Thomas J. Sargent; Lars Peter Hansen

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THOMAS J. SARGENT; LARS PETER HANSEN
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Recursive Linear Mod

Recursive Linear Mod

A common set of mathematical tools underlies dynamic optimization, dynamic estimation, and filtering. In Recursive Models of Dynamic Linear Economies, Lars Peter Hansen and Thomas Sargent use these tools to create a class of econometrically tractable models of prices and quantities. They present examples from microeconomics, macroeconomics, and...
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