Search Results for: Rational Expectations Econometrics

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 pursues a rational expectations approach to the estimation of a class of models widely discussed in the ma

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

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

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