A Rational Expectations Approach To Macroeconometrics
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A Rational Expectations Approach To Macroeconometrics
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Author : Frederic S. Mishkin
language : en
Publisher: University of Chicago Press
Release Date : 2007-11-01
A Rational Expectations Approach To Macroeconometrics written by Frederic S. Mishkin and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-11-01 with Business & Economics categories.
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
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Author : Robert E. Lucas
language : en
Publisher: U of Minnesota Press
Release Date : 1988
Rational Expectations And Econometric Practice written by Robert E. Lucas and has been published by U of Minnesota Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with categories.
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.
A Rational Expectations Approach To Macroeconometrics Testing Policy Ineffectiveness And Efficient Markets Model
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Author : Frederic S. MISHKIN
language : en
Publisher:
Release Date : 1983
A Rational Expectations Approach To Macroeconometrics Testing Policy Ineffectiveness And Efficient Markets Model written by Frederic S. MISHKIN and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with categories.
A Search Equilibrium Approach To The Micro Foundations Of Macroeconomics
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Author : Peter A. Diamond
language : en
Publisher: MIT Press
Release Date : 1984
A Search Equilibrium Approach To The Micro Foundations Of Macroeconomics written by Peter A. Diamond and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Business & Economics categories.
Peter A. Diamond discusses search equilibrium as a framework for integrating micro and macroeconomics.
Rational Expectations And Inflation
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Author : Thomas J. Sargent
language : en
Publisher: Princeton University Press
Release Date : 2013-05-05
Rational Expectations And Inflation written by Thomas J. Sargent and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-05 with Business & Economics categories.
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.
A History Of Macroeconomics From Keynes To Lucas And Beyond
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Author : Michel De Vroey
language : en
Publisher: Cambridge University Press
Release Date : 2016-01-08
A History Of Macroeconomics From Keynes To Lucas And Beyond written by Michel De Vroey and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-01-08 with Business & Economics categories.
This book retraces the history of macroeconomics from Keynes's General Theory to the present. Central to it is the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era, each ruled by distinct methodological standards. In the Keynesian era, the book studies the following theories: Keynesian macroeconomics, monetarism, disequilibrium macro (Patinkin, Leijongufvud, and Clower) non-Walrasian equilibrium models, and first-generation new Keynesian models. Three stages are identified in the DSGE era: new classical macro (Lucas), RBC modelling, and second-generation new Keynesian modeling. The book also examines a few selected works aimed at presenting alternatives to Lucasian macro. While not eschewing analytical content, Michel De Vroey focuses on substantive assessments, and the models studied are presented in a pedagogical and vivid yet critical way.
The Limits To Rational Expectations
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Author : M. Hashem Pesaran
language : en
Publisher: Wiley-Blackwell
Release Date : 1989
The Limits To Rational Expectations written by M. Hashem Pesaran and has been published by Wiley-Blackwell this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Business & Economics categories.
The Behavioral Economics Of Inflation Expectations
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Author : Tobias F. Rötheli
language : en
Publisher:
Release Date : 2020
The Behavioral Economics Of Inflation Expectations written by Tobias F. Rötheli and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with Economics categories.
"The notion that expectations play a key role in economic decision making is a very old one. Over the past 100 years, major advances in the application of this insight in the formulation of economic models have been made in various subfields of economics. The concept of extrapolation, the idea that past observations of a series are the basis for making projections into the future, was present from the start of the modeling of dynamic economic processes"--
Rational Expectations And Economic Policy
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Author : Stanley Fischer
language : en
Publisher: University of Chicago Press
Release Date : 2008-04-15
Rational Expectations And Economic Policy written by Stanley Fischer and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-04-15 with Business & Economics categories.
"Several areas in economics today have unprecedented significance and vitality. Most people would agree that stabilization policy ranks with the highest of these. Continuing inflation and periodic serious acceleration of inflation combined with high and secularly rising unemployment combine to give the area high priority. This book brings us up to date on an extremely lively discussion involving the role of expectations, and more particularly rational expectations, in the conduct of stabilization policy. . . . Anyone interested in the role of government in economics should read this important book."—C. Glyn Williams, The Wall Street Review of Books "This is a most timely and valuable contribution. . . . The contributors and commentators are highly distinguished and the editor has usefully collated comments and the ensuing discussion. Unusually for a conference proceedings the book is well indexed and it is also replete with numerous and up-to-date references. . . . This is the first serious book to examine the rational expectations thesis in any depth, and it will prove invaluable to anyone involved with macroeconomic policy generally and with monetary economics in particular."—G. K. Shaw, The Economic Journal
Lectures On Behavioral Macroeconomics
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Author : Paul De Grauwe
language : en
Publisher: Princeton University Press
Release Date : 2012-10-14
Lectures On Behavioral Macroeconomics written by Paul De Grauwe and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-10-14 with Business & Economics categories.
6.2 Introducing Asset Prices in the Behavioral Model -- 6.3 Simulating the Model -- 6.4 Should the Central Bank Care about Stock Prices? -- 6.5 Inflation Targeting and Macroeconomic Stability -- 6.6 The Trade-off between Output and Inflation Variability -- 6.7 Conclusion -- 7 Extensions of the Basic Model -- 7.1 Fundamentalists Are Biased -- 7.2 Shocks and Trade-offs -- 7.3 Further Extensions of the Basic Model -- 7.4 Conclusion -- 8 Empirical Issues -- 8.1 Introduction -- 8.2 The Correlation of Output Movements and Animal Spirits -- 8.3 Model Predictions: Higher Moments -- 8.4 Transmission of Monetary Policy Shocks -- 8.5 Conclusion -- References -- Index