Rational Expectations and Econometric Practice

Description

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, government subsidy schemes and regulations. The doctrine of rational expectations uses standard economic methods to explain how those expectations are formed. It assumes that people form expectations in an optimal way, given their limited information and all of the uncertainties of the environment. This work collects the papers that have made significant contributions to formulating the idea of rational expectations. Selections range from John F. Muth’s classic essays of the early sixties to unpublished research of Muth, Gregory Chow, Robert E. Lucas, and Lars P. Hansen and Thomas J. Sargent. Most of the papers deal with the connections between observed economic behavior and the evaluation of alternative economic policies. The editors have focused on work that will be valuable for applied economists who are interested in constructing and estimating econometric models. Their introductory essay unifies the collection and explains the relationship among various aspects of work in rational expectations theory. This collection thus presents a valuable record of the development of the concept as well as an overview of current work in the field. Contributors besides the editors and those mentioned above are: Edward C. Prescott, Neil Wallace, Robert J. Barro, Stanley Fischer, B.T. McCallum, Kenneth F. Wallis, C. W. J. Granger, Christopher A. Sims, Robert E. Hall, F. E. Kydland, Guillermo A. Calvo, and John B. Taylor. The paperback edition of this work is bound as two volumes. Volume I contains the editors introduction and covers the topics of Implications of Rational Expectations for Time Series, Macroeconomic Policy, and Econometric Methods. Volume II discusses the subjects of General Applications, Testing for Neutrality, and Macroeconomic Control Problems.

Disclaimer:
Contents of this page are indexed from the Internet. All actions are under your responsability. Email us to report illegal contents or external links and we'll remove them immediately.

Please check the description for download links if any or do a search to find alternative books.

Can't Download?
Please search mirrors if you can't find download links for "Rational Expectations and Econometric Practice" in "Description" and someone else may update the links. Check the comments when back to find any updates.

Search Mirrors
Maybe some mirror pages will be helpful, search this book at top of this page or click here to find more info.

1. Ebooks list page : 3289
2. Rational Expectations and Econometric Practice - Volume 1
3. Rational Expectations CB
4. The Practice of Econometric Theory: An Examination of the Characteristics of Econometric Computation
5. Bayesian Econometric Methods (Econometric Exercises)
6. The Practice of Rational Emotive Behavior Therapy, 2nd Edition
7. The Rational Unified Process Made Easy: A Practitioner%27s Guide to Rational Uni
8. The Rational Unified Process Made Easy: A Practitioner's Guide to Rational Unified Process by Per Kroll
9. The Rational Unified Process Made Easy: A Practitioner's Guide to Rational Unified Process
10. Using Rose 2001
11. Great Expectations
12. Great Expectations
13. Great Expectations
14. Great.Expectations
15. The Age of Diminished Expectations, Third Edition
16. The Age of Diminished Expectations, Third Edition