Rational Expectations and Economic Policy
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Rational Expectations and Economic Policy by Stanley Fischer
Book Description"Several areas in economics today have unprecedented significance and vitality. Most people would agree that stabilization policy ranks with the highest of these. Continuing inflation and periodic serious acceleration of inflation combined with high and secularly rising unemployment combine to give the area high priority. This book brings us up to date on an extremely lively discussion involving the role of expectations, and more particularly rational expectations, in the conduct of stabilization policy. . . . Anyone interested in the role of government in economics should read this important book." C. Glyn Williams, "The Wall Street Review of Books""This is a most timely and valuable contribution. . . . The contributors and commentators are highly distinguished and the editor has usefully collated comments and the ensuing discussion. Unusually for a conference proceedings the book is well indexed and it is also replete with numerous and up-to-date references. . . . This is the first serious book to examine the rational expectations thesis in any depth, and it will prove invaluable to anyone involved with macroeconomic policy generally and with monetary economics in particular." G. K. Shaw, "The Economic Journal""
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Book DetailsISBN: 9780226251349
(229mm x 155mm x 17mm)
Imprint: University of Chicago Press
Publisher: The University of Chicago Press
Publish Date: 1-Feb-1982
Country of Publication: United States
Books By Author Stanley Fischer
Macroeconomics, Hardback (October 2013)
Explains both the potential and limitations of economic policy. This book employs a model-based approach to macroeconomic analysis and demonstrates how various models are connected with the goal of giving students the capacity to analyze various economic issues in the context of an economic frame of reference.
Future of Central Banking, Paperback (June 2008)
Papers from the Bank of England's Tercentenary Symposium provide an authoritative account of the evolution of central banking and explore policy dilemmas.
Living Standards and the Wealth of Nations, Hardback (May 2006)» View all books by Stanley Fischer
A group of prominent international economists consider what makes for successful convergence--what policies and economic conditions help poor countries catch up to the living standards of rich countries.
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