Select Format
Select Condition 
Book Overview
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.
Format:Hardcover
Language:English
ISBN:0521474000
ISBN13:9780521474009
Release Date:June 1996
Publisher:Cambridge University Press
Length:200 Pages
Weight:0.98 lbs.
Dimensions:0.6" x 6.2" x 9.0"
Customer Reviews
1 rating
This is a excellent introduction to Rational Expectations
Published by Thriftbooks.com User , 23 years ago
The Sheffrin's book is excellent introduction to Rational Expectations Theory, I reviewed all the book in the PhD, the book is very clear. The book was written in non-technical language and reveals both the power and the limitations of the expectations assumption. I recommend the book.
Copyright © 2025 Thriftbooks.com
Terms of Use | Privacy Policy | Do Not Sell/Share My Personal Information | Cookie Policy | Cookie Preferences | Accessibility Statement
ThriftBooks ® and the ThriftBooks ® logo are registered trademarks of Thrift Books Global, LLC
ThriftBooks ® and the ThriftBooks ® logo are registered trademarks of Thrift Books Global, LLC
