Rational Expectations Econometrics

Rational Expectations Econometrics
Author :
Publisher : CRC Press
Total Pages : 306
Release :
ISBN-10 : 9781000308969
ISBN-13 : 1000308960
Rating : 4/5 (960 Downloads)

Book Synopsis Rational Expectations Econometrics by : Lars Peter Hansen

Download or read book Rational Expectations Econometrics written by Lars Peter Hansen and published by CRC Press. This book was released on 2019-09-05 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Rational Expectations Econometrics Related Books

Rational Expectations Econometrics
Language: en
Pages: 306
Authors: Lars Peter Hansen
Categories: Mathematics
Type: BOOK - Published: 2019-09-05 - Publisher: CRC Press

GET EBOOK

At the core of the rational expectations revolution is the insight that economic policy does not operate independently of economic agents' knowledge of that pol
A Rational Expectations Approach to Macroeconometrics
Language: en
Pages: 184
Authors: Frederic S. Mishkin
Categories: Business & Economics
Type: BOOK - Published: 2007-11-01 - Publisher: University of Chicago Press

GET EBOOK

A Rational Expectations Approach to Macroeconometrics pursues a rational expectations approach to the estimation of a class of models widely discussed in the ma
Rational Expectations and Econometric Practice
Language: en
Pages: 335
Authors: Robert E. Lucas
Categories:
Type: BOOK - Published: 1988 - Publisher: U of Minnesota Press

GET EBOOK

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
Rational Expectations and Inflation
Language: en
Pages: 390
Authors: Thomas J. Sargent
Categories: Business & Economics
Type: BOOK - Published: 2013-05-05 - Publisher: Princeton University Press

GET EBOOK

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
Robustness
Language: en
Pages: 453
Authors: Lars Peter Hansen
Categories: Business & Economics
Type: BOOK - Published: 2016-06-28 - Publisher: Princeton University Press

GET EBOOK

The standard theory of decision making under uncertainty advises the decision maker to form a statistical model linking outcomes to decisions and then to choose