The Limits to Rational Expectations - Brossura

Pesaran, Hashem

 
9780631168850: The Limits to Rational Expectations
Brossura
ISBN 10: 0631168850 ISBN 13: 9780631168850
Casa editrice: Blackwell Pub, 1989

Sinossi

This is a critical assessment of the rational expectations hypothesis from theoretical as well as empirical perspectives. It argues that the rational expectations and adaptive expectations hypotheses represent two different extremes, both of which are based on untenable assumptions and are empirically unsatisfactory. The author argues that a greater reliance on survey data on expectations, and the formulation of models that explicitly take account of the learning process are necessary, and proposes a new method for quantification of categorical survey data. The book covers a range of topics and brings together the diverse econometric contributions recently made in the areas of identification, estimation and hypothesis testing in a wide variety of rational expectations models.

Le informazioni nella sezione "Riassunto" possono far riferimento a edizioni diverse di questo titolo.

Editore
Blackwell Pub
Data di pubblicazione
1989
Lingua
Inglese
ISBN 10 
0631168850
ISBN 13 
9780631168850
Rilegatura
Copertina flessibile
Numero di pagine
336
Contatto del produttore
non disponibile
Persona responsabile
non disponibile

Altre edizioni note dello stesso titolo

9780631140368: The Limits to Rational Expectations

Edizione in evidenza

ISBN 10:  0631140360 ISBN 13:  9780631140368
Casa editrice: Blackwell Publishers, 1987
Rilegato