NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Recursive Linear Models of Dynamic Economies

Lars Peter Hansen, Thomas J. Sargent

NBER Working Paper No. 3479
Issued in October 1990
NBER Program(s):   EFG

This paper describes a class of dynamic stochastic linear quadratic equilibrium models. A model is specified by naming lists of matrices that determine preferences, technology, and the information structure. Aggregate equilibrium allocations and prices are computed by solving a social planning problem in the form of an optimal linear regulator. Heterogeneity among agents is permitted. Several examples are computed.

download in pdf format
   (551 K)

download in djvu format
   (332 K)

email paper

This paper is available as PDF (551 K) or DjVu (332 K) (Download viewer) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w3479

Published:

Users who downloaded this paper also downloaded these:
Fernández-Villaverde, Rubio-Ramírez, and Sargent t0308 A, B, C's (and D)'s for Understanding VARs
Hall and Sargent w15702 Interest Rate Risk and Other Determinants of Post-WWII U.S. Government Debt/GDP Dynamics
Maddala and Lee Recursive Models with Qualitative Endogenous Variables
Sargent, Williams, and Zha w12606 The Conquest of South American Inflation
Cogley, Primiceri, and Sargent w13749 Inflation-Gap Persistence in the U.S.
 
Publications
Activities
Meetings
NBER Videos
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us