Paul D. McNelis
This book is a welcome addition to the macroeconomics literature. It is both a very effective textbook and a welcome summary of developments and tools needed to do state-of-the-art research in the very dynamic, changing field.
Zvi Eckstein
This is an excellent text in applied dynamic macroeconomics for teachers, students, and researchers. It enables the research community to learn how to use dynamic economic theory to interpret economic data and quantify the theoretical implications. Any applied economist should have this book on his or her shelf as a quick guide for the available options of 'how to do it.'
John Rust
Dynamic Economics is the sort of book I wish I had written. It provides a very accessible and interesting introduction to the literature on economic models based on dynamic programming methods that have been developed in the last several decades. Unlike other recent work in this area, Adda and Cooper's book discusses econometric methods for estimating the unknown parameters of these models as well as summarizing some of the most promising computational methods for solving them. The book provides a range of interesting examples and is written at a level that is accessible for people who are new to the subject, but it also contains many deep ideas that will be appreciated by people who spend their careers researching in this area. I learned a lot from this book and recommend it as a text for graduate classes (possibly even advanced undergraduate classes) on dynamic economic methods.
Endorsement
This book is a welcome addition to the macroeconomics literature. It is both a very effective textbook and a welcome summary of developments and tools needed to do state-of-the-art research in the very dynamic, changing field.
—
Paul D. McNelis, Professor of Economics, Georgetown University
From the Publisher
Dynamic Economics is the sort of book I wish I had written. It provides a very accessible and interesting introduction to the literature on economic models based on dynamic programming methods that have been developed in the last several decades. Unlike other recent work in this area, Adda and Cooper's book discusses econometric methods for estimating the unknown parameters of these models as well as summarizing some of the most promising computational methods for solving them. The book provides a range of interesting examples and is written at a level that is accessible for people who are new to the subject, but it also contains many deep ideas that will be appreciated by people who spend their careers researching in this area. I learned a lot from this book and recommend it as a text for graduate classes (possibly even advanced undergraduate classes) on dynamic economic methods.
—
John Rust, Professor of Economics, University of Maryland
This is an excellent text in applied dynamic macroeconomics for teachers, students, and researchers. It enables the research community to learn how to use dynamic economic theory to interpret economic data and quantify the theoretical implications. Any applied economist should have this book on his or her shelf as a quick guide for the available options of 'how to do it.'
—
Zvi Eckstein, Tel Aviv University, University of Minnesota, and Centre for Economic Policy Research
This book is a welcome addition to the macroeconomics literature. It is both a very effective textbook and a welcome summary of developments and tools needed to do state-of-the-art research in the very dynamic, changing field.
—
Paul D. McNelis, Professor of Economics, Georgetown University
