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Rational Expectations (Cambridge Surveys of Economic Literature) by Sheffrin
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A book that has been read but is in good condition. Very minimal damage to the cover including scuff marks, but no holes or tears. The dust jacket for hard covers may not be included. Binding has minimal wear. The majority of pages are undamaged with minimal creasing or tearing, minimal pencil underlining of text, no highlighting of text, no writing in margins. No missing pages.
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eBay item number:187605690949
Item specifics
- Condition
- Good
- Seller Notes
- “Used book in good condition. Shows typical wear. Quick shipping. Satisfaction guaranteed!”
- Book Title
- Rational Expectations (Cambridge Surveys of Economic Literature)
- Topic
- Macroeconomics
- Narrative Type
- Macroeconomics
- Genre
- N/A
- Intended Audience
- N/A
- ISBN
- 9780521479394
About this product
Product Identifiers
Publisher
Cambridge University Press
ISBN-10
0521479398
ISBN-13
9780521479394
eBay Product ID (ePID)
1064814
Product Key Features
Number of Pages
200 Pages
Publication Name
RATIONAL Expectations
Language
English
Subject
Economics / Macroeconomics, Economics / General
Publication Year
1996
Features
Revised
Type
Textbook
Subject Area
Business & Economics
Series
Cambridge Surveys of Economic Literature Ser.
Format
Trade Paperback
Dimensions
Item Height
0.4 in
Item Weight
10.6 Oz
Item Length
8.9 in
Item Width
6 in
Additional Product Features
Edition Number
2
Intended Audience
Scholarly & Professional
LCCN
95-045297
Dewey Edition
20
Illustrated
Yes
Dewey Decimal
330/.01
Table Of Content
Preface; Preface to the first edition; 1. The concept of rational expectations; 2. Inflation and unemployment; 3. Further topics in macroeconomics; 4. Efficient markets and rational expectations; 5. Empirical microeconomic models; 6. Rational expectations in practice; References; Index.
Edition Description
Revised edition
Synopsis
In recent years, 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. This book develops the idea of rational expectations and surveys its use in economics today., 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., 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. In this revised and expanded second edition, 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.
LC Classification Number
HB172.5 .S523 1996
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