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- Exercises in Dynamic Macroeconomic Theory: 14
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268892581
Exercises in Dynamic Macroeconomic Theory: 14
Item #:
268892581
SAR 273
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Acquire the ability to put dynamic macroeconomic theory to work in a variety of new situations with this essential exercise companion.
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- 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.
| Publisher | Harvard University Press |
| Publication date | 8 Jun. 1987 |
| Language | English |
| Print length | 238 pages |
| ISBN-10 | 0674274768 |
| ISBN-13 | 978-0674274761 |
| Item weight | 363 g |
| Dimensions | 15.57 x 1.52 x 23.5 cm |
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Exercises in Dynamic Macroeconomic Theory: 14
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Features & Benefits
- Enhance your skills in dynamic programming applications to economics.
- Gain experience in setting up macroeconomic problems effectively.
- Learn to identify well-posed problems vs. poorly posed ones.
- Practice rigorous logical connections between theory and real-world observations.
- Repeated exercises ensure mastery of dynamic equilibrium models.
- Ideal companion for students of Dynamic Macroeconomic Theory.
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