Exercises in Dynamic Macroeconomic Theory is popular PDF and ePub book, written by Rodolfo E. Manuelli in 2009-06-01, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Exercises in Dynamic Macroeconomic Theory can be Read Online from any device for your convenience.
Exercises in Dynamic Macroeconomic Theory Book PDF Summary
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.
Detail Book of Exercises in Dynamic Macroeconomic Theory PDF
- Author : Rodolfo E. Manuelli
- Release : 01 June 2009
- Publisher : Harvard University Press
- ISBN : 0674040570
- Genre : Business & Economics
- Total Page : 242 pages
- Language : English
- PDF File Size : 9,7 Mb
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