A unified, comprehensive, and uptodate introduction to the analytical and numerical tools for solving dynamic economic problems. Numerical simulation of nonoptimal dynamic equilibrium models. By jianjun miao economic dynamics in discrete time 201409. Journal of economic dynamics and control elsevier the aim of this book is to teach topics in economic dynamics such as simulation, stability theory, and dynamic programming. Discrete time miao, jianjun june 10, 20 ii contents preface i xi dynamical systems 1 1 deterministic di. The topics focus on analyzing and solving discretetime dynamic programming problems in economics. Syllabus for economics 611, fall 2015 editorial express.
Economic dynamics in discrete time, first edition, the mit press, 2014 economic dynamics in discrete time, second edition, the mit press, 2020 teaching experience ph. Journal of economics, volume 116, issue 3 springer. The book can be purchased from amazon or barnes and noble. Nov 03, 2015 to view the rest of this content please follow the download pdf link above. Please send me emails whenever you have any comments on the book. Download pdf recursive methods in economic dynamics book full free. Jianjun miaos book provides a clear and comprehensive introduction to the analytical and numerical methods that make up the language of modern macroeconomic theory. Economic dynamics in discrete time by miao economics job. The aim of this book is to teach topics in economic dynamics such as simulation, stability theory, and dynamic programming. Download full recursive methods in economic dynamics book in pdf, epub, mobi and all ebook format. The author, jianjun miao, is a wellknown researcher in macro theory and the text, as he writes at the beginning of the book, developed from his lecture notes for a course on economic dynamics. The focus is primarily on stochastic systems in discrete time. Sep 12, 2014 economic dynamics in discrete time the mit press miao, jianjun on. This manual includes solutions to the oddnumbered exercises in the second edition of economic dynamics in discrete time.
Economic dynamics in discrete time, 2014 mit press by jianjun miao \mi isbn. To view the rest of this content please follow the download pdf link above. Capital is not only an input for production, but also serves as collateral. Economic dynamics in discrete time by jianjun miao. Professor miao explores the tractable formulation of stochastic models combined with methods for solving and analyzing such models. By jianjun miao economic dynamics in discrete time 20140927 hardcover. The author, jianjun miao, is a wellknown researcher in macro theory and the text, as he writes at the beginning of the book, developed from his. Bubbles and credit constraints jianjun miaoy pengfei wangz january 2011 abstract we provide an innitehorizon model of a production economy with bubbles, in which rms meet stochastic investment opportunties and face credit constraints. Economic dynamics in discrete time jianjun mia o the mit press cambridge, massachusetts london, england.
Yue jiang, jianjun miao, zhouxiang shen, dongling su, zhiteng zeng, and fan zhuo 2020 solutions to the oddnumbered exercises in the second edition of economic dynamics in discrete time. Economic dynamics in discrete time by jianjun miao a unified, comprehensive, and uptodate introduction to the analytical and numerical tools for solving dynamic economic problems. Many economic models involve optimization over time. If we are concerned about national income, price or pro.
Our etextbook is browserbased and it is our goal to support the widest selection of devices. It is bound to become a standard reference on the subject. This book offers a unified, comprehensive, and uptodate treatment of analytical and numerical tools for solving dynamic economic problems. As time moves on the value these variables take may change. The book is structured into four parts, where the first two are focussed on mathematical methods. By jianjun miao economic dynamics in discrete time 20140927 hardcover jianjun miao on.
The focus is on introducing recursive methods an important part of every economists set of tools and readers will learn to apply recursive methods to a variety of dynamic economic problems. Download recursive methods in economic dynamics pdf search. Student solutions manual to accompany economic dynamics in discrete time, second edition yue jiang, jianjun miao, zhouxiang shen, dongling su, zhiteng zeng, and fan zhuo 2020 solutions to the oddnumbered exercises in the second edition of economic dynamics in discrete time. Economic dynamics in discrete time by jianjun miao, 9780262325608. Economic dynamics in discrete time find, read and cite all the. Student solutions manual to accompany economic dynamics in discrete time. While the same principles of optimization apply to dynamic models, new considerations arise. We will put more emphasis on applications by solving many economic examples such as consumptionsavings, investment, optimal growth, industry dynamics, job search, recursive utility, portfolio choice, and asset pricing. Oct 10, 2014 buy economic dynamics in discrete time the mit press by miao, jianjun isbn. This book describes a remarkable and valuable collection of tools for the study of economic dynamics under uncertainty. Santosy abstract in this paper we present a recursive method for the computation of dynamic competitive equilibria in models with heterogeneous agents and market frictions. In dynamics we must specify the point in time for any given variable. Jianjun miao s book provides a clear and comprehensive introduction to the analytical and numerical methods that make up the.
One function, called the state transition function. Recursive methods in economic dynamics available for download and read online in other formats. It aims at providing necessary techniques for graduate students to analyze economic dynamics. Download citation on aug 20, 2015, martin barbie and others published miao, jianjun. Economic dynamics in discrete time, first edition, the mit press, 2014.
Most of the models we meet will be nonlinear, and the emphasis is on getting to grips with nonlinear systems in their original form, rather than using. Transitional dynamics of dividend and capital gains tax cuts, nber working papers 16157, national bureau of economic research. The main theme is to introduce recursive methods, which should be in every economists toolkit. In rare instances, a publisher has elected to have a zero moving wall, so their current issues are available. Many basic ideas for discretetime models can be applied to. Economic dynamics in discrete time a unified, comprehensive, and uptodate introduction to the analytical and numerical tools for solving dynamic economic problems. Bubbles and credit constraints society for economic dynamics. Pdf recursive methods in economic dynamics download full. Zlibrary is one of the largest online libraries in the world that contains over 4,960,000 books and 77,100,000 articles. Jianjun miao bu personal websites boston university.
Dynamic optimization chapter 5 deals essentially with static optimization, that is optimal choice at a single point of time. Pdf economic dynamics in discrete time semantic scholar. Ec741, topics in macroeconomics and monetary theory. Our etextbook is browserbased and it is our goal to support the widest selection of devices available, from desktops, laptops, tablets, and smartphones. The main idea of recursive methods is to characterize economic dynamics by a set of state variables and a pair of functions. The moving wall represents the time period between the last issue available in jstor and the most recently published issue of a journal. Economic dynamics course overview this course introduces the theory and application of dynamic optimization and equilibrium analysis in discrete time. Economic dynamics in discrete time books pics download.
Jianjun miao is professor of economics at boston university. Economic dynamics in discrete time jianjun miao this book offers a unified, comprehensive, and uptodate treatment of analytical and numerical tools for solving dynamic economic problems. Student solutions manual to accompany economic dynamics in. Buy economic dynamics in discrete time the mit press by miao, jianjun isbn. Economic dynamics in discrete time jianjun miao download. Economic dynamics in discrete time the mit press jianjun miao on amazon. But if youre technically minded enough to be reading into continuous time stuff, the informality will make you cringe.
Stokeys economics of inaction is not bad if you want some solved examples in macro, intuition, and a selection of problems. Numerical simulation of nonoptimal dynamic equilibrium models zhigang feng, jianjun miao, adrian peraltaalva, and manuel s. Everyday low prices and free delivery on eligible orders. The mix of theory, applications, and examples renders it an excellent learning tool. Economic dynamics in discrete time by jianjun miao economic dynamics in discrete time by jianjun miao pp.
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