Rational Expectations Econometrics - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Rational Expectations Econometrics write by Lars Peter Hansen. This book was released on 2019-09-05. Rational Expectations Econometrics available in PDF, EPUB and Kindle. At the core of the rational expectations revolution is the insight that economic policy does not operate independently of economic agents' knowledge of that policy and their expectations of the effects of that policy. This means that there are very complicated feedback relationships existing between policy and the behaviour of economic agents, and these relationships pose very difficult problems in econometrics when one tries to exploit the rational expectations insight in formal economic modelling. This volume consists of work by two rational expectations pioneers dealing with the "nuts and bolts" problems of modelling the complications introduced by rational expectations. Each paper deals with aspects of the problem of making inferences about parameters of a dynamic economic model on the basis of time series observations. Each exploits restrictions on an econometric model imposed by the hypothesis that agents within the model have rational expectations.
A Rational Expectations Approach to Macroeconometrics
A Rational Expectations Approach to Macroeconometrics - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A Rational Expectations Approach to Macroeconometrics write by Frederic S. Mishkin. This book was released on 2007-11-01. A Rational Expectations Approach to Macroeconometrics available in PDF, EPUB and Kindle. A Rational Expectations Approach to Macroeconometrics pursues a rational expectations approach to the estimation of a class of models widely discussed in the macroeconomics and finance literature: those which emphasize the effects from unanticipated, rather than anticipated, movements in variables. In this volume, Fredrick S. Mishkin first theoretically develops and discusses a unified econometric treatment of these models and then shows how to estimate them with an annotated computer program.
Rational Expectations and Econometric Practice
Rational Expectations and Econometric Practice - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Rational Expectations and Econometric Practice write by Robert E. Lucas. This book was released on 1988. Rational Expectations and Econometric Practice available in PDF, EPUB and Kindle. 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.
Rational Expectations Econometrics
Rational Expectations Econometrics - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Rational Expectations Econometrics write by Lars Peter Hansen. This book was released on 2019-09-05. Rational Expectations Econometrics available in PDF, EPUB and Kindle. At the core of the rational expectations revolution is the insight that economic policy does not operate independently of economic agents' knowledge of that policy and their expectations of the effects of that policy. This means that there are very complicated feedback relationships existing between policy and the behaviour of economic agents, and these relationships pose very difficult problems in econometrics when one tries to exploit the rational expectations insight in formal economic modelling. This volume consists of work by two rational expectations pioneers dealing with the "nuts and bolts" problems of modelling the complications introduced by rational expectations. Each paper deals with aspects of the problem of making inferences about parameters of a dynamic economic model on the basis of time series observations. Each exploits restrictions on an econometric model imposed by the hypothesis that agents within the model have rational expectations.
Rational Expectations and Inflation
Rational Expectations and Inflation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Rational Expectations and Inflation write by Thomas J. Sargent. This book was released on 2013-05-05. Rational Expectations and Inflation available in PDF, EPUB and Kindle. A fully expanded edition of the Nobel Prize–winning economist's classic book This collection of essays uses the lens of rational expectations theory to examine how governments anticipate and plan for inflation, and provides insight into the pioneering research for which Thomas Sargent was awarded the 2011 Nobel Prize in economics. Rational expectations theory is based on the simple premise that people will use all the information available to them in making economic decisions, yet applying the theory to macroeconomics and econometrics is technically demanding. Here, Sargent engages with practical problems in economics in a less formal, noneconometric way, demonstrating how rational expectations can satisfactorily interpret a range of historical and contemporary events. He focuses on periods of actual or threatened depreciation in the value of a nation's currency. Drawing on historical attempts to counter inflation, from the French Revolution and the aftermath of World War I to the economic policies of Margaret Thatcher and Ronald Reagan, Sargent finds that there is no purely monetary cure for inflation; rather, monetary and fiscal policies must be coordinated. This fully expanded edition of Rational Expectations and Inflation includes Sargent's 2011 Nobel lecture, "United States Then, Europe Now." It also features new articles on the macroeconomics of the French Revolution and government budget deficits.
