{"product_id":"exercises-in-dynamic-macroeconomic-theory-9780674274761","title":"Exercises in Dynamic Macroeconomic Theory","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThis book is a companion volume to \u003ci\u003eDynamic Macroeconomic Theory\u003c\/i\u003e by Thomas J. Sargent. It provides scrimmages in dynamic macroeconomic theory--precisely the kind of drills that people will need in order to learn the techniques of dynamic programming and its applications to economics.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e1. Dynamic Programming Brock-Mirman (1972)    Howard Policy-Improvement Algorithm  Levhari-Srinivasan (1969)   Habit Persistence: 1  Habit Persistence: 2  Lucas and Prescott (1971) and Kydland and Prescott (1982)   Meet a Linear Regulator  Interrelated Factor Demand  Two-Sector Growth Models  Learning to Enjoy Spare Time  Investment with Adjustment Costs  Investment with Signal Extraction    2. Search  Being Unemployed with Only a Chance of an Offer   Two Offers per Period  A Random Number of Offers per Period  Cyclical Fluctuations in Number of Job Offers  Choosing the Number of Offers  Mortensen Externality  Variable Labor Supply  Wage Growth Rate and the Reservation Wage  Search with a Finite Horizon  Finite Horizon and Mean-Preserving Spread  Pissarides' Analysis of Taxation and Variable Search Intensity  Search and Nonhuman Wealth  Search and Asset Accumulation    3. Asset Prices and Consumption   Taxation and Stock Prices  Contingent Claims Prices in a Brock-Mirman Economy  Trees (Stocks) in the Utility Function  Government Debt in the Utility Function  Tobin's q  A Generalization of Logarithmic Preferences  Arbitrage Pricing  Modigliani-Miller  Arbitrage Pricing and the Term Structure of Interest Rates  Pricing One-Period Options  Pricing n-Period Options     4. Currency in the Utility Function (no exercises)    5. Cash-in-Advance Models   Private Wealth  Unpleasant Monetarist Arithmetic  A Permanent (McCallum) Government Deficit  A Useful Identity under Interest on Reserves  Defining the State Vector  Computing an Equilibrium  Interest on Reserves and Stock Prices  Incentives for \"Private Currencies\"  Other Interest-on-Reserve Schemes  Stock Prices and Inflation     6. Credit and Currency with Long-Lived Agents   Value of Unbacked Currency  Computing Equilibrium Interest Rates  \"Self-Insurance\" and the Permanent Income Theory  The Distribution of Currency  Rate-of-Return Dominance     7. Credit and Currency with Overlapping Generations   Credit Controls  Inside Money and Real Bills  Social Security and the Price Level  Seignorage  Oscillating Physical Returns  Indeterminacy of Exchange Rates  Asset Prices and Volatility  Unpleasant Monetarist Arithmetic  Grandmont  Bryant-Wallace    8. Government Finance in Stochastic Overlapping-Generations Models   A Version of Kareken-Wallace Exchange Rate Indeterminacy  The Term Structure of State-Contingent Claims  Wairas's Law: 1  Wairas's Law: 2  Constancy of Fiscal Policy  Altered Version of Logarithmic Preferences     Appendix. Functional Analysis for Macroeconomics   Periodic Difference Equation   Asset Pricing      Index","brand":"Harvard University Press","offers":[{"title":"Default Title","offer_id":49917770629463,"sku":"9780674274761","price":37.36,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780674274761.jpg?v=1738449135","url":"https:\/\/bookcurl.com\/products\/exercises-in-dynamic-macroeconomic-theory-9780674274761","provider":"Book Curl","version":"1.0","type":"link"}