Paperback in good condition. Light edge wear, scores and creases on covers, slightly affecting pages. Previous owner's stamp on FEP. Penned triangle on title page. Text is clear throughout. HCW.

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Dati bibliografici

Titolo

Individual Forecasting and Aggregate Outcomes: 'Rational Expectations' Examined

Editore

Cambridge University Press, Cambridge

Data di pubblicazione

1986

Lingua

Inglese

ISBN 10

0521310954

ISBN 13

9780521310956

Rilegatura

paperback

Condizione

Good

Condizione della sovraccoperta

No Dust Jacket

Tipo di libro

Used

Cataloghi dei venditori

Economics

Descrizione articolo

Riassunto

The papers in this volume provide a complex view of market processes.

Recensione

'I recommend the book to economists interested in rational expectations for their own reading and for required reading in the graduate courses they teach.' Journal of Economic Literature

'After reading this excellent, stimulating book the uncommitted reader may well feel that there are several logical or methodological problems which imply that the usual class of models which embodies the rational expectations hypothesis is unattractive as a basis for some form of economic analysis, in particular, macroeconomic policy design ... I suspect that the concept of model theoretic expectations will generate useful insights in the modelling of expectations in a number of areas such as asset markets or arbitrage process. It naturally leads to a consideration of expectations generated as some weighted average of different models. I greatly enjoyed this book and can strongly recommend it.' The Economic Journal

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