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Rational Expectations in Macroeconomic Models

af P. Fisher

indgår i Advanced Studies in Theoretical and Applied Econometrics serien

Rational Expectations in Macroeconomic Models af P. Fisher
Bag om Rational Expectations in Macroeconomic Models

It is commonly believed that macroeconomic models are not useful for policy analysis because they do not take proper account of agents' expectations. Over the last decade, mainstream macroeconomic models in the UK and elsewhere have taken on board the `Rational Expectations Revolution' by explicitly incorporating expectations of the future.

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  • Sprog:
  • Engelsk
  • ISBN:
  • 9780792319030
  • Indbinding:
  • Hardback
  • Sideantal:
  • 211
  • Udgivet:
  • 20. august 1992
  • Udgave:
  • 1992
  • Størrelse:
  • 234x156x14 mm.
  • Vægt:
  • 1100 g.
  • 8-11 hverdage.
  • 21. november 2024
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It is commonly believed that macroeconomic models are not useful for policy analysis because they do not take proper account of agents' expectations. Over the last decade, mainstream macroeconomic models in the UK and elsewhere have taken on board the `Rational Expectations Revolution' by explicitly incorporating expectations of the future.

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