Through a lucid exposition, a rigorous development of the tools, and a thorough analysis of each topic, this extraordinary textbook offers a state-of-the-art representation of the field. A must for every student with the ambition of becoming a scholar of macroeconomics, and for every teacher with the passion to guide students through this journey. This book makes you proud to be a macroeconomist.
Gianluca Violante, Professor of Economics, Princeton University
This classic textbook has taught generations of students the tools of dynamic economics. At the same time, it has been continually updated to serve as a key reference manual for researchers. Once you have been 'Bellmanized' by this book, your life as an economist will never be the same.
Monika Piazzesi, Joan Kenney Professor of Economics, Stanford University
Recursive Macroeconomic Theory thoroughly works through a wide variety of applications of recursive methods to the analysis of central themes in macroeconomics. As Alexander the Great is said to have always kept a copy of the Iliad under his pillow, I think the modern macroeconomist would do well to keep a copy of this excellent work close at hand.
Fernando Alvarez, William C. Norby Professor of Economics, University of Chicago
