TY  - BOOK
AU  - Hansen,Lars Peter
AU  - Sargent,Thomas J.
TI  - Recursive models of dynamic linear economies
T2  - The Gorman lectures in economics
SN  - 9780691042770 (hardcover : alk. paper)
U1  - 330.01511352 23
PY  - 2014///
CY  - Princeton
PB  - Princeton University Press
KW  - Economics
KW  - Mathematical models
N1  - Includes bibliographical references (p. 379-392) and index; Part I: Overview --
1. Theory and econometrics --
 
Part II: Tools --
2. Linear stochastic difference equations --
3. Efficient computations --

Part III: Components of economies --
4. Economic environments --
5. Optimal resource allocations --
6. A commodity space --
7. Competitive economies --

Part IV: Representations and properties --
8. Statistical representations --
9. Canonical household technologies --
10. Examples --
11. Permanent income models --
12. Gorman heterogeneous households --
13. Complete markets aggregation --
14. Periodic models of seasonality--

 References --
 Subject index --
 Author index --
 MATLAB index; Acknowledgements -- Preface -- Overview -- Theory and econometrics -- Tools -- Linear stochastic difference equations -- Efficient computations -- Components of economies -- Economic environments -- Optimal resource allocations -- A commodity space -- Competitive economies -- Representations and properties -- Statistical representations -- Canonical household technologies -- Examples -- Permanent income models -- Gorman heterogeneous households -- Complete markets aggregation -- References -- Subject index -- Author index -- MATLAB index
N2  - Demonstrates 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.
ER  -