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Rational Expectations in Macroeconomic Models
P. Fisher
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Description for Rational Expectations in Macroeconomic Models
Paperback. Series: Advanced Studies in Theoretical and Applied Econometrics. Num Pages: 219 pages, biography. BIC Classification: KCB; KCH; PBKQ. Category: (P) Professional & Vocational. Dimension: 235 x 155 x 12. Weight in Grams: 355.
It is commonly believed that macroeconomic models are not useful for policy analysis because they do not take proper account of agents' expectations. Over the last decade, mainstream macroeconomic models in the UK and elsewhere have taken on board the `Rational Expectations Revolution' by explicitly incorporating expectations of the future. In principle, one can perform the same technical exercises on a forward expectations model as on a conventional model -- and more!
Rational Expectations in Macroeconomic Models deals with the numerical methods necessary to carry out policy analysis and ... Read more
It is commonly believed that macroeconomic models are not useful for policy analysis because they do not take proper account of agents' expectations. Over the last decade, mainstream macroeconomic models in the UK and elsewhere have taken on board the `Rational Expectations Revolution' by explicitly incorporating expectations of the future. In principle, one can perform the same technical exercises on a forward expectations model as on a conventional model -- and more!
Rational Expectations in Macroeconomic Models deals with the numerical methods necessary to carry out policy analysis and ... Read more
Product Details
Format
Paperback
Publication date
2010
Publisher
Springer Netherlands
Number of pages
219
Condition
New
Series
Advanced Studies in Theoretical and Applied Econometrics
Number of Pages
211
Place of Publication
Dordrecht, Netherlands
ISBN
9789048141883
SKU
V9789048141883
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
Reviews for Rational Expectations in Macroeconomic Models
` This book should be of most interest to practitioners who wish to work with large scale rational expectations models. It should also be of interest to macroeconomists who wish to obtain a feel for the issues involved in working with these models. ' Journal of Economics