000			01413nam a2200229 4500
005			20250327124937.0
008			250326b |||||||| |||| 00| 0 eng d
020			_a9780691180731
037			_cTextual
040			_aRTL _cRTL
084			_aX:(B) Q4 _qRTL
100			_aHansen, Lars Peter
245			_aRecursive Models of Dynamic Linear Economics
260			_aPrinceton and Oxford _bPrinceton University Press _c2014
300			_axv, 399p. _bIncludes bibliography
520			_aA common set of mathematical tools underlies dynamic optimization, dynamic estimation, and filtering. In Recursive Models of Dynamic Linear Economies, Lars Peter Hansen and Thomas Sargent use these tools to create a class of econometrically tractable models of prices and quantities. They present examples from microeconomics, macroeconomics, and asset pricing. The models are cast in terms of a representative consumer. While Hansen and Sargent demonstrate the analytical benefits acquired when an analysis with a representative consumer is possible, they also characterize the restrictiveness of assumptions under which a representative household justifies a purely aggregative analysis.
650			_aEconomics--Mathematical models _9751513
650			_aSociety & Social Sciences _9751514
650			_aPsychology
700			_aSargent, Thomas J. _eCo-author
942			_2CC _n0 _cTB _hX:(B) Q4
999			_c1308215 _d1308215