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Rational Expectations and Econometric Practice was first published in 1981. Minnesota Archive Editions uses digital technology to make long-unavailable books once again accessible, and are published unaltered from the original University of Minnesota Press editions.
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.
Robert E. Lucas, Jr., is professor of economics at the University of Chicago. Thomas J. Sargent is professor of economics at the University of Minnesota and adviser to the Federal Reserve Bank of Minnesota.
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Minnesota Archive Editions uses digital technology to make long-unavailable books once again accessible to scholars, students, researchers, and general readers. Rich with historical and cultural value, these works are published unaltered from the original University of Minnesota Press editions. The books offered through Minnesota Archive Editions are produced in limited quantities according to customer demand and are available through select distribution partners.
About the Author:
Thomas J. Sargent is the Berkley Professor of Economics and Business at New York University.
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- PublisherUniv of Minnesota Pr
- Publication date1981
- ISBN 10 0816610983
- ISBN 13 9780816610983
- BindingPaperback
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Rational Expectations and Econometric Practices (2-Volume Set)
Published by
University of Minnesota Press, Minneapolis, MN, U.S.A.
(1981)
ISBN 10: 0816610983
ISBN 13: 9780816610983
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Soft cover
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Book Description Soft cover. Condition: Very Good. 2-VOLUME SET; Volume I: VERY GOOD softcover, 5 pages have some highlighting, rest of text CLEAN; tight uncreased spine, Volume II: VERY GOOD softcover, no marks in text, tight uncreased spine. Book. Seller Inventory # 071568
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RATIONAL EXPECTATIONS AND ECONOMETRIC PRACTICE, 2 Volumes
Published by
The University of Minnesota Press, Minneapolis
(1988)
ISBN 10: 0816610983
ISBN 13: 9780816610983
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Softcover
Quantity: 1
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Book Description Softcover. Condition: VG+. Two volumes; 367 pages and pages 371-689. Pages are in very good, clean condition. Grey softcovers with red titles. Spines a little faded, light wear on corners and edges. VG+. Seller Inventory # 214795
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RATIONAL EXPECTATIONS AND ECONOMETRIC PRACTICE
Published by
The University of Minnesota Press, Minneapolis
(1981)
ISBN 10: 0816610983
ISBN 13: 9780816610983
Used
Soft Cover
Quantity: 1
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Book Description Soft Cover. Condition: Very Good. Two volumes. Volume 1: 367 pages. Volume 2: pages 371-689. Pages are all in very good, clean condition. Previous owner's name on both ffeps. Brown card covers with red/white titles. Covers show only very light wear. Bindings tight. VERY GOOD. Seller Inventory # 205465
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