Rational Expectations and Econometric Practice.
Assumptins 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 doctrin...
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| Format: | Electronic eBook |
| Language: | English |
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Minneapolis :
University of Minnesota Press,
1977
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| Local Note: | ProQuest Ebook Central |
