Exercises in Dynamic Macroeconomic TheoryHarvard University Press, 01.06.2009 - 223 Seiten 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. |
Inhalt
I | 1 |
III | 5 |
IV | 6 |
V | 8 |
VI | 10 |
VII | 11 |
VIII | 15 |
IX | 19 |
XXXVII | 86 |
XXXIX | 89 |
XL | 91 |
XLI | 95 |
XLII | 96 |
XLIII | 101 |
XLIV | 107 |
XLV | 108 |
X | 20 |
XI | 21 |
XII | 23 |
XIII | 26 |
XIV | 27 |
XV | 28 |
XVI | 29 |
XVIII | 30 |
XIX | 31 |
XX | 33 |
XXI | 34 |
XXII | 36 |
XXIII | 38 |
XXIV | 45 |
XXV | 46 |
XXVI | 49 |
XXVII | 51 |
XXVIII | 55 |
XXIX | 58 |
XXX | 59 |
XXXI | 62 |
XXXII | 67 |
XXXIII | 68 |
XXXIV | 70 |
XXXV | 71 |
XXXVI | 77 |
XLVI | 109 |
XLVII | 112 |
XLVIII | 117 |
XLIX | 120 |
L | 122 |
LI | 128 |
LII | 131 |
LIII | 139 |
LIV | 147 |
LV | 153 |
LVI | 158 |
LVII | 164 |
LVIII | 171 |
LIX | 178 |
LX | 181 |
LXI | 184 |
LXII | 186 |
LXIII | 197 |
LXVI | 203 |
LXVII | 204 |
LXVIII | 205 |
LXIX | 206 |
LXXI | 213 |
LXXII | 216 |
221 | |
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Exercises in Dynamic Macroeconomic Theory Rodolfo E. Manuelli,Thomas J. Sargent Keine Leseprobe verfügbar - 1987 |
Häufige Begriffe und Wortgruppen
allocation Assume assumption b₁ Bellman's equation bonds c₁ c₂ capital ch(t compute conjecture Consider constant continuous function Define Denote difference equation distribution dividends dynamic dynamic programming east-heading agents economy endowment equilib equilibrium with valued Euler equation EXERCISE exists follows formula functional equation given implies increasing interest rate K₁ k₁+1 linear regulator M₁ M₁+1 Macroeconomic matrix maximization problem Monetary N₁ N₂ Notice offer optimal option P₁ Pareto optimal period Pi+1 price level R₁ r₂ rate of return reservation wage result risk aversion risk-free risk-free bond rium satisfies savings function seignorage sequence r(t sh(t solution stationary equilibrium stochastic process term tion transversality condition trees unemployed worker utility function v₁ value function valued currency valued fiat currency variables vector verify w₁ w₂ west-heading wh(t x₁ X₁+1 y₁ Z₁ zero βα