Recursive Methods In Economic Dynamics,New Bernier-Grand And The World Around Them

And The World Around Them

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The Doctrine Of Rational Expectations Uses Standard Economic Methods To Explain How Those Expectations Are Formed

Recursive Methods In Economic Dynamics,New Bernier-Grand And The World Around ThemThree Eminent Economists Provide In This Book A Rigorous, Selfcontained Treatment Of Modern Economic Dynamics. Nancy L. Stokey, Robert E. Lucas, Jr., And Edward C. Prescott Develop The Basic Methods Of Recursive Analysis And Emphasize The Many Areas Where They Can Usefully Be Applied. After Presenting An Overview Of The Recursive Approach, The Authors Develop Economic Applications For Deterministic Dynamic Programming And The Stability Theory Of