Rational Expectations And Inflation
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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.
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
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.
Rational Expectations And Inflation
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Author : Thomas J. Sargent
language : en
Publisher: HarperCollins College
Release Date : 1993
Rational Expectations And Inflation written by Thomas J. Sargent and has been published by HarperCollins College this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Business & Economics categories.
Rational Expectations
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Author : Steven M. Sheffrin
language : en
Publisher: Cambridge University Press
Release Date : 1996-06-13
Rational Expectations written by Steven M. Sheffrin 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 1996-06-13 with Business & Economics categories.
This book develops the idea of rational expectations and surveys its use in economics today.
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 Inflation
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Author : Thomas J. Sargent
language : en
Publisher: New York : Harper & Row
Release Date : 1986
Rational Expectations And Inflation written by Thomas J. Sargent and has been published by New York : Harper & Row this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Business & Economics categories.
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.
The Big Problem Of Small Change
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Author : Thomas J. Sargent
language : en
Publisher: Princeton University Press
Release Date : 2003-11-23
The Big Problem Of Small Change 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 2003-11-23 with Antiques & Collectibles categories.
This text offers an explanation of how a problem that dogged monetary authorities for hundreds of years was finally solved. It amounts to a history of how commodity money (money literally worth its weight in gold) became fiat money (money not literally equal to the value claimed for it).
The Rational Expectations Revolution
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Author : Preston J. Miller
language : en
Publisher: MIT Press
Release Date : 1994
The Rational Expectations Revolution written by Preston J. Miller and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
These 21 readings describe the orgins and growth of the macroeconomic analysis known as "rational expectations". The readings trace the development of this approach from the late 1970s to the 1990s.