Book Description
A comprehensive exposition of rational expectations models is provided here, working up from simple univariate models to more sophisticated multivariate and non-linear models.
Author : L. Broze
Publisher : Routledge
Page : 144 pages
File Size : 45,79 MB
Release : 2013-06-17
Category : Business & Economics
ISBN : 1136457801
A comprehensive exposition of rational expectations models is provided here, working up from simple univariate models to more sophisticated multivariate and non-linear models.
Author : Laurence Broze
Publisher : Harwood Academic Pub
Page : 120 pages
File Size : 49,43 MB
Release : 1990
Category : Business & Economics
ISBN : 9783718650316
Author : Jae Won Lee
Publisher :
Page : 0 pages
File Size : 49,27 MB
Release : 2020
Category :
ISBN :
Author : L. Broze
Publisher : Elsevier
Page : 249 pages
File Size : 34,10 MB
Release : 2014-06-28
Category : Business & Economics
ISBN : 1483296288
This book is devoted to the econometric analysis of linear multivariate rational expectation models. It shows that the interpretation of multiplicity in terms of "new degrees of freedom" is consistent with a rigorous econometric reasoning. Non-uniqueness is the central theme of this book. Each chapter is concerned with a specific econometric aspect of rational expectations equilibria. The most constructive result lies in the possibility of an empirical determination of the equilibrium followed by the economy.
Author : Charles H. Whiteman
Publisher : U of Minnesota Press
Page : 151 pages
File Size : 23,80 MB
Release : 1984
Category : Business & Economics
ISBN : 1452907935
Author : University of Western Ontario. Department of Economics
Publisher : London : Department of Economics, University of Western Ontario
Page : 16 pages
File Size : 31,36 MB
Release : 1987
Category :
ISBN : 9780771408212
Author : N. M. Christodoulakis
Publisher :
Page : 52 pages
File Size : 24,76 MB
Release : 1987
Category : Economics
ISBN :
Author : P. Fisher
Publisher : Springer Science & Business Media
Page : 215 pages
File Size : 10,51 MB
Release : 2013-04-17
Category : Business & Economics
ISBN : 9401580022
It is commonly believed that macroeconomic models are not useful for policy analysis because they do not take proper account of agents' expectations. Over the last decade, mainstream macroeconomic models in the UK and elsewhere have taken on board the `Rational Expectations Revolution' by explicitly incorporating expectations of the future. In principle, one can perform the same technical exercises on a forward expectations model as on a conventional model -- and more! Rational Expectations in Macroeconomic Models deals with the numerical methods necessary to carry out policy analysis and forecasting with these models. These methods are often passed on by word of mouth or confined to obscure journals. Rational Expectations in Macroeconomic Models brings them together with applications which are interesting in their own right. There is no comparable textbook in the literature. The specific subjects include: (i) solving for model consistent expectations; (ii) the choice of terminal condition and time horizon; (iii) experimental design: i.e., the effect of temporary vs permanent, anticipated vs. unanticipated shocks; deterministic vs. stochastic, dynamic vs. static simulation; (iv) the role of exchange rate; (v) optimal control and inflation-output tradeoffs. The models used are those of the Liverpool Research Group in Macroeconomics, the London Business School and the National Institute of Economic and Social Research.
Author : David K. H. Begg
Publisher :
Page : 312 pages
File Size : 24,64 MB
Release : 1982
Category : Business & Economics
ISBN :
Author : Robert E. Lucas
Publisher : U of Minnesota Press
Page : 335 pages
File Size : 33,4 MB
Release : 1988
Category :
ISBN : 1452908281
Assumptions 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, governme.