Call Boomerang Books 1300 36 33 32

Description - Rational Expectations by Steven M. Sheffrin

Economists have developed models in which individuals form expectations of key variables in a 'rational' manner such that these expectations are consistent with actual economic environments. Professor Sheffrin first explores the logical foundation of the concept and the case for employing it in economic analysis. Subsequent chapters investigate its use in macroeconomics, financial markets, and microeconomics. A final chapter assesses its impact on theoretical and empirical work in economics and policy arenas. The author argues that while rational expectations are still central to macroeconomic policy debates, fully workable models have not yet been devised, and offers reasons for the lack of practical and conceptual progress. All chapters of the second edition have been revised or expanded. New sections inter alia include material on learning, the rationality of reported expectations, alternative recent developments explicitly or implicitly using rational expectations, new tests of the Lucas critique, and models of noise trading. The book is written in a non-technical fashion for beginning graduate students and non-specialists.

Buy Rational Expectations by Steven M. Sheffrin from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780521474009
ISBN-10: 0521474000
Format: Hardback
(228mm x 152mm x 16mm)
Pages: 200
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 1-Jun-1996
Country of Publication: United Kingdom

Other Editions - Rational Expectations by Steven M. Sheffrin

Book Reviews - Rational Expectations by Steven M. Sheffrin

» Have you read this book? We'd like to know what you think about it - write a review about Rational Expectations book by Steven M. Sheffrin and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)

Write Review

Books By Steven M. Sheffrin

Tax Fairness and Folk Justice by Steven M. Sheffrin
Hardback, October 2013
Property Taxes and Tax Revolts by Steven M. Sheffrin
Paperback, March 2007
Rational Expectations by Steven M. Sheffrin
Paperback, June 1996