TY  - JOUR
AU  - Hansen,Lars Peter
AU  - Sargent,Thomas J.
TI  - Recursive Linear Models of Dynamic Economies
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 3479
PY  - 1990
Y2  - October 1990
UR  - http://www.nber.org/papers/w3479
L1  - http://www.nber.org/papers/w3479.pdf
N1  - Author contact info:
Lars P. Hansen
Department of Economics
The University of Chicago
1126 East 59th Street
Chicago, IL 60637
Tel: 773/702-8170
Fax: 773/702-8490
E-Mail: lhansen@uchicago.edu

Thomas J. Sargent
Department of Economics
New York University
19 W. 4th Street, 6th Floor
New York, NY  10012
Tel: 612/373-4383
Fax: 650/723-1687
E-Mail: thomas.sargent@nyu.edu
M1  - published as published relationship to a non-chapter. This should not happen. Please contact NBER.
AB  - 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.
ER  -