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Title: Recursive Macroeconomic Theory by Lars Ljungqvist, Thomas J. Sargent ISBN: 0-262-19451-1 Publisher: MIT Press Pub. Date: 21 August, 2000 Format: Hardcover Volumes: 1 List Price(USD): $65.00 |
Average Customer Rating: 4.5 (6 reviews)
Rating: 5
Summary: Perfect book
Comment: This is a perfect book for three reasons; i) it is perfect for those who wish to learn modern macroeconomics. The book develops necessary knowledge and tools to be applied to dynamic economics, ii) Sargent is one of most prominent and leading macroeconomists of the world, and he should be Nobel prize winner in Economics, iii) the book is published by MIT.
Rating: 4
Summary: Not for beginners
Comment: When I recently left my job as cryer in a grim, north-eastern town, I was made the head of recursive macroeconomic theory at a major international bank. I could have done with a simpler introduction than this, to be honest, as my knowledge of RMT was limited. But now I hold my own in meetings simply by spouting a few long words from this book (mainly "macroeconomic" and "recursive" - theory doesn't seem to impress as much) and delegating to underlings.
Rating: 4
Summary: Not the first book in Dynamic Macro, but excellent afterward
Comment: The first time i read the book, i'm sure this should not be the first text book for Dynamic Macroeconomics everyone should read. It's better to read somewhere else as an introduction to the idea of dynamic macroeconomics. Romer 'Advanced Macroeconomics' and Stokey, Lucas, Prescott 'Recursive Methods' are more appropriate to start. After gainning some similarity with Dynamic Methods, it would be much better to study models about macroeconomics presented in the book.
This book is the presentations of various models using Dynamic / Recursive Macroeconomics. It makes them easier and time-saving to study many kinds of model in a semester. It's GOOD & HELPFUL IN THIS SENSE. However, it might not be a good book for study in depth. You are better to study from the original papers for the same topics.
I think, this book is similar to Tirole 'Theory of Industrial Organization' in spirit, but different in content. They both show the simplified version of various models in the fields.
If you think you like this style, you would like to have it. But if you don't, it might be better just to skim (from the library) and read the original papers.
Hope this comment would be helpful for you to make a decision :)
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Title: Recursive Methods in Economic Dynamics by Nancy L. Stokey, Lucas Robert E., Edward C. Prescott, Robert E. Lucas ISBN: 0674750969 Publisher: Harvard Univ Pr Pub. Date: November, 1989 List Price(USD): $62.00 |
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Title: Solutions Manual for Recursive Methods in Economic Dynamics by Claudio Irigoyen, Esteban Rossi-Hansberg, Mark L. J. Wright ISBN: 067400888X Publisher: Harvard Univ Pr Pub. Date: January, 2003 List Price(USD): $42.00 |
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Title: Mathematics for Economists by Carl P. Simon, Lawrence Blume ISBN: 0393957330 Publisher: W.W. Norton & Company Pub. Date: April, 1994 List Price(USD): $122.15 |
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Title: Microeconomic Theory by Andreu Mas-Colell, Michael D. Whinston, Jerry R. Green ISBN: 0195073401 Publisher: Oxford Press Pub. Date: June, 1995 List Price(USD): $102.00 |
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Title: Econometric Analysis by William H. Greene, William H Greene ISBN: 0130661899 Publisher: Prentice Hall Pub. Date: 22 August, 2002 List Price(USD): $130.00 |
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