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Rational Expectations and Econometric Practice

Rational Expectations and Econometric Practice

Rational Expectations and Econometric Practice
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Rational Expectations and Econometric Practice Paperback - 1981

by Robert E. Lucas Jr. (Editor), Thomas J. Sargent (Editor)

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[ Edition: Reprint ]. Good Condition. [ No Hassle 30 Day Returns ][ Ships Daily ] [ Underlining/Highlighting: NONE ] [ Writing: NONE ] Publisher: University Of Minnesota Press Pub Date: 1/1/1982 Binding: Paperback Pages: 367
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Details

  • Title Rational Expectations and Econometric Practice
  • Author Robert E. Lucas Jr. (Editor), Thomas J. Sargent (Editor)
  • Binding Paperback
  • Edition [ Edition: Reprint ]
  • Condition Used - Good Condition
  • Pages 408
  • Volumes 1
  • Language ENG
  • Publisher University of Minnesota Press, Minneapolis, MN, U.S.A.
  • Publication date 1981-11-13
  • Bookseller's Inventory # 6941081
  • ISBN 9780816609178 / 0816609179
  • Weight 1.42 lbs (0.64 kg)
  • Dimensions 8.91 x 5.77 x 1.14 in (22.63 x 14.66 x 2.90 cm)
  • Category Business / Economics / Finance
  • Library of Congress Catalogue Number 80024602
  • Dewey Decimal Code 330.028
  • Quantity available 1

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From the publisher

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.

From the rear 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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