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In The Economics of Inaction, leading economist Nancy Stokey shows how the tools of stochastic control can be applied to dynamic problems of decision making under uncertainty when fixed costs are present. Stokey provides a self-contained, rigorous, and clear treatment of two types of models, impulse and instantaneous control.
Three eminent economists provide in this book a rigorous, self-contained treatment of modern economic dynamics. Nancy L. Stokey, Robert E. Lucas, Jr., and Edward C. Prescott develop the basic methods of recursive analysis and emphasize the many areas where they can usefully be applied.After presenting an overview of the recursive approach, the authors develop economic applications for ...
9 de may. de 2022 · Nancy L. Stokey is the Frederick Henry Prince Distinguished Service Professor of Economics, University of Chicago. Stokey is a member of the National Academy of Sciences and of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Distinguished Fellow of the American Economic Association, and the 2021 President of the Society for the Advancement of Economic Theory.
NANCY L. STOKEY Office Address Home Address Kenneth C. Griffin Department of Economics 320 W. Oakdale Ave., #1903 University of Chicago Chicago, IL 60657 1126 East 59th Street Chicago, IL 60637 Telephone: 773-702-0915 Telephone: 773-477-9640 Fax: 773-702-8490 E-mail: nstokey[at]uchicago.edu
Nancy Laura Stokey (nacida el 8 de mayo de 1950) ha sido Profesora de Economía con Servicio Distinguido Frederick Henry Prince en la Universidad de Chicago desde 1990 y se centra particularmente en economía matemática mientras recientemente realiza investigaciones sobre el crecimiento. Teoría, dinámica económica y política fiscal/monetaria.
9 de may. de 2022 · Nancy L. Stokey is the Frederick Henry Prince Distinguished Service Professor of Economics, University of Chicago. Stokey is a member of the National Academy of Sciences and of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Distinguished Fellow of the American Economic Association, and the 2021 President of the Society for the Advancement of Economic Theory.
1 de ene. de 1983 · R.E. Lacas and N.L. Stokey, Optimal fiscal and monetary policy 93 Kydland, Finn E. and Edward C. Prescott, 1980, A competitive theory of fluctuations and the feasibility and desirability of stabilization policy, in: Stanley Fischer, ed., Rational expectations and economic policy (University of Chicago Press, Chicago. IL).
