Hansen and Sargent's Recursive Models of Dynamic Linear Economies: A Review Essay

Kenneth West (kdwest@wisc.edu)

Journal of Economic Literature, 2017, vol. 55, issue 1, 173-81

Abstract: Lars Peter Hansen and Thomas J. Sargent's book, Recursive Models of Dynamic Linear Economies, exposits, extends, and applies methods for solution and analysis of dynamic stochastic linear quadratic models. The book, which can be used as a monograph or in a graduate course, integrates theory, econometrics, and computation. This essay provides a summary and offers some mild complaints about material not included in what is already a remarkably comprehensive book.

JEL-codes: C32 C61 D40 D50 E10 (search for similar items in EconPapers)
Date: 2017
Note: DOI: 10.1257/jel.20151411
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