Hansen and Sargent's Recursive Models of Dynamic Linear Economies: A Review Essay

• Autores: Kenneth D. West
• Localización: Journal of economic literature, ISSN 0022-0515, Vol. 55, Nº 1, 2017, págs. 173-181
• Idioma: inglés
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• Resumen

  • Lars Peter Hansen and Thomas J. Sargent's book, Recursive Models of Dynamic Linear Economies, exposits, extends, and applies methods for solution and analysis of dynamic stochastic linear quadratic models. The book, which can be used as a monograph or in a graduate course, integrates theory, econometrics, and computation. This essay provides a summary and offers some mild complaints about material not included in what is already a remarkably comprehensive book.