9780816610983-0816610983-Rational Expectations and Econometric Practice (2 Volume Set)

Rational Expectations and Econometric Practice (2 Volume Set)

ISBN-13: 9780816610983
ISBN-10: 0816610983
Edition: 2 Volume Set!! Clean and Tight Contents
Author: Thomas J Sargent, Robert E. Lucas Jr.
Publication date: 2016
Publisher: Univ of Minnesota Pr
Format: Paperback
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Book details

ISBN-13: 9780816610983
ISBN-10: 0816610983
Edition: 2 Volume Set!! Clean and Tight Contents
Author: Thomas J Sargent, Robert E. Lucas Jr.
Publication date: 2016
Publisher: Univ of Minnesota Pr
Format: Paperback

Summary

Rational Expectations and Econometric Practice (2 Volume Set) (ISBN-13: 9780816610983 and ISBN-10: 0816610983), written by authors Thomas J Sargent, Robert E. Lucas Jr., was published by Univ of Minnesota Pr in 2016. With an overall rating of 4.0 stars, it's a notable title among other books. You can easily purchase or rent Rational Expectations and Econometric Practice (2 Volume Set) (Paperback) from BooksRun, along with many other new and used books and textbooks. And, if you're looking to sell your copy, our current buyback offer is $0.4.

Description

Rational Expectations and Econometric Practice was first published in 1981. Minnesota Archive Editions uses digital technology to make long-unavailable books once again accessible, and are published unaltered from the original University of Minnesota Press editions.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.This work collects the papers that have made significant contributions to formulating the idea of rational expectations. Most of the papers deal with the connections between observed economic behavior and the evaluation of alternative economic policies.Robert E. Lucas, Jr., is professor of economics at the University of Chicago. Thomas J. Sargent is professor of economics at the University of Minnesota and adviser to the Federal Reserve Bank of Minnesota.
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