A Reader's Guide to Rational Expectations: A Survey and Comprehensive Bibliography
By: Deborah A. Redman (editor)Hardback
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The major purpose of this work is to make staying up to date with rational expectations (RE) easier for economists in government, academia and industry, as well as for students. In writing this work, the author wanted to provide the reader with an introduction to rational expectations which enables him or her to tackle the literature. That is the task of Part I. In Part II a bibliography containing the literature on rational expectations - which has reached a voluminous level in the 1980s - is put at the reader's fingertips. In the introduction to rational expectations (RE) the author attempts to define the various versions of RE verbally and formally side by side so that the reader can immediately comprehend that some definitions of RE are more restrictive than others. Even the layman with a minimal knowledge of statistics and economics should be able to understand the text.
A reader's guide to rational expectations; critique - what's wrong with the narrow version of rational expectations?; what about stabilization policy - the new classical school; is the rational expectations controversy merely a debate over market-clearing and non-market-clearing models?; what the evidence shows; a comprehensive annotate bibliography.
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- ID: 9781852785673
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