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Rational Expectations and Econometric Practice

Rational Expectations and Econometric Practice PDF Author: Robert E. Lucas
Publisher: U of Minnesota Press
ISBN: 0816610711
Category : Business & Economics
Languages : en
Pages : 734

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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.