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Rational expectations

Author: Steven M Sheffrin
Publisher: Cambridge ; New York : Cambridge University Press, 1996.
Series: Cambridge surveys of economic literature.
Edition/Format:   Print book : English : 2nd edView all editions and formats
Summary:
Economists have recently been working with models in which individuals form expectations of key variables in a "rational" manner, such that these expectations are consistent with actual economic environments. Professor Sheffrin first explores the logical foundation of the concept and the case for employing it in economic analysis. Subsequent chapters investigate its use in macroeconomics, financial markets, and
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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Steven M Sheffrin
ISBN: 0521474000 9780521474009 0521479398 9780521479394
OCLC Number: 33335008
Description: xii, 184 pages : illustrations ; 24 cm.
Contents: The concept of rational expectations --
Inflation and unemployment --
Further topics in macroeconomics --
Efficient markets and rational expectations --
Empirical microeconomic models --
Rational expectations in practice.
Series Title: Cambridge surveys of economic literature.
Responsibility: Steven M. Sheffrin.
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Abstract:

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  Read more...

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