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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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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Lucas, Robert E.
Other Authors: Sargent, Thomas J.
Format: Electronic eBook
Language:Inglés
Published: Minneapolis : University of Minnesota Press, 1977.
Subjects:
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