Recursive economics

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This article may require cleanup to meet Wikipedia's quality standards. Please improve this article if you can. (February 2008)

Recursive economics is a branch of modern economics, which is based on highly complex mathematical function. The models are based on dynamic differential equations. This approach has been popularised by Robert Lucas and Edward Prescott.

[edit] Books

• Recursive Methods in Economic Dynamics by Nancy L. Stokey, Robert E. Lucas, Jr., Edward C. Prescott, Harvard 1989