**Recursive Models of Dynamic Linear Economies**

by Lars Hansen, Thomas J. Sargent

2005**ISBN/ASIN**: B0006SBYR4**Number of pages**: 530

**Description**:

This book views many apparently disparate dynamic economic models as examples of a single class of models that can be adapted and specialized to study diverse economic phenomena. The class of models was created by using recent advances in (i) the theory of recursive dynamic competitive economies; (ii) methods for estimating and interpreting vector autoregression; (iii) linear optimal control theory; and (iv) computer languages for rapidly manipulating linear optimal control systems.

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