Rational Expectations and Econometric Practice, Volume 2

Robert E. Lucas Jr.; Thomas J. Sargent

ISBN 10: 0816610711 ISBN 13: 9780816610716

Editore: Univ Of Minnesota Press, 1981

Lingua: Inglese

Condizione: Usato - Ottimo Brossura

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Titolo

Rational Expectations and Econometric Practice, Volume 2

Editore

Univ Of Minnesota Press

Data di pubblicazione

1981

Lingua

Inglese

ISBN 10

0816610711

ISBN 13

9780816610716

Rilegatura

Soft cover

Edizione

1st Edition

Condizione

Fine

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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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