Exercises in Dynamic Macroeconomic Theory

Name: Exercises in Dynamic Macroeconomic Theory
Rating: 3 (1 reviews)

Rodolfo E. Manuelli · Thomas J Sargent

2009年6月 · Harvard University Press

3.0

1 条评价

电子书

223

页

评分和评价未经验证了解详情

关于此电子书

This book is a companion volume to Dynamic Macroeconomic Theory by Thomas J. Sargent. It provides scrimmages in dynamic macroeconomic theory--precisely the kind of drills that people will need in order to learn the techniques of dynamic programming and its applications to economics. By doing these exercises, the reader can acquire the ability to put the theory to work in a variety of new situations, build technical skill, gain experience in fruitful ways of setting up problems, and learn to distinguish cases in which problems are well posed from cases in which they are not. The basic framework provided by variants of a dynamic general equilibrium model is used to analyze problems in macroeconomics and monetary economics. An equilibrium model provides a mapping from parameters of preferences, technologies, endowments, and rules of the game to a probability model for time series. The rigor of the logical connections between theory and observations that the mapping provides is an attractive feature of dynamic equilibrium, or rational expectations, models. This book gives repeated and varied practice in constructing and interpreting this mapping.