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A unified and comprehensive introduction to the analytical and numerical tools for solving dynamic economic problems; substantially revised for the second edition.This book offers a unified, comprehensive, and up-to-date treatment of analytical and numerical tools for solving dynamic economic problems. The focus is on introducing recursive methods―an important part of every economist's set of tools―and readers will learn to apply recursive methods to a variety of dynamic economic problems. The book is notable for its combination of theoretical foundations and numerical methods. Each topic is first described in theoretical terms, with explicit definitions and rigorous proofs; numerical methods and computer codes to implement these methods follow. Drawing on the latest research, the book covers such cutting-edge topics as asset price bubbles, recursive utility, robust control, policy analysis in dynamic New Keynesian models with the zero lower bound on interest rates, and Bayesian estimation of dynamic stochastic general equilibrium (DSGE) models. This second edition has been substantially updated. Responding to renewed interest in modeling with multiple equilibria, it incorporates new material on this topic throughout. It offers an entirely new chapter on deterministic nonlinear systems, and provides new material on such topics as linear planar systems, chaos, bifurcations, indeterminacy and sunspot solutions, pruning nonlinear solutions, the bandit problem, rational inattention models, bequests, self-fulfilling prophecies, the cyclical behavior of unemployment and vacancies, and the long-run risk model. The exposition of each chapter has been revised and improved, and many new figures, Matlab codes, and exercises have been added. A student solutions manual can be purchased separately.
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Economic Dynamics in Discrete Time / The MIT Press ~ A unified, comprehensive, and up-to-date introduction to the analytical and numerical tools for solving dynamic economic problems. This book offers a unified, comprehensive, and up-to-date treatment of analytical and numerical tools for solving dynamic economic problems. The focus is on introducing recursive methods—an important part of every economist's set of tools—and readers will learn .
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Economic Dynamics In Discrete Time Download ~ Economic Dynamics In Discrete Time . and readers will learn to apply recursive methods to a variety of dynamic economic problems. The book is notable for its combination of theoretical foundations and . A solutions manual for students is available for sale from the MIT Press; a downloadable instructor's manual is available to qualified .
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Economic Dynamics / The MIT Press ~ A rigorous and example-driven introduction to topics in economic dynamics, with an emphasis on mathematical and computational techniques for modeling dynamic systems. This text provides an introduction to the modern theory of economic dynamics, with emphasis on mathematical and computational techniques for modeling dynamic systems.
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Economic Dynamics in Discrete Time, Second Edition ~ A unified and comprehensive introduction to the analytical and numerical tools for solving dynamic economic problems; substantially revised for the second edition. This book offers a unified, comprehensive, and up-to-date treatment of analytical and numerical tools for solving dynamic economic problems. The focus is on introducing recursive methods—an important part of every economist's set .
EC 744: Economic Dynamics - Boston University ~ EC 744: Economic Dynamics Prof. Jianjun Miao Spring 2012 . focus on analyzing and solving discrete-time dynamic programming problems in eco-nomics and –nance. . Applications, The MIT Press. Azariadis, Costas, 1993, Intertemporal Macroeconomics, Blackwell Publisher.
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Student Solutions Manual to Accompany Economic Dynamics in ~ Solutions to the odd-numbered exercises in the second edition of Economic Dynamics in Discrete Time. This manual includes solutions to the odd-numbered exercises in the second edition of Economic Dynamics in Discrete Time. Some exercises are purely analytical, while others require numerical methods. Computer codes are provided for most problems.
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Economic Dynamics : Theory and Computation ~ Special Sales Department, The MIT Press, 55 Hayward Street, Cambridge, MA 02142. This book was typeset in LATEX by the author and was printed and bound in the United States of America. Library of Congress Cataloging-in-Publication Data Stachurski, John, 1969– Economic dynamics : theory and computation / John Stachurski. p. cm.
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