Synopsis
This is a critical assessment of the rational expectations hypothesis from theoretical as well as empirical perspectives. It argues that the rational expectations and adaptive expectations hypotheses represent two different extremes, both of which are based on untenable assumptions and are empirically unsatisfactory. The author argues that a greater reliance on survey data on expectations, and the formulation of models that explicitly take account of the learning process are necessary, and proposes a new method for quantification of categorical survey data. The book covers a range of topics and brings together the diverse econometric contributions recently made in the areas of identification, estimation and hypothesis testing in a wide variety of rational expectations models.
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The Limits to Rational Expectations
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Condition: Poor. This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. In poor condition, suitable as a reading copy. No dust jacket. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,650grams, ISBN:0631140360. Seller Inventory # 8442267
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The limits to rational expectations. Ex-Library.
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Basil Blackwell, Oxford, UK., 1988
ISBN 10: 0631140360
ISBN 13: 9780631140368
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The Limits to Rational Expectations
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hardcover. Condition: Acceptable. Ex-library with usual stamps and markings This is a damaged book. May be ex-library, water-damaged, or spine creased/broken. Acceptable, Reading copy only, with writing/markings and heavy wear. Standard-sized. Seller Inventory # mon0000337566
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THE LIMITS TO RATIONAL EXPECTATIONS
Published by
Basil Blackwell, Oxford and New York, 1988
ISBN 10: 0631140360
ISBN 13: 9780631140368
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Seller: J. Wyatt Books, Ottawa, ON, Canada
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Hardcover. Condition: Near Fine. Dust Jacket Condition: Near Fine. First US Edition. 325 pages in excellent condition. Previous owner's name on ffep. Black cloth with silver titles on the spine. Corners not bumped. White/blue DJ with white titles. No wear. NEAR FINE/NEAR FINE. Book. Seller Inventory # 211324
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