Recursive Methods in Economic Dynamics Constable and Robinson --davidbaldacci

--davidbaldacci

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Recursive Methods in Economic Dynamics Constable and Robinson --davidbaldacciThis rigorous but brilliantly lucid book presents a self contained treatment of modern economic dynamics. Stokey, Lucas, and Prescott develop the basic methods of recursive analysis and illustrate the many areas where they can usefully be applied. After presenting an overview of the recursive approach, the authors develop economic applications for deterministic dynamic programming and the stability theory of first order difference equations. They then