Rational expectations and econometric practice /

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.

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Bibliographic Details
Other Authors: Lucas, Robert E., Jr, Sargent, Thomas J.
Format: Electronic eBook
Language:English
Published: Minneapolis : University of Minnesota Press, ©1981.
Subjects:
Online Access:CONNECT
Description
Summary: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.
Physical Description:1 online resource (xl, 689 pages) : illustrations
Bibliography:Includes bibliographical references.
ISBN:9780816610716
0816610711
9780816655557
0816655553