Rational Expectations and Econometric Practice

Rational Expectations and Econometric Practice
Author :
Publisher : U of Minnesota Press
Total Pages : 335
Release :
ISBN-10 : 9781452908281
ISBN-13 : 1452908281
Rating : 4/5 (81 Downloads)

Book Synopsis Rational Expectations and Econometric Practice by : Robert E. Lucas

Download or read book Rational Expectations and Econometric Practice written by Robert E. Lucas and published by U of Minnesota Press. This book was released on 1988 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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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