Student Solutions Manual to Accompany Economic Dynamics in Discrete Time

by Jiang, Zhuo, Miao

ISBN: 9780262323086 | Copyright 2014

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This manual includes solutions to the odd-numbered exercises in Economic Dynamics in Discrete Time. Some exercises are purely analytical, while others require numerical methods. Computer codes are provided for most problems. Many exercises ask the reader to apply the methods learned in a chapter to solve related problems, but some exercises ask the reader to complete missing steps in the proof of a theorem or in the solution of an example in the book.

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Contents (pg. iii)
Preface (pg. v)
Chapter 1: Deterministic Difference Equations (pg. 1)
Chapter 2: Stochastic Difference Equations (pg. 6)
Chapter 3: Markov Processes (pg. 14)
Chapter 4: Ergodic Theory and Stationary Processes (pg. 21)
Chapter 5: Markov Decision Process Model (pg. 35)
Chapter 6: Finite-Horizon Dynamic Programming (pg. 38)
Chapter 7: Infinite-Horizon Dynamic Programming (pg. 47)
Chapter 8: Applications (pg. 54)
Chapter 9: Linear-Quadratic Models (pg. 62)
Chapter 10: Control under Partial Information (pg. 65)
Chapter 11: Numerical Methods (pg. 68)
Chapter 12: Structural Estimation (pg. 69)
Chapter 13: Complete Markets Exchange Economies (pg. 74)
Chapter 14: Neoclassical Growth Models (pg. 82)
Chapter 15: Bayesian Estimation of DSGE Models Using Dynare (pg. 93)
Chapter 16: Overlapping Generations Models (pg. 96)
Chapter 17: Incomplete Markets Models (pg. 104)
Chapter 18: Search and Matching Models of Unemployment (pg. 107)
Chapter 19: Dynamic New Keynesian Models (pg. 110)
Chapter 20: Recursive Utility (pg. 112)
Chapter 21: Dynamic Games (pg. 119)
Chapter 22: Recursive Contracts (pg. 121)
Preface (pg. v)
Chapter 6: Finite-Horizon Dynamic Programming (pg. 38)
Chapter 7: Infinite-Horizon Dynamic Programming (pg. 47)
Chapter 8: Applications (pg. 54)
Chapter 9: Linear-Quadratic Models (pg. 62)
Chapter 10: Control under Partial Information (pg. 65)
Chapter 11: Numerical Methods (pg. 68)
Chapter 12: Structural Estimation (pg. 69)
Chapter 13: Complete Markets Exchange Economies (pg. 74)
Chapter 14: Neoclassical Growth Models (pg. 82)
Chapter 15: Bayesian Estimation of DSGE Models Using Dynare (pg. 93)
Chapter 16: Overlapping Generations Models (pg. 96)
Chapter 17: Incomplete Markets Models (pg. 104)
Chapter 18: Search and Matching Models of Unemployment (pg. 107)
Chapter 19: Dynamic New Keynesian Models (pg. 110)
Chapter 20: Recursive Utility (pg. 112)
Chapter 21: Dynamic Games (pg. 119)
Chapter 22: Recursive Contracts (pg. 121)
Contents (pg. iii)
Preface (pg. v)
Chapter 1: Deterministic Difference Equations (pg. 1)
Chapter 2: Stochastic Difference Equations (pg. 6)
Chapter 3: Markov Processes (pg. 14)
Chapter 4: Ergodic Theory and Stationary Processes (pg. 21)
Chapter 5: Markov Decision Process Model (pg. 35)
Chapter 6: Finite-Horizon Dynamic Programming (pg. 38)
Chapter 7: Infinite-Horizon Dynamic Programming (pg. 47)
Chapter 8: Applications (pg. 54)
Chapter 9: Linear-Quadratic Models (pg. 62)
Chapter 10: Control under Partial Information (pg. 65)
Chapter 11: Numerical Methods (pg. 68)
Chapter 12: Structural Estimation (pg. 69)
Chapter 13: Complete Markets Exchange Economies (pg. 74)
Chapter 14: Neoclassical Growth Models (pg. 82)
Chapter 15: Bayesian Estimation of DSGE Models Using Dynare (pg. 93)
Chapter 16: Overlapping Generations Models (pg. 96)
Chapter 17: Incomplete Markets Models (pg. 104)
Chapter 18: Search and Matching Models of Unemployment (pg. 107)
Chapter 19: Dynamic New Keynesian Models (pg. 110)
Chapter 20: Recursive Utility (pg. 112)
Chapter 21: Dynamic Games (pg. 119)
Chapter 22: Recursive Contracts (pg. 121)


Jianjun Miao

Jianjun Miao is Professor of Economics at Boston University.

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