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Rational Expectations and Econometric Practice.

Assumptins 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 doctrin...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Lucas, Robert E.
Otros Autores: Sargent, Thomas J.
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Minneapolis : University of Minnesota Press, 1977.
Temas:
Acceso en línea:Texto completo
Descripción
Sumario:Assumptins 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 beha.
Descripción Física:1 online resource (334 pages)
ISBN:9780816655557
0816655553
0816610711
9780816610716