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Rational Expectations in Macroeconomic Models (Advanced Studies in Theoretical and Applied Econometrics) (Advanced Studies in Theoretical and Applied Econometrics, 26, Band 26) - Fisher, P.
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Fisher, P.:

Rational Expectations in Macroeconomic Models (Advanced Studies in Theoretical and Applied Econometrics) (Advanced Studies in Theoretical and Applied Econometrics, 26, Band 26) - Paperback

2010, ISBN: 9789048141883

Springer, Taschenbuch, Auflage: Softcover reprint of hardcover 1st ed. 1992, 228 Seiten, Publiziert: 2010-12-02T00:00:01Z, Produktgruppe: Buch, 0.71 kg, Recht, Kategorien, Bücher, Wirtsch… More...

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Rational Expectations in Macroeconomic Models (Advanced Studies in Theoretical and Applied Econometrics) (Advanced Studies in Theoretical and Applied Econometrics, 26, Band 26) - Fisher, P.
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Fisher, P.:

Rational Expectations in Macroeconomic Models (Advanced Studies in Theoretical and Applied Econometrics) (Advanced Studies in Theoretical and Applied Econometrics, 26, Band 26) - Paperback

2010, ISBN: 9789048141883

Springer, Taschenbuch, Auflage: Softcover reprint of hardcover 1st ed. 1992, 228 Seiten, Publiziert: 2010-12-02T00:00:01Z, Produktgruppe: Buch, 0.71 kg, Recht, Kategorien, Bücher, Wirtsch… More...

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Fisher P.:
Rational Expectations in Macroeconomic Models - Paperback

2010

ISBN: 9048141885

[EAN: 9789048141883], New book, [SC: 3.35], [PU: Springer], Print on Demand pp. 224 49:B&W 6.14 x 9.21 in or 234 x 156 mm (Royal 8vo) Perfect Bound on White w/Gloss Lam, Books

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P. Fisher:
Rational Expectations in Macroeconomic Models (Advanced Studies in Theoretical and Applied Econometrics) - Paperback

ISBN: 9789048141883

Springer Netherlands, 1992. Paperback. New. 228 pages. 9.25x6.25x0.50 inches., Springer Netherlands, 1992, 6

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Fisher, P.:
Rational Expectations in Macroeconomic Models (Advanced Studies in Theoretical and Applied Econometrics, 26) - Paperback

2010, ISBN: 9048141885

[EAN: 9789048141883], Used, as new, [SC: 8.0], [PU: Springer], Like New, Books

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Rational Expectations in Macroeconomic Models (Advanced Studies in Theoretical and Applied Econometrics) (Advanced Studies in Theoretical and Applied Econometrics, 26, Band 26)
Author:
Title:
ISBN:

9789048141883


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.

Details of the book - Rational Expectations in Macroeconomic Models (Advanced Studies in Theoretical and Applied Econometrics) (Advanced Studies in Theoretical and Applied Econometrics, 26, Band 26)


EAN (ISBN-13): 9789048141883
ISBN (ISBN-10): 9048141885
Paperback
Publishing year: 2010
Publisher: Springer
224 Pages
Weight: 0,345 kg
Language: eng/Englisch

Book in our database since 2011-09-18T16:03:02+01:00 (London)
Detail page last modified on 2023-11-03T11:21:41+00:00 (London)
ISBN/EAN: 9789048141883

ISBN - alternate spelling:
90-481-4188-5, 978-90-481-4188-3

Information from Publisher

Author: P. Fisher
Title: Advanced Studies in Theoretical and Applied Econometrics; Rational Expectations in Macroeconomic Models
Publisher: Springer; Springer Netherland
211 Pages
Publishing year: 2010-12-03
Dordrecht; NL
Printed / Made in
Language: English
160,49 € (DE)
164,99 € (AT)
177,00 CHF (CH)
POD
VIII, 211 p.

BC; Hardcover, Softcover / Wirtschaft/Volkswirtschaft; Ökonometrie und Wirtschaftsstatistik; Verstehen; Inflation; Optimal control; Simulation; calculus; macroeconomics; Econometrics; Macroeconomics and Monetary Economics; Calculus of Variations and Optimization; Makroökonomie; Optimierung; BB

Large-Scale Macroeconomic Models and Forward Expectations.- Solution Methods for Nonlinear Forward Expectations Models.- Terminal Conditions, Uniqueness and Stability.- Experimental Design.- The Role of the Exchange Rate.- Optimal Control and Inflation-Unemployment Trade-Offs.- Conclusion.

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