Synopsis
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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From the Back Cover
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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RATIONAL EXPECTATIONS AND ECONOMETRIC PRACTICE, 2 Volumes
Published by
The University of Minnesota Press, Minneapolis, 1988
ISBN 10: 0816610983
ISBN 13: 9780816610983
Used
Soft cover
Seller: J. Wyatt Books, Ottawa, ON, Canada
Seller rating 5 out of 5 stars
Soft cover. 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+. Book. Seller Inventory # 214795
Stock Image
RATIONAL EXPECTATIONS AND ECONOMETRIC PRACTICE
Published by
The University of Minnesota Press, Minneapolis, 1981
ISBN 10: 0816610983
ISBN 13: 9780816610983
Used
Soft cover
Seller: J. Wyatt Books, Ottawa, ON, Canada
Seller rating 5 out of 5 stars
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. Book. Seller Inventory # 205465
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Rational Expectations and Econometric Practice (2 Volume Set)
Seller: Mispah books, Redhill, SURRE, United Kingdom
Seller rating 3 out of 5 stars
paperback. Condition: Good. Good. book. Seller Inventory # ERICA82908166109833