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Codice articolo 0816610711-11-1

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Dati bibliografici

Titolo: Rational Expectations and Econometric Practice, Volume 2
Editore: Univ Of Minnesota Press (edition )
Data di pubblicazione: 1981
Lingua: Inglese
ISBN 10: 0816610711
ISBN 13: 9780816610716
Rilegatura: Paperback
Condizione: Good

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Riassunto

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.

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