Rational Expectations and Econometric Practice
Download or Read eBook Rational Expectations and Econometric Practice PDF 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.
| Author | : Robert E. Lucas |
| Publisher | : U of Minnesota Press |
| Total Pages | : 335 |
| Release | : 1988 |
| ISBN-10 | : 9781452908281 |
| ISBN-13 | : 1452908281 |
| Rating | : 4/5 (81 Downloads) |
Book Synopsis Rational Expectations and Econometric Practice by : Robert E. Lucas
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.
