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Rational Expectations in Macroeconomic Models - P. Fisher - Bog

Bag om Rational Expectations in Macroeconomic Models

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.

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  • Sprog:
  • Engelsk
  • ISBN:
  • 9789048141883
  • Indbinding:
  • Paperback
  • Sideantal:
  • 211
  • Udgivet:
  • 2. december 2010
  • Udgave:
  • 11992
  • Størrelse:
  • 235x155x12 mm.
  • Vægt:
  • 355 g.
  • 8-11 hverdage.
  • 6. december 2024
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Beskrivelse af Rational Expectations in Macroeconomic Models

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.

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