Rational Expectations in Macroeconomics: An Introduction to Theory and Evidence - Hardcover

Attfield, Clifford L. F.; Demery, David; Duck, Nigel W.

Hardcover

ISBN 10: 0631173447 ISBN 13: 9780631173441

Publisher: Wiley–Blackwell, 1991

Synopsis

Rational expectations has unquestionably become the standard way of modelling expectations in macroeconomics. Like the successful and widely-adopted first edition, this new edition is designed to explain the concept of rational expectations and its implications for macroeconomics. It fills the gap between introductory macroeconomics texts in which expectations formation is incidental and the technically advanced texts and journal literature on rational expectations. In this new edition, the authors have both extensively revised the presentaiton of much of the material covered and extended the coverage to include recent developments in the subject, most notably in the theory of aggregate consumption and the theory of real business cycles.

About this title

Review

"... A highly successful attempt to make this difficult, important and controversial field accessible to students. Strongly recommended." Times Higher Education Supplement

"... A lucid introduction to rational expectations theory, its policy prescriptions and empirical applications." Sheila Dow, The Economic Journal

About the Author

Clifford Attfield is Reader in Econometrics at University of Bristol.

David Demery is Senior Lecturer.

Nigel Duck is Reader in Economics at the University of Bristol.

About this edition

• Publisher: Wiley–Blackwell
• Publication date: 1991
• ISBN 10: 0631173447
• ISBN 13: 9780631173441
• Binding: Hardcover
• Edition number: 2
• Number of pages: 256