Solutions manual for Recursive methods in economic dynamics / Claudio Irigoyen, Esteban Rossi-Hansberg, Mark L.J. Wright.

Format:

Book

Author/Creator:

Irigoyen, Claudio.

Contributor:

Rossi-Hansberg, Esteban.

Wright, Mark L. J.

Alumni and Friends Memorial Book Fund.

Language:

English

Subjects (All):

Economics, Mathematical.

Recursive functions.

Dynamic programming.

Physical Description:

x, 291 pages ; 24 cm

Place of Publication:

Cambridge, Mass. ; London : Harvard University Press, 2002.

Summary:

This solutions manual is a valuable companion volume to the classic textbook "Recursive Methods in Economic Dynamics by Nancy L. Stokey and Robert E. Lucas. The exercises in the Stokey and Lucas book are integral to the text, and thus, a reader cannot fully appreciate the text without understanding the results developed in the exercises. This manual provides detailed answers to the central exercises in "Recursive Methods.

The authors' selection of exercises is designed to maximize the reader's understanding of "Recursive Methods. Solutions are presented to every question in the core chapters on recursive methods, as well as most questions from the chapters on mathematical background. Some questions from the chapters on applications of these techniques to economic models have been reserved so as to provide instructors with a crucual "test bank" of questions.

Efficient and lucid in approach, this manual will greatly enhance the value of "Recursive Methods as a text for self-study.

Local Notes:

Acquired for the Penn Libraries with assistance from the Alumni and Friends Memorial Book Fund.

ISBN:

067400888X

OCLC:

51836585