Rational Expectations and Econometric Practice : Volume 1
Venduto da Better World Books, Mishawaka, IN, U.S.A.
Venditore AbeBooks dal 3 agosto 2006
Usato - Brossura
Condizione: Usato - Buono
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Aggiungere al carrelloVenduto da Better World Books, Mishawaka, IN, U.S.A.
Venditore AbeBooks dal 3 agosto 2006
Condizione: Usato - Buono
Quantità: 1 disponibili
Aggiungere al carrelloFormer library book; may include library markings. Used book that is in clean, average condition without any missing pages.
Codice articolo 9477479-6
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.
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