Volume 1. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. Clean from markings. In good all round condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,700grams, ISBN:0816609179.

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Dati bibliografici

Titolo

Rational Expectations and Econometric Practice (Volume 1)

Editore

Univ Of Minnesota Press

Data di pubblicazione

1988

Lingua

Inglese

ISBN 10

0816609179

ISBN 13

9780816609178

Rilegatura

Brossura

Condizione

Good

Peso

700 grammi

Cataloghi dei venditori

Economics

Descrizione articolo

Riassunto

Rational Expectations and Econometric Practice was first published in 1981. Minnesota Archive Editions uses digital technology to make long-unavailable books once again accessible, and are published unaltered from the original University of Minnesota Press editions.

Assumptions about how people form expectations for the future shape the properties of any dynamic economic model. To make economic decisions in an uncertain environment people must forecast such variables as future rates of inflation, tax rates, government subsidy schemes and regulations. The doctrine of rational expectations uses standard economic methods to explain how those expectations are formed.

This work collects the papers that have made significant contributions to formulating the idea of rational expectations. Most of the papers deal with the connections between observed economic behavior and the evaluation of alternative economic policies.

Robert E. Lucas, Jr., is professor of economics at the University of Chicago. Thomas J. Sargent is professor of economics at the University of Minnesota and adviser to the Federal Reserve Bank of Minnesota.

Informazioni sull?autore

Thomas J. Sargent is the Berkley Professor of Economics and Business at New York University.

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