Rational Expectations and Econometric Practice: Volume 2
Language: English
Published by University of Minnesota Press, 1981
- Softcover
- Used
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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.
Seller Inventory # CIN0816610711G
- Title
- Rational Expectations and Econometric Practice: Volume 2
- Author
- Robert Lucas
- Publisher
- University of Minnesota Press
- Publication year
- 1981
- Condition
- Good
- Binding
- Paperback
- Language
- English
- ISBN 10
- 0816610711
- ISBN 13
- 9780816610716
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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