Rational Expectations (Cambridge Surveys of Economic Literature) - Softcover

Sheffrin

 
9780521285957: Rational Expectations (Cambridge Surveys of Economic Literature)

Synopsis

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Book Description

In recent years, economists have developed models in which individuals form expectations of key variables in a 'rational' manner such that these expectations are consistent with actual economic environments. This book develops the idea of rational expectations and surveys its use in economics today.

From the Back Cover

Professor Sheffrin first explores the logical foundation of the concept and the case for employing it in economic analysis. A final chapter assesses its impact on theoretical and empirical work in economics and policy arenas.

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