£128.21

CRC Press - Rational Expectations Econometrics Book

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Description

Explore the fundamental principles of the rational expectations revolution with this academic volume from CRC Press. This book addresses the core insight that economic policy does not operate independently of what economic agents know and expect regarding those policies. Because agents adjust their behavior based on their expectations of policy effects, complicated feedback relationships emerge. These relationships create significant challenges for econometricians attempting to use rational expectations insights within formal economic modeling. This volume provides essential work from two pioneers in the field of rational expectations, focusing on the technical problems and methodologies required to navigate these complex economic relationships. It serves as a vital resource for those studying the connection between policy, agent behavior, and formal econometric modeling.

Key Features

Covers the core insights of the rational expectations revolution for academic study.

Explores the feedback relationships between economic policy and agent behavior.

Provides work from two recognized pioneers in the field of rational expectations.

Addresses the difficult problems in econometrics when using formal economic modeling.

Analyzes how agent knowledge of policy affects economic outcomes.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
09 September 2019
Listed Since
04 September 2019

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No barcode data available

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