Rational Expectations / Edition 2by Steven M. Sheffrin
Pub. Date: 05/28/2006
Publisher: Cambridge University Press
This revised and expanded edition argues that while rational expectations are still central to macroeconomic policy debates, fully workable models have not yet been devised. It offers reasons for the lack of practical and conceptual progress.
Table of ContentsPreface; Preface to the first edition; 1. The concept of rational expectations; 2. Inflation and unemployment; 3. Further topics in macroeconomics; 4. Efficient markets and rational expectations; 5. Empirical microeconomic models; 6. Rational expectations in practice; References; Index.
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