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Recursive Linear Models of Dynamic Economies / Lars Peter Hansen, Thomas J. Sargent.
- Format:
- Book
- Author/Creator:
- Hansen, Lars Peter.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w3479.
- NBER working paper series no. w3479
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1990.
- Summary:
- This paper describes a class of dynamic stochastic linear quadratic equilibrium models. A model is specified by naming lists of matrices that determine preferences, technology, and the information structure. Aggregate equilibrium allocations and prices are computed by solving a social planning problem in the form of an optimal linear regulator. Heterogeneity among agents is permitted. Several examples are computed.
- Notes:
- Print version record
- October 1990.
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