RATIONAL EXPECTATIONS AND ECONOMETRIC PRACTICE, 2 Volumes
Published by The University of Minnesota Press, Minneapolis, 1988
- Softcover
- Used
Seller: J. Wyatt Books, Ottawa, ON, CanadaJ. Wyatt Books
AbeBooks seller since June 3, 1998
Condition: Used - Very good
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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
- Title
- RATIONAL EXPECTATIONS AND ECONOMETRIC PRACTICE, 2 Volumes
- Author
- Lucas, Robert E. & Sargent, Thomas J. (editors)
- Publisher
- The University of Minnesota Press, Minneapolis
- Publication year
- 1988
- Condition
- VG+
- Book Type
- Book
- Binding
- Soft cover
- ISBN 10
- 0816610983
- ISBN 13
- 9780816610983
- Seller catalogs
- Economics, Mathematics
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.
"Synopsis" may belong to another edition of this title.
From the Back Cover
"About the title" may belong to another edition of this title.
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