A Rational Expectations Approach to Macroeconometrics pursues a rational expectations approach to the estimation of a class of models widely discussed in the ma

These 21 readings describe the orgins and growth of the macroeconomic analysis known as "rational expectations". The readings trace the development of this appr

This book develops the idea of rational expectations and surveys its use in economics today.

A crucial challenge for economists is figuring out how people interpret the world and form expectations that will likely influence their economic activity. Infl

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