Description

Book Synopsis
Designed to explain the concept of rational expectations in macroeconomics, this book offers a comprehensive survey of the foundations, extensions and policy applications of the rational expectations hypothesis. This edition includes work on time inconsistency and variance.

Trade Review
"... A highly successful attempt to make this difficult, important and controversial field accessible to students. Strongly recommended." Times Higher Education Supplement

"... A lucid introduction to rational expectations theory, its policy prescriptions and empirical applications." Sheila Dow, The Economic Journal



Table of Contents
Preface.

1. Expectations in Macroeconomics.

2. The Theory of Rational Expectations.

3. Testing the Rational Expectations Hypothesis.

4. Rational Expectations and a Flexible Price Macroeconomic Model.

5. Criticisms of the Flexible Price Rational Expectations Model.

6. Rational Expectations and Macroeconomics: Two Influential Empirical Studies.

7. Criticism and Reappraisal of the Lucas and Barro Models.

8. Real Business Cycle Theory.

9. Rational Expectations and the Real Income Hypothesis.

10. Summary and Conclusions.

Rational Expectations in Macroeconomics

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    A Paperback / softback by Clifford L. F. Attfield, David Demery, Nigel W. Duck

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      View other formats and editions of Rational Expectations in Macroeconomics by Clifford L. F. Attfield

      Publisher: John Wiley and Sons Ltd
      Publication Date: Publication Date: 13/06/1991
      ISBN13: 9780631179474, 978-0631179474
      ISBN10: 063117947X
      Also in:
      Economics

      Description

      Book Synopsis
      Designed to explain the concept of rational expectations in macroeconomics, this book offers a comprehensive survey of the foundations, extensions and policy applications of the rational expectations hypothesis. This edition includes work on time inconsistency and variance.

      Trade Review
      "... A highly successful attempt to make this difficult, important and controversial field accessible to students. Strongly recommended." Times Higher Education Supplement

      "... A lucid introduction to rational expectations theory, its policy prescriptions and empirical applications." Sheila Dow, The Economic Journal



      Table of Contents
      Preface.

      1. Expectations in Macroeconomics.

      2. The Theory of Rational Expectations.

      3. Testing the Rational Expectations Hypothesis.

      4. Rational Expectations and a Flexible Price Macroeconomic Model.

      5. Criticisms of the Flexible Price Rational Expectations Model.

      6. Rational Expectations and Macroeconomics: Two Influential Empirical Studies.

      7. Criticism and Reappraisal of the Lucas and Barro Models.

      8. Real Business Cycle Theory.

      9. Rational Expectations and the Real Income Hypothesis.

      10. Summary and Conclusions.

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