Rational expectations and econometric practice /

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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, governme.

Bibliographic Details
Call Number:Libro Electrónico
Other Authors: Lucas, Robert E., Jr, Sargent, Thomas J.
Format: Electronic eBook
Language:Inglés
Published: Minneapolis : University of Minnesota Press, ©1981.
Subjects:
Econometrics.
Time-series analysis.
Monetary policy > Mathematical models.
Economic policy > Mathematical models.
Rational expectations (Economic theory)
Économétrie.
Série chronologique.
Politique monétaire > Modèles mathématiques.
Politique économique > Modèles mathématiques.
BUSINESS & ECONOMICS > Economics > General.
Erwartung
Prognose
Wirtschaft
Wirtschaftsentwicklung
Ökonometrie
Ökonometrisches Modell
Aufsatzsammlung
Séries chronologiques.
Anticipations rationnelles (théorie économique)
Econométrie.
Online Access:Texto completo
Table of Contents:
  • Introduction; 1. Implications of Rational Expectations and Econometric Practice; "Rational Expectations and the Theory of Price Movements"; "Optimal Properties of Exponentially Weighted Forecasts"; "A Note on the 'Accelerationist' Controversy"; "Distributed Lags and Optimal Investment Policy"; "Optimal Investment with Rational Expectations"; "Investment under Uncertainty"; "Formulating and Estimating Dynamic Linear Rational Expectations Models"; "Linear Rational Expectations Models for Dynamically Interrelated Variables"; 2. Macroeconomic Policy.

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