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Rational Expectations in Macroeconomics: An Introduction to Theory and Evidence

Rational Expectations in Macroeconomics: An Introduction to Theory and Evidence Paperback / softback - 1991

by C.L.F. Attfield

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Description

Paperback / softback. New. Designed to explain the concept of rational expectations in macroeconomics, this book offers a comprehensive survey of the foundations, extensions and policy applications of the rational expectations hypothesis. This edition includes work on time inconsistency and variance.
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Details

  • Title Rational Expectations in Macroeconomics: An Introduction to Theory and Evidence
  • Author C.L.F. Attfield
  • Binding Paperback / softback
  • Edition 2nd Edition
  • Condition New
  • Pages 256
  • Volumes 1
  • Language ENG
  • Publisher Blackwell Publishers, Blackwell Publishers
  • Date 1991-08-26
  • Bookseller's Inventory # B9780631179474
  • ISBN 9780631179474 / 063117947X
  • Weight 0.84 lbs (0.38 kg)
  • Dimensions 9 x 6 x 0.58 in (22.86 x 15.24 x 1.47 cm)
  • Library of Congress subjects Macroeconomics, Rational expectations (Economic theory)
  • Library of Congress Catalog Number 90-43291
  • Dewey Decimal Code 339.072

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From the rear cover

Rational expectations has unquestionably become the standard way of modeling expectations in macroeconomics. Like the successful and widely-adopted first edition, this new edition is designed to explain the concept of rational expectations and its implications for macroeconomics.

It fills the gap between introductory macroeconomics texts in which expectations formation is incidental and the technically advanced texts and journal literature on rational expectations.
In this new edition, the authors have both extensively revised the presentation of much of the material covered and extended the coverage to include recent developments in the subject, most notably in the theory of aggregate consumption and the theory of real business cycles.

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About the author

Clifford Attfield is Reader in Econometrics at University of Bristol.

David Demery is Senior Lecturer.

Nigel Duck is Reader in Economics at the University of Bristol.