Rational Expectations in Macroeconomic Models
Language: English
Published by Springer, 1992
Series: Book 44 of 54 - Advanced Studies in Theoretical and Applied Econometrics
- Hardcover
- New
Seller: Books Puddle, Woodside, NY, U.S.A.Books Puddle
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pp. 228.
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- Title
- Rational Expectations in Macroeconomic Models
- Author
- P. Fisher
- Publisher
- Springer
- Publication year
- 1992
- Condition
- New
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 0792319036
- ISBN 13
- 9780792319030
- Series
- Book 44 of 54: Advanced Studies in Theoretical and Applied Econometrics
Rational Expectations in Macroeconomic Models deals with the numerical methods necessary to carry out policy analysis and forecasting with these models. These methods are often passed on by word of mouth or confined to obscure journals.
Rational Expectations in Macroeconomic Models brings them together with applications which are interesting in their own right. There is no comparable textbook in the literature.
The specific subjects include: (i) solving for model consistent expectations; (ii) the choice of terminal condition and time horizon; (iii) experimental design: i.e., the effect of temporary vs permanent, anticipated vs. unanticipated shocks; deterministic vs. stochastic, dynamic vs. static simulation; (iv) the role of exchange rate; (v) optimal control and inflation-output tradeoffs. The models used are those of the Liverpool Research Group in Macroeconomics, the London Business School and the National Institute of Economic and Social Research.
"Synopsis" may belong to another edition of this title.
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Journal of Economics
"About the title" may belong to another edition of this title.
Books Puddle
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