Research Publication

Lars Hansen and Thomas Sargent, two leading macroeconomists, push the field forward as they set about answering this question. They adapt robust control techniques and apply them to economics. By using this theory to let decision makers acknowledge misspecification in economic modeling, the authors develop applications to a variety of problems in dynamic macroeconomics.

Technical, rigorous, and self-contained, this book will be useful for macroeconomists who seek to improve the robustness of decision-making processes.

@book{hansen2008robustness,
  title={Robustness},
  author={Hansen, Lars Peter and Sargent, Thomas J},
  year={2008},
  publisher={Princeton University Press}
}