.1515/9781400848188 2 doi | |
035 | a (DE-B1597)453938 | ||
035 | a (OCoLC)863670637 | ||
040 | a IN-ChSCO b eng c IN-ChSCO | ||
041 | a eng | ||
050 | 4 | a HB135 | |
050 | 4 | a HB135 b .H36 2013 | |
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072 | 7 | a BUS x 069030 2 bisacsh | |
072 | 7 | a BUS069030 2 bisacsh | |
082 | 4 | a 330.01511352 2 23 | |
100 | 1 | a Hansen, Lars Peter, e author. | |
245 | 1 | a Recursive Models of Dynamic Linear Economies / c Lars Peter Hansen, Thomas J. Sargent. | |
264 | 1 | a Princeton, N.J. : b Princeton University Press, c [2013]. | |
264 | 4 | c ©2013. | |
300 | a 1 online resource(424p.) : b illustrations. | ||
336 | a text 2 rdacontent | ||
337 | a computer 2 rdamedia | ||
338 | a online resource 2 rdacarrier | ||
347 | a text file b PDF 2 rda | ||
490 | a The Gorman Lectures in Economics | ||
505 | t Frontmatter -- t Contents -- t Preface -- t Acknowledgments -- t Chapter 1. Theory and Econometrics -- t Chapter 2. Linear Stochastic Difference Equations -- t Chapter 3. Efficient Computations -- t Chapter 4. Economic Environments -- t Chapter 5. Optimal Resource Allocations -- t Chapter 6. A Commodity Space -- t Chapter 7. Competitive Economies -- t Chapter 8. Statistical Representations -- t Chapter 9. Canonical Household Technologies -- t Chapter 10. Examples -- t Chapter 11. Permanent IncomeModels -- t Chapter 12. Gorman Heterogeneous Households -- t Chapter 13. Complete Markets Aggregation -- t Chapter 14. Periodic Models of Seasonality -- t Appendix A. MATLAB Programs -- t References -- t Subject Index -- t Author Index -- t MATLAB Index -- t The Gorman Lectures in Economics. | ||
520 | a 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. Based on the 2012 Gorman lectures, the authors 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 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. | ||
533 | a Electronic reproduction. b Princeton, N.J. : c Princeton University Press, d 2013. n Mode of access: World Wide Web. n System requirements: Web browser. n Access may be restricted to users at subscribing institutions. | ||
538 | a Mode of access: Internet via World Wide Web. | ||
545 | a Lars Peter Hansen is the David Rockefeller Distinguished Service Professor at the University of Chicago, where he is also the research director of the Becker Friedman Institute. Thomas J. Sargent is professor of economics at New York University and a senior fellow at the Hoover Institution at Stanford University. His books include "Rational Expectations and Inflation" and "The Conquest of American Inflation" (both Princeton). Hansen and Sargent are the coauthors of "Robustness" (Princeton). Sargent was awarded the Nobel Prize in economics in 2011 and Hansen received it in 2013. | ||
546 | a In English. | ||
588 | a Description based on online resource; title from PDF title page (publisher’s Web site, viewed October 05 2015) | ||
650 | a Economics x Mathematical models. | ||
650 | 4 | a Political Economics, other. | |
650 | 4 | a Social Sciences. | |
650 | 4 | a Wirtschaft. | |
650 | 7 | a BUSINESS & ECONOMICS x Econometrics 2 bisacsh. | |
650 | 7 | a BUSINESS & ECONOMICS x Economics x General 2 bisacsh. | |
650 | 7 | a BUSINESS & ECONOMICS x Reference 2 bisacsh. | |
650 | 7 | a Economics x Mathematical models 2 bisacsh. | |
700 | 1 | a Sargent, Thomas J., e author. | |
773 | 8 | i Title is part of eBook package: d De Gruyter t Princeton eBook Package Backlist 2000-2013 z 978-3-11-044250-2 | |
830 | a The Gorman Lectures in Economics. | ||
856 | 4 | u https://doi.org/10.1515/9781400848188 | |
856 | 4 | 2 | 3 Cover u https://www.degruyter.com/doc/cover/9781400848188.jpg |
912 | a 978-3-11-044250-2 Princeton eBook Package Backlist 2000-2013 | ||
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