Rational Expectations and Econometric Practice.

Assumptins 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, government subsidy schemes and regulations. The doctrin...

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Bibliographic Details
Author / Creator: Lucas, Robert E.
Other Authors / Creators:Sargent, Thomas J.
Format: eBook Electronic
Imprint: Minneapolis : University of Minnesota Press, 1977.
Local Note:Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2022. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Online Access:Click to View