Golosov, M.; Tsyvinski, A.; Werquin, N. - In: Handbook of macroeconomics : volume 2, v. 2A-2B SET, (pp. 725-841). 2016
—the theory of recursive contracts. Recursive formulations allow us to reduce often complex models to a sequence of essentially … international economics featuring incomplete risk sharing can be analyzed using the tools of the theory of recursive contracts. …