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by Robert E. Lucas Jr.,T. Sargent

Download Rational Expectations and Econometric Practice fb2
Author: Robert E. Lucas Jr.,T. Sargent
ISBN: 0043390188
Language: English
Pages: 729 pages
Category: Economics
Publisher: HarperCollins Publishers (January 21, 1982)
Rating: 4.8
Formats: azw rtf doc docx
FB2 size: 1361 kb | EPUB size: 1332 kb | DJVU size: 1622 kb

The doctrine of rational expectations uses standard economic methods to explain how those expectations are formed. Robert E. Lucas, J. is professor of economics at the University of Chicago.

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. Thomas J. Sargent is professor of economics at the University of Minnesota and adviser to the Federal Reserve Bank of Minnesota.

Includes bibliographical references. 1. Implications of rational expectations and econometric practice

Includes bibliographical references. Implications of rational expectations and econometric practice. After Keynesian macroeconomics, Robert E. and Thomas J. Sargent - Estimation of economic relationships containing latent expectations variables, John F. Muth - Econometric implications of the rational expectations hypothesis, Kenneth F. Wallis - Estimation of rational expectations models, Gregory C. Chow - 4. General applications.

The doctrine of rational expectations uses standard economic methods to explain . is professor of economics at the University of Chicago

The doctrine of rational expectations uses standard economic methods to explain how those expectations are formed.

Robert E. Lucas Jr. Paperback. Long-Run Economic Relationships: Readings in Cointegration (Advanced Texts in Econometrics).

In economics, "rational expectations" are model-consistent expectations, in that agents inside the model are assumed to "know the model" and on average take the model's predictions as valid. Rational expectations ensure internal consistency in models involving uncertainty.

Aren’t Lucas and Sargent at the opposite end of the ideological spectrum? They are, and that’s an important point

Aren’t Lucas and Sargent at the opposite end of the ideological spectrum? They are, and that’s an important point. Both sides of the spectrum within economics use the same tools and techniques.

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Rational expectations and the reconstruction of macroeconomics. Rational expectations, the optimal monetary instrument, and the optimal money supply rule.

Rational expectations and the reconstruction of macroeconomics. 31. Sargent, T. and Wallace, N. 1975. Journal of Political Economy 83, no. 2 (April). 32. 1976. Rational expectations and the theory of economic policy. Journal of Monetary Economics 2, no. 2 (April): 169-83.

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