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Author: M. R. Wickens
Publisher:
ISBN: 9780909541354
Category :
Languages : en
Pages : 17
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Author: M. R. Wickens
Publisher:
ISBN: 9780909541354
Category :
Languages : en
Pages : 17
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Book Description
Author: Mike Wickens
Publisher:
ISBN:
Category :
Languages : en
Pages : 12
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Author: Frederic S. Mishkin
Publisher: University of Chicago Press
ISBN: 0226531929
Category : Business & Economics
Languages : en
Pages : 184
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Book Description
A Rational Expectations Approach to Macroeconometrics pursues a rational expectations approach to the estimation of a class of models widely discussed in the macroeconomics and finance literature: those which emphasize the effects from unanticipated, rather than anticipated, movements in variables. In this volume, Fredrick S. Mishkin first theoretically develops and discusses a unified econometric treatment of these models and then shows how to estimate them with an annotated computer program.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451925867
Category : Business & Economics
Languages : en
Pages : 30
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Book Description
A small macroeconomic model based on familiar theoretical considerations is developed and estimated using data from 31 developing countries. Efficient estimation techniques are used to control for country heterogeneity under the assumption of rational expectations. The estimates and the test statistics suggest that the model could serve well as a framework for developing-country macroeconomic analysis. An interesting feature of the specification of the model is that it allows the hypothesis of capital mobility to be explicitly tested. The empirical analysis suggests that on average developing countries tend to exhibit a high degree of capital mobility.
Author: Lars Peter Hansen
Publisher: CRC Press
ISBN: 1000308960
Category : Mathematics
Languages : en
Pages : 294
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Book Description
At the core of the rational expectations revolution is the insight that economic policy does not operate independently of economic agents' knowledge of that policy and their expectations of the effects of that policy. This means that there are very complicated feedback relationships existing between policy and the behaviour of economic agents, and these relationships pose very difficult problems in econometrics when one tries to exploit the rational expectations insight in formal economic modelling. This volume consists of work by two rational expectations pioneers dealing with the "nuts and bolts" problems of modelling the complications introduced by rational expectations. Each paper deals with aspects of the problem of making inferences about parameters of a dynamic economic model on the basis of time series observations. Each exploits restrictions on an econometric model imposed by the hypothesis that agents within the model have rational expectations.
Author: Charles R. Nelson
Publisher:
ISBN:
Category :
Languages : en
Pages : 23
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Author: Robert E. Lucas
Publisher: U of Minnesota Press
ISBN: 1452908281
Category :
Languages : en
Pages : 335
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Book Description
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.
Author: Steven M. Sheffrin
Publisher: Cambridge University Press
ISBN: 9780521479394
Category : Business & Economics
Languages : en
Pages : 204
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Book Description
This book develops the idea of rational expectations and surveys its use in economics today.
Author: Kajal Lahiri
Publisher: North Holland
ISBN:
Category : Business & Economics
Languages : en
Pages : 280
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Author: Janne Roslyn Rayner
Publisher:
ISBN:
Category : Econometrics
Languages : en
Pages :
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