Rational Expectations

List of contents

Preface; Preface to the first edition; 1. The concept of rational expectations; 2. Inflation and unemployment; 3. Further topics in macroeconomics; 4. Efficient markets and rational expectations; 5. Empirical microeconomic models; 6. Rational expectations in practice; References; Index.

Summary

In recent years, economists have developed models in which individuals form expectations of key variables in a 'rational' manner such that these expectations are consistent with actual economic environments. This book develops the idea of rational expectations and surveys its use in economics today.

Product details

• Authors: Steven M. Sheffrin
• Assisted by: John Pencavel (Editor)
• Publisher: Cambridge University Press
• Languages: English
• Product format: Paperback / Softback
• Released: 27.05.2006
• EAN: 9780521479394
• ISBN: 978-0-521-47939-4
• No. of pages: 200
• Dimensions: 152 mm x 229 mm x 12 mm
• Weight: 298 g
• Series: Cambridge Surveys of Economic
• Subjects: Guides > Law, job, finance; Social sciences, law, business > Business > Miscellaneous