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Testing The Rational Expectations Hypothesis In Macroeconomic Models With Unobserved Variables


Testing The Rational Expectations Hypothesis In Macroeconomic Models With Unobserved Variables
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Testing The Rational Expectations Hypothesis In Macroeconomic Models With Unobserved Variables


Testing The Rational Expectations Hypothesis In Macroeconomic Models With Unobserved Variables
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Author : Leslie T. Oxley
language : en
Publisher:
Release Date : 1992

Testing The Rational Expectations Hypothesis In Macroeconomic Models With Unobserved Variables written by Leslie T. Oxley and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Economics categories.




Testing The Rational Expectations Hypothesis In Macro Econometric Models With Unobserved Variables


Testing The Rational Expectations Hypothesis In Macro Econometric Models With Unobserved Variables
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Author : Leslie T. Oxley
language : en
Publisher:
Release Date : 1993

Testing The Rational Expectations Hypothesis In Macro Econometric Models With Unobserved Variables written by Leslie T. Oxley and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Economics categories.




Rational Expectations In Macroeconomic Models


Rational Expectations In Macroeconomic Models
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Author : P. Fisher
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-04-17

Rational Expectations In Macroeconomic Models written by P. Fisher and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-17 with Business & Economics categories.


It is commonly believed that macroeconomic models are not useful for policy analysis because they do not take proper account of agents' expectations. Over the last decade, mainstream macroeconomic models in the UK and elsewhere have taken on board the `Rational Expectations Revolution' by explicitly incorporating expectations of the future. In principle, one can perform the same technical exercises on a forward expectations model as on a conventional model -- and more! Rational Expectations in Macroeconomic Models deals with the numerical methods necessary to carry out policy analysis and forecasting with these models. These methods are often passed on by word of mouth or confined to obscure journals. Rational Expectations in Macroeconomic Models brings them together with applications which are interesting in their own right. There is no comparable textbook in the literature. The specific subjects include: (i) solving for model consistent expectations; (ii) the choice of terminal condition and time horizon; (iii) experimental design: i.e., the effect of temporary vs permanent, anticipated vs. unanticipated shocks; deterministic vs. stochastic, dynamic vs. static simulation; (iv) the role of exchange rate; (v) optimal control and inflation-output tradeoffs. The models used are those of the Liverpool Research Group in Macroeconomics, the London Business School and the National Institute of Economic and Social Research.



Testing The Rational Expectations Hypothesis In Macroeconomic Models


Testing The Rational Expectations Hypothesis In Macroeconomic Models
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Author : Ray C. Fair
language : en
Publisher:
Release Date : 1993

Testing The Rational Expectations Hypothesis In Macroeconomic Models written by Ray C. Fair and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Macroeconomics categories.




Testing The Rational Expectations Hypothesis In Macroeconometric Models With Unobserved Variables


Testing The Rational Expectations Hypothesis In Macroeconometric Models With Unobserved Variables
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Author : Les T. Oxley
language : es
Publisher:
Release Date : 1992

Testing The Rational Expectations Hypothesis In Macroeconometric Models With Unobserved Variables written by Les T. Oxley and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with categories.




Reduced Forms Of Rational Expectations Models


Reduced Forms Of Rational Expectations Models
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Author : L. Broze
language : en
Publisher: Routledge
Release Date : 2013-06-17

Reduced Forms Of Rational Expectations Models written by L. Broze and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-17 with Business & Economics categories.


A comprehensive exposition of rational expectations models is provided here, working up from simple univariate models to more sophisticated multivariate and non-linear models.



Rational Expectations


Rational Expectations
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Author : Graham Keith Shaw
language : en
Publisher:
Release Date : 1984

Rational Expectations written by Graham Keith Shaw and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Business & Economics categories.




The Rational Expectation Hypothesis Time Varying Parameters And Adaptive Control


The Rational Expectation Hypothesis Time Varying Parameters And Adaptive Control
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Author : Marco P. Tucci
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

The Rational Expectation Hypothesis Time Varying Parameters And Adaptive Control written by Marco P. Tucci and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.


One of the major controversies in macroeconomics over the last 30 years has been that on the effectiveness of stabilization policies. However, this debate, between those who believe that this kind of policies is useless if not harmful and those who argue in favor of it, has been mainly theoretical so far. The Rational Expectation Hypothesis, Time-Varying Parameters and Adaptive Control wants to represent a step toward the construction of a common ground on which to empirically compare the two "beliefs" and to do this three strands of literature are brought together. The first strand is the research on time-varying parameters (TVP), the second strand is the work on adaptive control and the third one is the literature on linear stationary models with rational expectations (RE). The material presented in The Rational Expectation Hypothesis, Time-Varying Parameters and Adaptive Control is divided into two parts. Part 1 combines the strand of literature on adaptive control with that on TVP. It generalizes the approach pioneered by Tse and Bar-Shalom (1973) and Kendrick (1981) and one recently used in Amman and Kendrick (2002), where the law of motion of the TVP and the hyperstructural parameters are assumed known, to the case where the hyperstructural parameters are assumed unknown. Part 2 is devoted to the linear single-equation stationary RE model estimated with the error-in-variables (EV) method. It presents a new formulation of this problem based on the use of TVP in an EV model. This new formulation opens the door to a very promising development. All the theory developed in the first part to control a model with TVP can sic et simpliciter be applied to control a model with RE.



Rational Expectations


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 Rational Expectations Revolution In Macroeconomics


The Rational Expectations Revolution In Macroeconomics
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Author : David K. H. Begg
language : en
Publisher: Baltimore, Md. : Johns Hopkins University Press
Release Date : 1982

The Rational Expectations Revolution In Macroeconomics written by David K. H. Begg and has been published by Baltimore, Md. : Johns Hopkins University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Business & Economics categories.