Recursive Macroeconomic Theory

By Lars Ljungqvist, Thomas J. Sargent. 2000

1,619 citations recorded by the source corpus.

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Citations in the corpus

Estimating Dynamic Equilibrium Economies: Linear versus Nonlinear Likelihood (2005, methodology): “Dynamic equilibrium models have become a standard tool in quantitative economics (see Cooley, 1995, or Ljungqvist and Sargent, 2000, for summaries of applications).”
Overborrowing and systemic externalities in the business cycle (2009, background): “Mishkin (2006) among others argues that domestic financial development is necessary to reap the benefits of financial globalization.”
Reputations and Sovereign Debt (2001, methodology): “Versions of this relaxed programing problem have been studied by a number of authors, for example Worrall [34], and one version has received a textbook treatment in Ljungqvist and Sargent [26].”
Macroeconomics with Financial Frictions: A Survey (2012, unknown): “For an excellent textbook discussion of this and some of the following material see Ljungqvist and Sargent (2004).”
Capacity constraints, asymmetries, and the business cycle (2005, background): “Still, although w a loss to come up with terms that are less misleading, there is simply no empirical counterpart to our two capita 8 See Hornstein and Prescott (1993) for further details on a related problem.”
Beware of Emigrants Bearing Gifts: Optimal Fiscal and Monetary Policy in the Presence of Remittances (2006, unknown): “Like the 15The Ramsey problem in the general equilibrium dynamic programming setting incorporates many of the reputational mechanisms for credible government policies as discussed in Ljungqvist and Sargent (2000).”
Entrepreneurial activity, risk, and the business cycle (2004, methodology): “To compute the value function we follow Ljungqvist and Sargent (2000) and discretize the state space, more specifically the storage decision, by letting s ∈ S = {s1, . . . , sN} where s1 = 0, sN = s̄ and sn+1 = sn + s̄/(N − 1), ∀n ∈ {1, . . . , N − 1}.”