Economic Dynamics in Discrete Time by Jianjun Miao (English) Hardcover Book

Description: Economic Dynamics in Discrete Time by Jianjun Miao A unified and comprehensive introduction to the analytical and numerical tools for solving dynamic economic problems; substantially revised for the second edition. FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description 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 economists 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 boundon 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. Author Biography Jianjun Miao is Professor of Economics at Boston University. Review This book describes a remarkable collection of basic and advanced tools for the analysis of discrete-time dynamical systems, both deterministic and stochastic, that have been usefully applied to the study of economic dynamic models.--Mathematical Reviews Details ISBN0262043629 Author Jianjun Miao Year 2020 ISBN-10 0262043629 ISBN-13 9780262043625 Format Hardcover Pages 848 Imprint MIT Press Place of Publication Cambridge, Mass. Country of Publication United States DEWEY 330.015195 Birth 1969 Language English Publication Date 2020-03-03 UK Release Date 2020-03-03 AU Release Date 2020-03-03 NZ Release Date 2020-03-03 US Release Date 2020-03-03 Publisher MIT Press Ltd Edition Description second edition Series The MIT Press Alternative 9780262357333 Audience Tertiary & Higher Education Illustrations 78 figures; 78 Illustrations We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:145026976;

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