Recursive Models of Dynamic Linear Economies

Discover the groundbreaking insights of Recursive Models of Dynamic Linear Economies by Lars Peter Hansen, published by Princeton University Press in 2018. This comprehensive 424-page paperback serves as a crucial guide to economic modeling, specifically focusing on household preferences. Hansen, alongside co-author Thomas Sargent, delves into a common set of mathematical tools that form the foundation of dynamic optimization, estimation, and filtering. Readers will appreciate the authors' expertise as they explore a range of econometrically tractable models designed to enhance understanding of dynamic linear economies. This essential text is perfect for students, researchers, and professionals eager to advance their knowledge and application of economic theories. Elevate your economic modeling skills with this authoritative resource.