||1 of 1 people found the following review helpful.| Practical, Intuitive, and Excellent Compliment to Ljungqvist and Sargent|By Customer|If you are starting a PhD in economics, there are a few books you must have. On the micro side this is pretty clear. On the macro side, there are a few option. Ljungqvist & Sargent, and Stokey, Lucas, Prescott are two classics (among a number of options).
To the standard options I
This book is an effective, concise text for students and researchers that combines the tools of dynamic programming with numerical techniques and simulation-based econometric methods. Doing so, it bridges the traditional gap between theoretical and empirical research and offers an integrated framework for studying applied problems in macroeconomics and microeconomics.In part I the authors first review the formal theory of dynamic optimization; they then present the... [PDF.wd81] Dynamic Economics: Quantitative Methods and Applications (MIT Press) Rating: 3.60 (405 Votes)
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