Recursive Macroeconomic Theory, fourth edition (Mit Press) 4th Edition

The title says it already! You can find virtually everything of modern macroeconomics here. This book is actually well-known for a long time, but becomes much more popular after Sargent got Nobel Prize in 2011.

An amazing books that covers all the material needed by a macroeconomist doing research either at an academic level or in the public or private sector. The contents are technical and require a lot of reading and solving on your own of course, as the book offers macroeconomic knowledge and skillsets at the highest level possible. All facets of macroeconomics - economic growth, overlapping generations models, search and unemployment, recursive competitive equilibrium models under complete markets, incomplete markets and in markets with and without commitment, fiscal policies and economic growth and finally fiscal policies in complete markets, incomplete markets and in markets with and without commitment are all presented here in extensive models; in addition, the exercises in the end of each chapter are extremely extensive and combine all these different theoretical models in so many different ways that when a student or a professional solves the theoretical models and the exercises he not only gains an excellent understanding of how these models work but can then use and combine all these models in order to build his own models.The only problem this book may have is that although it is hard-cover it can get damaged quite easily both on the cover and on the binding

Awful. The authors frequently throw around random phrases that are nowhere defined. Maybe okay serving as a reference if you are already an expert in the field, but impossible to read as a textbook. Also, there are way too many typos (and sometimes clear errors) - maybe something like 5 per page. Shocking for a book that is in its 4th edition.

good～