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Rational Expectations in Macroeconomic Models - Advanced Studies in Theoretical and Applied Econometrics P. Fisher Softcover reprint of hardcover 1st ed. 1992 edition
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Rational Expectations in Macroeconomic Models - Advanced Studies in Theoretical and Applied Econometrics
P. Fisher
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.
211 pages, biography
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