Rational Expectations in Macroeconomic Models
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...
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| Format: | eBook |
| Language: | English |
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Dordrecht
Springer Netherlands
1992, 1992
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| Edition: | 1st ed. 1992 |
| Series: | Advanced Studies in Theoretical and Applied Econometrics
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| Subjects: | |
| Online Access: | |
| Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Table of Contents:
- Large-Scale Macroeconomic Models and Forward Expectations
- Solution Methods for Nonlinear Forward Expectations Models
- Terminal Conditions, Uniqueness and Stability
- Experimental Design
- The Role of the Exchange Rate
- Optimal Control and Inflation-Unemployment Trade-Offs
- Conclusion