Recursive Macroeconomic Theory
by Lars Ljungqvist and Thomas J Sargent
“This is the textbook I use in my PhD macro courses. In fact, any respectable programme most likely uses this book. It’s sort of the Bible.”
Recommendations from our site
“It is the book over which generations of PhD students in macroeconomics have sweated blood. And any good book for PhD students in macroeconomics should be stained with sweat and blood, because it needs to be highly technical. This book is. It’s really difficult from a mathematical point of view. Doing the problem sets are like writing papers. Going through each chapter and then the problem set of the chapter is really challenging and it takes a long time. To cut a long story short, it’s probably the most technical and difficult book you can think of if you want to study macroeconomics.” Read more...
The Best Macroeconomics Textbooks
Raffaele Rossi, Economist
