A Rational Expectations Approach to Macroeconometrics pursues a rational expectations approach to the estimation of a class of models widely discussed in the ma
A crucial challenge for economists is figuring out how people interpret the world and form expectations that will likely influence their economic activity. Infl
A fully expanded edition of the Nobel Prize–winning economist's classic book This collection of essays uses the lens of rational expectations theory to examin
Assumptions about how people form expectations for the future shape the properties of any dynamic economic model. To make economic decisions in an uncertain env