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Rational Expectations and Inflation: Third Edition
Thomas J. Sargent
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Description for Rational Expectations and Inflation: Third Edition
Hardback. Num Pages: 392 pages, black & white line drawings, black & white tables, figures. BIC Classification: KCA; KCBM. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 240 x 166 x 29. Weight in Grams: 684.
This collection of essays uses the lens of rational expectations theory to examine how governments anticipate and plan for inflation, and provides insight into the pioneering research for which Thomas Sargent was awarded the 2011 Nobel Prize in economics. Rational expectations theory is based on the simple premise that people will use all the information available to them in making economic decisions, yet applying the theory to macroeconomics and econometrics is technically demanding. Here, Sargent engages with practical problems in economics in a less formal, noneconometric way, demonstrating how rational expectations can satisfactorily interpret a range of historical and contemporary ... Read more
This collection of essays uses the lens of rational expectations theory to examine how governments anticipate and plan for inflation, and provides insight into the pioneering research for which Thomas Sargent was awarded the 2011 Nobel Prize in economics. Rational expectations theory is based on the simple premise that people will use all the information available to them in making economic decisions, yet applying the theory to macroeconomics and econometrics is technically demanding. Here, Sargent engages with practical problems in economics in a less formal, noneconometric way, demonstrating how rational expectations can satisfactorily interpret a range of historical and contemporary ... Read more
Product Details
Format
Hardback
Publication date
2013
Publisher
Princeton University Press
Number of pages
392
Condition
New
Number of Pages
392
Place of Publication
New Jersey, United States
ISBN
9780691158709
SKU
V9780691158709
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-14
About Thomas J. Sargent
Thomas J. Sargent is professor of economics at New York University. His books include Robustness and The Big Problem of Small Change (both Princeton). He was awarded the 2011 Nobel Prize in economics.
Reviews for Rational Expectations and Inflation: Third Edition
Thomas J. Sargent, Winner of the 2011 Nobel Prize in Economics "In Rational Expectations and Inflation, Sargent provides a consistent way to think about the relationship between a government and its central bank... [I]t is the best exposition of what monetary policy is all about, at this mostly nontechnical level, of which I know... Rational Expectations and Inflation on the ... Read more