Rational Expectations and Econometric Practice.
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, governme.
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| Online Access: |
Full text (MCPHS users only) |
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| Main Author: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Minneapolis :
University of Minnesota Press,
1981
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| Series: | Rational Expectations and Econometric Practice, v.1.
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| Subjects: | |
| Local Note: | ProQuest Ebook Central |
Table of Contents:
- Introduction; 1. Implications of Rational Expectations and Econometric Practice; "Rational Expectations and the Theory of Price Movements"; "Optimal Properties of Exponentially Weighted Forecasts"; "A Note on the 'Accelerationist' Controversy"; "Distributed Lags and Optimal Investment Policy"; "Optimal Investment with Rational Expectations"; "Investment under Uncertainty"; "Formulating and Estimating Dynamic Linear Rational Expectations Models"; "Linear Rational Expectations Models for Dynamically Interrelated Variables"; 2. Macroeconomic Policy.
